The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. ChemoMetec AS's quick ratio for the quarter that ended in Jun. 2024 was 3.76.
ChemoMetec AS has a quick ratio of 3.76. It generally indicates good short-term financial strength.
The historical rank and industry rank for ChemoMetec AS's Quick Ratio or its related term are showing as below:
LTS:0DZ0'
s Quick Ratio Range Over the Past 10 Years
Min: 1.31 Med: 2.27 Max: 3.76
Current: 3.76
During the past 13 years, ChemoMetec AS's highest Quick Ratio was 3.76. The lowest was 1.31. And the median was 2.27.
LTS:0DZ0's Quick Ratio is ranked better than 73.19% of 869
companies
in the Medical Devices & Instruments industry
Industry Median: 1.92
vs LTS:0DZ0: 3.76
ChemoMetec AS Quick Ratio Historical Data
The historical data trend for ChemoMetec AS's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of ChemoMetec AS's Quick Ratio
For the Medical Devices subindustry, ChemoMetec AS's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ChemoMetec AS's Quick Ratio Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, ChemoMetec AS's Quick Ratio distribution charts can be found below:
* The bar in red indicates where ChemoMetec AS's Quick Ratio falls into.
ChemoMetec AS Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
ChemoMetec AS's Quick Ratio for the fiscal year that ended in Jun. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ChemoMetec AS (LTS:0DZ0) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
ChemoMetec AS Quick Ratio Related Terms
Thank you for viewing the detailed overview of ChemoMetec AS's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
ChemoMetec AS specializes in designing, developing, and producing instruments using patented technology in cell counting and evaluation. It is engaged in the manufacturing and marketing of analytical instruments used for quantitative analysis of cells in liquids. Its applications include Cell Analysis and counting of Mammalian Cells, Yeast Cells, and Sperm Cells. It provides platforms for the determination of viability and cell count of yeast, veterinary semen, mammalian cells, and somatic cells as well as image analysis. It has four segments instruments; consumables; services and others, and the majority of its revenue is generated from the Consumable segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LTS:0DZ0 has been successfully added to your 