NeonodeNEON -10.41%55 Quick Ratio is 11.91 as of Mar. 2026, which is 227% above its 10-year median of 3.64. GuruFocus rates NEON with a GF Score™ of 55/100 and a GF Value™ of $2.27 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,492 Hardware companies, Neonode ranks better than 97.31% on this metric.
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. Neonode's quick ratio for the quarter that ended in Mar. 2026 was 11.91.
Neonode has a quick ratio of 11.91. It generally indicates good short-term financial strength.
The historical rank and industry rank for Neonode's Quick Ratio or its related term are showing as below:
NEON'
s Quick Ratio Range Over the Past 10 Years
Min: 0.69 Med: 3.64 Max: 12.83
Current: 11.91
During the past 13 years, Neonode's highest Quick Ratio was 12.83. The lowest was 0.69. And the median was 3.64.
NEON's Quick Ratio is ranked better than 97.31% of 2492
companies
in the Hardware industry
Industry Median: 1.46
vs NEON: 11.91
Neonode (NAS:NEON) 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.
Neonode Quick Ratio Related Terms
Neonode Quick Ratio Historical Data
* Premium members only.
The historical data trend for Neonode'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.
For the Electronic Components subindustry, Neonode'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.
Neonode Quick Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Neonode's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Neonode's Quick Ratio falls into.
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.
Neonode's Quick Ratio for the fiscal year that ended in Dec. 2025 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.
Neonode (NEON) has a Quick Ratio of 11.91 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Neonode and its competitors. This is 227% above median its historical median of 3.64. Over the past decade, Neonode's Quick Ratio has ranged from 0.69 to 12.83. According to the industry distribution chart, Neonode ranks #67 out of 2492 companies in the Hardware industry, placing it in the top 2.7%.
Is Neonode's Quick Ratio too high?
Neonode's current Quick Ratio of 11.91 is 227% above median its 10-year median of 3.64. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 12.83. The Hardware industry median Quick Ratio is 1.46. Neonode's value of 11.91 is 715.8% above this industry median. Based on the distribution chart, Neonode ranks #67 out of 2492 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Neonode has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Neonode's Quick Ratio compare to REFR and DAIO?
According to the Hardware industry distribution chart, Neonode ranks #67 out of 2492 companies for Quick Ratio. This places Neonode in the top 3% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.46. Neonode's value of 11.91 is 715.8% above this benchmark. Historically, Neonode's own Quick Ratio has ranged from 0.69 to 12.83 over the past decade. While the company's 10-year median is 3.64 vs. the industry median of 1.46, Neonode has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Hardware company?
The median Quick Ratio among Hardware companies is 1.46, based on 2,492 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Neonode's current Quick Ratio of 11.91 is 715.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Neonode and its competitors. For the Hardware industry, the median Quick Ratio is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neonode's current Quick Ratio is 11.91, which is 227% above median its own 10-year median of 3.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neonode stock overvalued right now?
Based on GuruFocus' analysis, Neonode (NEON) is currently considered Possible Value Trap. The stock's GF Value™ is $2.27, compared to a current price of $0.85 — trading 62.5% below its estimated fair value. The current Quick Ratio is 11.91, which is 227% above median its 10-year median of 3.64 and 715.8% above the Hardware industry median of 1.46. Neonode's overall GF Score™ is 55/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Neonode (NEON), the current Quick Ratio is 11.91 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Neonode (NEON) Overvalued in 2026?
Based on GuruFocus' analysis, Neonode stock appears to be undervalued.
The current stock price of $0.85 is trading 62.5% below its estimated GF Value™ of $2.27.
GuruFocus considers Neonode to be Possible Value Trap.
Key valuation signals for NEON:
Quick Ratio: 11.91 (227% above median its 10-year median of 3.64)
GF Value™: $2.27 vs. price of $0.85 (62.5% below fair value)
Industry Position: 715.8% above the Hardware median (#67 of 2492)
No single metric tells the full story. See the NEON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neonode Inc provides software solutions for machine perception that feature machine learning algorithms to detect and track persons and objects in video streams from cameras and other types of imagers. Its machine perception solutions are based on the MultiSensing technology platform. The company also offers optical sensing solutions for contactless touch and gesture sensing. It markets and sells its solutions mainly to customers in the automotive sector, along with other markets such as office equipment, industrial automation, medical, military, and avionics. Geographically, the company operates in Japan, South Korea, Germany, Sweden, China, and other regions, with a majority of its revenue generated from Japan.
55GF Score
Get the complete analysis for NEON
Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NEON has been successfully added to your 
