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. OPT Sciences's quick ratio for the quarter that ended in Jul. 2015 was 20.65.
OPT Sciences has a quick ratio of 20.65. It generally indicates good short-term financial strength.
The historical rank and industry rank for OPT Sciences's Quick Ratio or its related term are showing as below:
OPST's Quick Ratio is not ranked *
in the Aerospace & Defense industry.
Industry Median: 1.3 * Ranked among companies with meaningful Quick Ratio only.
OPT Sciences (OTCPK:OPST) 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.
OPT Sciences Quick Ratio Related Terms
OPT Sciences Quick Ratio Historical Data
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The historical data trend for OPT Sciences'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 Aerospace & Defense subindustry, OPT Sciences'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.
OPT Sciences Quick Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, OPT Sciences's Quick Ratio distribution charts can be found below:
* The bar in red indicates where OPT Sciences'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.
OPT Sciences's Quick Ratio for the fiscal year that ended in Oct. 2014 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.
OPT Sciences (OPST) has a Quick Ratio of 20.65 as of Jul. 2015. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on OPT Sciences and its competitors.
Is OPT Sciences' Quick Ratio too high?
OPT Sciences' current Quick Ratio is 20.65. The Aerospace & Defense industry median Quick Ratio is 1.30. OPT Sciences' value of 20.65 is 1488.5% above this industry median.
How does OPT Sciences' Quick Ratio compare to SDEV and SIF?
OPT Sciences' Quick Ratio of 20.65 can be compared against companies in the Aerospace & Defense industry. The industry median Quick Ratio is 1.30. OPT Sciences' value of 20.65 is 1488.5% above this benchmark. 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 an Aerospace & Defense company?
The median Quick Ratio among Aerospace & Defense companies is 1.30, based on 357 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. OPT Sciences's current Quick Ratio of 20.65 is 1488.5% 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 OPT Sciences and its competitors. For the Aerospace & Defense industry, the median Quick Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OPT Sciences's current Quick Ratio is 20.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OPT Sciences stock overvalued right now?
OPT Sciences (OPST) has a current Quick Ratio of 20.65. The current Quick Ratio is 20.65 and 1488.5% above the Aerospace & Defense industry median of 1.30. 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 OPT Sciences (OPST), the current Quick Ratio is 20.65 as of Jul. 2015. 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.
OPT Sciences Corp through its operating subsidiary O & S Research, manufactures precision optical components for the Aerospace Industry. It provides anti-glare optical coatings, panels for liquid crystal displays ("LCD"), LCD glass heaters, and electromagnetic interference shielding glass. In addition, it also offers glass cutting, grinding, and painting services. Geographically, the activities are performed in the United States and it derives revenue from product sales when products are shipped to customers.
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