OPTI (Optec International) Quick Ratio: 0.00 (As of Dec. 2018)


What is Optec International Quick Ratio?

Optec International OPTI +100.00% Quick Ratio is 0.00 as of Dec. 2018.

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. Optec International's quick ratio for the quarter that ended in Dec. 2018 was 0.00.

Optec International has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Optec International's Quick Ratio or its related term are showing as below:

OPTI's Quick Ratio is not ranked *
in the Vehicles & Parts industry.
Industry Median: 1.06
* Ranked among companies with meaningful Quick Ratio only.

Optec International  (OTCPK:OPTI) 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.

Optec International Quick Ratio Related Terms

Optec International Quick Ratio Historical Data

* Premium members only.

The historical data trend for Optec International'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.

Optec International Quick Ratio Chart

Optec International Annual Data
Trend Jun15 Jun16 Jun17
Quick Ratio
0.00 1.80 0.71

Optec International Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.25 0.05 0.02 0.08 0.00

OPTI vs STDY, VERU, ELTP: Quick Ratio Comparison

For the Auto Parts subindustry, Optec International'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.

Optec International Quick Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Optec International's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Optec International's Quick Ratio falls into.


Optec International 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.

Optec International's Quick Ratio for the fiscal year that ended in Jun. 2017 is calculated as

Quick Ratio (A: Jun. 2017 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.005-0)/0.007
=0.71

Optec International's Quick Ratio for the quarter that ended in Dec. 2018 is calculated as

Quick Ratio (Q: Dec. 2018 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.102-0.081)/5.546
=0.00

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 0.00 mean?
Optec International (OPTI) has a Quick Ratio of 0.00 as of Dec. 2018. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Optec International and its competitors.
Is Optec International's Quick Ratio too high?
Optec International's current Quick Ratio is 0.00.
How does Optec International's Quick Ratio compare to STDY and VERU?
Optec International's Quick Ratio of 0.00 can be compared against companies in the Vehicles & Parts industry. The industry median Quick Ratio is 1.06. 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 Vehicles & Parts company?
The median Quick Ratio among Vehicles & Parts companies is 1.06, based on 1,337 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. 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 Optec International and its competitors. For the Vehicles & Parts industry, the median Quick Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Optec International's current Quick Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Optec International stock overvalued right now?
Optec International (OPTI) has a current Quick Ratio of 0.00. The current Quick Ratio is 0.00. 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 Optec International (OPTI), the current Quick Ratio is 0.00 as of Dec. 2018. 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.

Optec International Business Description

Address 1385 Park Center Drive, Vista, CA, USA, 92081
Optec International Inc is a provider of green technologies for continued reduction of fossil fuel usage, pollution and greenhouse gas emissions. It is engaged in the distribution of Green technologies, the OPTEC Fuel Maximizer and the OPTEC Led Solar lighting systems. The company is also involved in the distribution of Optec UV-C technology Solutions, PPE and related healthcare products. Its OPTEC Fuel Maximizer products is a patented plug-in-play aftermarket automotive device.