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Paragon Advanced LabsTSXV:PALS +4.35%9 Quick Ratio is 0.14 as of Mar. 2025, which is 71% below its 10-year median of 0.48. GuruFocus rates TSXV:PALS with a GF Score™ of 9/100. The stock has 1 warning sign investors should review. Among 2,497 Hardware companies, Paragon Advanced Labs ranks worse than 94.39% on this metric.
Paragon Advanced Labs has a quick ratio of 0.14. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Paragon Advanced Labs's Quick Ratio or its related term are showing as below:
TSXV:PALS'
s Quick Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.48 Max: 0.61
Current: 0.48
During the past 0 years, Paragon Advanced Labs's highest Quick Ratio was 0.61. The lowest was 0.14. And the median was 0.48.
TSXV:PALS's Quick Ratio is ranked worse than 94.39% of 2497
companies
in the Hardware industry
Industry Median: 1.46
vs TSXV:PALS: 0.48
Paragon Advanced Labs (TSXV:PALS) 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.
Paragon Advanced Labs Quick Ratio Related Terms
Paragon Advanced Labs Quick Ratio Historical Data
* Premium members only.
The historical data trend for Paragon Advanced Labs'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.
Paragon Advanced Labs Quick Ratio Chart
Paragon Advanced Labs Annual Data
Trend
Quick Ratio
Paragon Advanced Labs Semi-Annual Data
Mar25
Quick Ratio
0.14
TSXV:PALS vs COHR, KEYS, GRMN: Quick Ratio Comparison
For the Scientific & Technical Instruments subindustry, Paragon Advanced Labs'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.
Paragon Advanced Labs Quick Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Paragon Advanced Labs's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Paragon Advanced Labs'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.
Paragon Advanced Labs's Quick Ratio for the fiscal year that ended in . 20 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.
Paragon Advanced Labs (TSXV:PALS) has a Quick Ratio of 0.14 as of Mar. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Paragon Advanced Labs and its competitors. This is 71% below median its historical median of 0.48. Over the past decade, Paragon Advanced Labs' Quick Ratio has ranged from 0.14 to 0.61. According to the industry distribution chart, Paragon Advanced Labs ranks #2357 out of 2497 companies in the Hardware industry, placing it in the top 94.4%.
Is Paragon Advanced Labs' Quick Ratio too high?
Paragon Advanced Labs' current Quick Ratio of 0.14 is 71% below median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.61. The Hardware industry median Quick Ratio is 1.46. Paragon Advanced Labs' value of 0.14 is 90.4% below this industry median. Based on the distribution chart, Paragon Advanced Labs ranks #2357 out of 2497 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Paragon Advanced Labs has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Paragon Advanced Labs' Quick Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Paragon Advanced Labs ranks #2357 out of 2497 companies for Quick Ratio. This places Paragon Advanced Labs in the lower half of its industry. The industry median Quick Ratio is 1.46. Paragon Advanced Labs' value of 0.14 is 90.4% below this benchmark. Historically, Paragon Advanced Labs' own Quick Ratio has ranged from 0.14 to 0.61 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 1.46, Paragon Advanced Labs has consistently been below 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 2,497 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. Paragon Advanced Labs's current Quick Ratio of 0.14 is 90.4% below 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 Paragon Advanced Labs 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. Paragon Advanced Labs's current Quick Ratio is 0.14, which is 71% below median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paragon Advanced Labs stock overvalued right now?
Paragon Advanced Labs (TSXV:PALS) has a current Quick Ratio of 0.14. The current Quick Ratio is 0.14, which is 71% below median its 10-year median of 0.48 and 90.4% below the Hardware industry median of 1.46. Paragon Advanced Labs' overall GF Score™ is 9/100 with 1 warning sign 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 Paragon Advanced Labs (TSXV:PALS), the current Quick Ratio is 0.14 as of Mar. 2025. 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.
Paragon Advanced Labs Inc provides mineral assays and geochemical analysis and testing to the natural resource industry. Its service offerings include a wide range of analytical techniques to suit the needs of the mining industry.
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