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VIDE (Video Display) Quick Ratio : 0.22 (As of Aug. 2024)


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What is Video Display Quick Ratio?

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. Video Display's quick ratio for the quarter that ended in Aug. 2024 was 0.22.

Video Display has a quick ratio of 0.22. It indicates that the company cannot currently fully pay back its current liabilities.

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

VIDE' s Quick Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.64   Max: 3.93
Current: 0.22

During the past 13 years, Video Display's highest Quick Ratio was 3.93. The lowest was 0.18. And the median was 0.64.

VIDE's Quick Ratio is ranked worse than
98.3% of 2470 companies
in the Hardware industry
Industry Median: 1.45 vs VIDE: 0.22

Video Display Quick Ratio Historical Data

The historical data trend for Video Display'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.

* Premium members only.

Video Display Quick Ratio Chart

Video Display Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 0.89 0.43 0.54 0.26

Video Display Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 Premium Member Only Premium Member Only Premium Member Only 0.35 0.18 0.26 0.29 0.22

Competitive Comparison of Video Display's Quick Ratio

For the Computer Hardware subindustry, Video Display'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.


Video Display's Quick Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Video Display's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Video Display's Quick Ratio falls into.



Video Display 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.

Video Display's Quick Ratio for the fiscal year that ended in Feb. 2024 is calculated as

Quick Ratio (A: Feb. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3.886-2.566)/5.004
=0.26

Video Display's Quick Ratio for the quarter that ended in Aug. 2024 is calculated as

Quick Ratio (Q: Aug. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3.142-2.161)/4.452
=0.22

* 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.


Video Display  (OTCPK:VIDE) 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.


Video Display Quick Ratio Related Terms

Thank you for viewing the detailed overview of Video Display's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Video Display Business Description

Traded in Other Exchanges
N/A
Address
5155 King Street, Cocoa, FL, USA, 32926
Video Display Corp is a provider and manufacturer of video products, components, and systems for the visual display and presentation of electronic information media in a range of requirements and environments. It designs, engineers, manufactures, markets, distributes, and installs display products and systems, from basic components to systems for government, military, aerospace, medical, industrial, and commercial organizations. The company operates in one segment which is simulation, training, and cyber secure products.
Executives
Ronald D Ordway director, 10 percent owner, officer: CEO 1868 TUCKER INDL RD, TUCKER GA 30084
Jonathan R Ordway 10 percent owner
David Saunders Cooper director 2476 OLDFIELD ROAD NW, ATLANTA GA 30327
Lusby Roger Winfield Iii director 5604 BAHIA MAR CIRCLE, STONE MOUNTAIN GA 30087
Gregory Lee Osborn director, officer: Chief Financial Officer 1374 CARRINGTON WAY, LAWRENCEVILLE GA 30044
David Allen Heiden officer: President & COO 6078 WINDSONG WAY, STONE MOUNTAIN GA 30087
Ervin Kuczogi director P O BOX 353, WHITE MILLS PA 18473
Michael Delen Boyd officer: CFO 1451 BEVERLY DRIVE, ATHENS GA 30606
Thibeault Ernest Joseph Iii director 603 OLD MAMMOTH ROAD, LONDONDERRY NH 03053
Carolyn C Howard director 279 MOUNTAIN ROAD, JAFFREY NH 03452
Carleton E Sawyer director C/O VIDEO DISPLAY CORP, 13 PINE RIDGE RD, LOUDON NH 03307-0830
Murray G Fox director, officer: CEO - Fox International, Ltd
Carol D Franklin officer: CFO
Peter Frend director 1107 LIBERTY SQUARE RD, BOXBOROUGH MA 01719

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