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Sypris Solutions Quick Ratio

: 0.96 (As of Jun. 2021)
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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. Sypris Solutions's quick ratio for the quarter that ended in Jun. 2021 was 0.96.

Sypris Solutions has a quick ratio of 0.96. It indicates that the company cannot currently fully pay back its current liabilities.

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

NAS:SYPR' s Quick Ratio Range Over the Past 10 Years
Min: 0.44   Med: 1.01   Max: 1.8
Current: 0.96

0.44
1.8

During the past 13 years, Sypris Solutions's highest Quick Ratio was 1.80. The lowest was 0.44. And the median was 1.01.

NAS:SYPR's Quick Ratio is ranked higher than
63% of the 126 Companies
in the Vehicles & Parts industry.

( Industry Median: 0.98 vs. NAS:SYPR: 0.96 )

Sypris Solutions Quick Ratio Historical Data

The historical data trend for Sypris Solutions'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.

Sypris Solutions Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.60 1.03 0.93 0.82 1.02

Sypris Solutions Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Quick Ratio 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 Premium Member Only Premium Member Only Premium Member Only 0.81 0.85 1.02 0.80 0.96

Competitive Comparison

For the Auto Parts subindustry, Sypris Solutions'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.

   

Sypris Solutions Quick Ratio Distribution

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

* The bar in red indicates where Sypris Solutions's Quick Ratio falls into.



Sypris Solutions 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.

Sypris Solutions's Quick Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Quick Ratio (A: Dec. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(39.436-16.236)/22.687
=1.02

Sypris Solutions's Quick Ratio for the quarter that ended in Jun. 2021 is calculated as

Quick Ratio (Q: Jun. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(57.136-23.317)/35.124
=0.96

* 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.


Sypris Solutions  (NAS:SYPR) 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.


Sypris Solutions Quick Ratio Related Terms

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


Sypris Solutions Business Description

Sypris Solutions logo
Industry
Consumer Cyclical » Vehicles & Parts NAICS : 336390 SIC : 3714
Traded in Other Exchanges
Address
101 Bullitt Lane, Suite 450, Louisville, KY, USA, 40222
Sypris Solutions Inc is a US based company engaged in providing outsourced services and specialty products. It offers a range of manufacturing, engineering, design and other technical services. Business activity of the firm is functioned through Sypris Technologies and Sypris Electronics segments. Sypris Technologies segment is engaged in the sale of goods and manufacturing services to customers in the market for truck components and assemblies and from the sale of products to the energy and chemical markets whereas the Sypris Electronics segment is engaged in the sale of manufacturing services, technical services, and products to customers in the market for aerospace and defense electronics. Sypris derives most of the revenue from Technologies segment.
Executives
Davis Richard L officer: Vice President 101 BULLITT LN., STE. 450 LOUISVILLE KY 40222
Allen Anthony C officer: Vice President and CFO 101 BULLITT LN., STE. 450 LOUISVILLE KY 40222
Eckert Rebecca R officer: Principal Accounting Officer, other: Controller 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Convis Gary L director 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Gill Jeffrey T director, 10 percent owner, officer: President and CEO 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Healey William L director 101 BULLITT LANE STE 450 LOUISVILLE KY 40222
Gill R Scott director, 10 percent owner 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Ferko William G director 7419 CEDAR BLUFF CT PROSPECT KY 40059
Petersen Sidney R/ca director 150 N. ORANGE GROVE BLVD PASADENA CA 91103
Sroka Robert director 101 BULLITT LN., STE. 450 LOUISVILLE KY 40222
Brinkley John F director 46 GULL POINT ROAD HILTON HEAD ISLAND SC 29928
Mcgeeney John R officer: VP, General Counsel &Secretary 101 BULLITT LN SUITE 450 LOUISVILLE KY 40222
Straub Stephen W officer: Vice President Operations 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222
Larochelle Paul G officer: VP Sales&Strategic Initiatives 101 BULLITT LANE, SUITE 450 LOUISVILLE KY 40222
Walsh John James other: VP and President of Subsidiary 101 BULLITT LANE SUITE 450 LOUISVILLE KY 40222

Sypris Solutions Headlines

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