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Taylor Devices Quick Ratio

: 5.85 (As of Aug. 2020)
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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. Taylor Devices's quick ratio for the quarter that ended in Aug. 2020 was 5.85.

Taylor Devices has a quick ratio of 5.85. It generally indicates good short-term financial strength.

NAS:TAYD' s Quick Ratio Range Over the Past 10 Years
Min: 0.5   Med: 1.47   Max: 5.85
Current: 5.85

0.5
5.85

During the past 13 years, Taylor Devices's highest Quick Ratio was 5.85. The lowest was 0.50. And the median was 1.47.

NAS:TAYD's Quick Ratio is ranked higher than
95% of the 2522 Companies
in the Industrial Products industry.

( Industry Median: 1.39 vs. NAS:TAYD: 5.85 )

Taylor Devices Quick Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Taylor Devices Annual Data
May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.56 3.30 2.88 4.00 4.39

Taylor Devices Quarterly Data
Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20
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 4.45 3.66 4.08 4.39 5.85

Competitive Comparison
* 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.


Taylor Devices Quick Ratio Distribution

* The bar in red indicates where Taylor Devices's Quick Ratio falls into.



Taylor Devices 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.

Taylor Devices's Quick Ratio for the fiscal year that ended in May. 2020 is calculated as

Quick Ratio (A: May. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(34.424-10.107)/5.538
=4.39

Taylor Devices's Quick Ratio for the quarter that ended in Aug. 2020 is calculated as

Quick Ratio (Q: Aug. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(32.947-9.55)/4
=5.85

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Taylor Devices  (NAS:TAYD) 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.


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