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Schmitt Industries Inc   (SMIT)
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Schmitt Industries Inc 's Quick Ratio

SMIT's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


In the wake of the increase in Current Liabilities in the forth quarter 2022, Quick Ratio fell to 0.28 a new company low.

Within Electronic Instruments & Controls industry 46 other companies have achieved higher Quick Ratio than Schmitt Industries Inc in forth quarter 2022. While Quick Ratio total ranking in the forth quarter 2022 has deteriorated compared to the prior quarter from 3208 to 4220.

Explain Quick Ratio?
How much Cash & cash equivalents SMIT´s has?
What are SMIT´s Current Liabilities?


SMIT Quick Ratio (May 31 2022)
IV. Quarter
(Feb 28 2022)
III. Quarter
(Nov 30 2021)
II. Quarter
(Aug 31 2021)
I. Quarter
(May 31 2021)
IV. Quarter
Y / Y Current Liabilities Change 45.37 % 29.44 % 55.81 % 91.96 % 206.51 %
Y / Y Cash & cash equivalent Change -63.9 % -27.47 % -25.17 % -63.94 % -56 %
Quick Ratio MRQ 0.28 0.65 1.12 0.67 1.11
SMIT's Total Ranking # 4220 # 3208 # 38 # 2715 # 2175
Seq. Current Liabilities Change 30.79 % -5.5 % -3.93 % 22.42 % 16.46 %
Seq. Cash & cash equivalent Change -44.44 % -45.22 % 60.23 % -25.98 % 11.65 %



Quick Ratio forth quarter 2022 Company Ranking
Within: No.
Electronic Instruments & Controls Industry # 47
Technology Sector # 701
Overall Market # 4220


Quick Ratio Statistics
High Average Low
11.43 1.74 0.28
(Nov 30 2019)   (May 31 2022)




Financial Statements
Schmitt Industries Inc 's Current Liabilities $ 6 Millions Visit SMIT's Balance sheet
Schmitt Industries Inc 's Cash & cash equivalent $ 2 Millions Visit SMIT's Balance sheet
Source of SMIT's Sales Visit SMIT's Sales by Geography


Cumulative Schmitt Industries Inc 's Quick Ratio

SMIT's Quick Ratio for the trailling 12 Months

SMIT Quick Ratio

(May 31 2022)
IV. Quarter
(Feb 28 2022)
III. Quarter
(Nov 30 2021)
II. Quarter
(Aug 31 2021)
I. Quarter
(May 31 2021)
IV. Quarter
Y / Y Current Liabilities TTM Growth 45.37 % 29.44 % 55.81 % 91.96 % 206.51 %
Y / Y Cash & cash equivalent TTM Growth -63.9 % -27.47 % -25.17 % -63.94 % -56 %
Quick Ratio TTM 0.66 0.88 1 1.22 1.9
Total Ranking TTM # 4795 # 2387 # 1116 # 39 # 1246
Seq. Current Liabilities TTM Growth 30.79 % -5.5 % -3.93 % 22.42 % 16.46 %
Seq. Cash & cash equivalent TTM Growth -44.44 % -45.22 % 60.23 % -25.98 % 11.65 %


On the trailing twelve months basis Due to growth in Current Liabilities in the IV Quarter 2022 to $5.83 millions, cumulative Quick Ratio decreased to 0.66 below the Schmitt Industries Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Electronic Instruments & Controls industry 58 other companies have achieved higher Quick Ratio than Schmitt Industries Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2022 from 2387 to 4795.

Explain Quick Ratio?
How much Cash & cash equivalents SMIT´s has?
What are SMIT´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Electronic Instruments & Controls Industry # 59
Technology Sector # 655
Within the Market # 4795


trailing twelve months Quick Ratio Statistics
High Average Low
7.04 1.63 0.33
(May 31 2020)   (Nov 30 2017)




Companies with similar Quick Ratio in the quarter ending May 31 2022, within Electronic Instruments & Controls Industry Quick RatioMay 31 2022 MRQ Cash & cash equivalentMay 31 2022 MRQ Current Liabilities
Ault Alliance Inc   0.75 $ 41.600  Millions$ 55.233  Millions
Frequency Electronics Inc   0.74 $ 17.467  Millions$ 23.498  Millions
Teradyne Inc   0.72 $ 572.023  Millions$ 797.385  Millions
Varex Imaging Corporation  0.58 $ 99.600  Millions$ 172.300  Millions
Cemtrex Inc   0.55 $ 13.242  Millions$ 23.979  Millions
Intest Corp  0.52 $ 14.028  Millions$ 26.896  Millions
Itron Inc   0.45 $ 208.500  Millions$ 461.190  Millions
Hubbell Inc  0.44 $ 438.100  Millions$ 1,002.900  Millions
Crown Electrokinetics Corp   0.41 $ 0.984  Millions$ 2.400  Millions
International Isotopes Inc  0.40 $ 3.026  Millions$ 7.630  Millions
Mercury Systems Inc   0.34 $ 65.654  Millions$ 193.927  Millions
Trimas Corporation  0.33 $ 49.090  Millions$ 147.360  Millions
Allient Inc  0.31 $ 28.846  Millions$ 93.424  Millions
R F Industries Ltd  0.30 $ 5.086  Millions$ 16.963  Millions
Schmitt Industries Inc   0.28 $ 1.612  Millions$ 5.828  Millions
Ametek inc   0.27 $ 348.653  Millions$ 1,305.492  Millions
Fortive Corporation  0.26 $ 682.900  Millions$ 2,611.300  Millions
Snap One Holdings Corp   0.19 $ 31.318  Millions$ 161.115  Millions
Sypris Solutions Inc   0.19 $ 7.486  Millions$ 38.901  Millions
Materion Corporation  0.15 $ 32.175  Millions$ 210.225  Millions
Park ohio Holdings Corp  0.14 $ 52.000  Millions$ 367.100  Millions
Lg Display Co Ltd   0.13 $ 1,701.829  Millions$ 12,984.214  Millions
Ostin Technology Group Co Ltd   0.12 $ 3.656  Millions$ 31.506  Millions
Crawford United Corp  0.11 $ 3.151  Millions$ 28.618  Millions
Vertiv Holdings Co  0.11 $ 194.400  Millions$ 1,820.400  Millions
Giga tronics Inc  0.08 $ 0.400  Millions$ 5.113  Millions
Digipath Inc   0.08 $ 0.250  Millions$ 3.301  Millions

Date modified: 2022-10-15T12:38:51+00:00



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