Regardless of the sequential decrease in Current Liabilities, during the third quarter 2022, Quick Ratio deteriorated to 0.14 above company average Quick Ratio.

Within IT Infrastructure industry 156 other companies have achieved higher Quick Ratio than Ionix Technology in third quarter 2022. While Quick Ratio total ranking has improved so far during the Q3 2022 to 4417, from total ranking in the second quarter 2021 at 4887.

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IINX Quick Ratio	(Mar 31 2022) Q3	(Dec 31 2021) Q2	(Sep 30 2021) Q1	(Jun 30 2021) Q4	(Mar 31 2021) Q3
Y / Y Current Liabilities Change	61.75 %	28.75 %	33.95 %	31.12 %	-37.06 %
Y / Y Cash & cash equivalent Change	110.53 %	25.97 %	-58.66 %	-43.07 %	-70.45 %
Quick Ratio MRQ	0.14	0.15	0.05	0.07	0.1
IINX's Total Ranking	# 4417	# 4887	# 3900	# 4657	# 3978
Seq. Current Liabilities Change	-8.93 %	-2.51 %	-4.86 %	91.48 %	-27.51 %
Seq. Cash & cash equivalent Change	-19.19 %	181.59 %	-31.47 %	35 %	-51.65 %

Quick Ratio third quarter 2022 Company Ranking
Within:	No.
IT Infrastructure Industry	# 157
Technology Sector	# 522
Overall Market	# 4417

Quick Ratio Statistics
High	Average	Low
0.51	0.12	0
(Mar 31 2018)		(Jun 30 2014)

Financial Statements
Ionix Technology's Current Liabilities	$ 8 Millions	Visit IINX's Balance sheet
Ionix Technology's Cash & cash equivalent	$ 1 Millions	Visit IINX's Balance sheet
Source of IINX's Sales		Visit IINX's Sales by Geography

Cumulative Ionix Technology's Quick Ratio

IINX's Quick Ratio for the trailling 12 Months

IINX Quick Ratio	(Mar 31 2022) 12 Months	(Dec 31 2021) 12 Months	(Sep 30 2021) 12 Months	(Jun 30 2021) 12 Months	(Mar 31 2021) 12 Months
Y / Y Current Liabilities TTM Growth	37.12 %	12.51 %	-0.37 %	-11.62 %	-19.42 %
Y / Y Cash & cash equivalent TTM Growth	-9.01 %	-41.56 %	-51 %	-45.32 %	-28.52 %
Quick Ratio TTM	0.1	0.09	0.09	0.12	0.16
Total Ranking TTM	# 6014	# 5887	# 6022	# 3946	# 6009
Seq. Current Liabilities TTM Growth	9.48 %	6.49 %	8.17 %	8.74 %	-10.17 %
Seq. Cash & cash equivalent TTM Growth	18.8 %	10.05 %	-19.73 %	-13.3 %	-23.7 %

Quick ratio ranking by company, industry and sector >> Back to IINX Financial Strength Comparisons >> Go to Compare IINX Quick Ratio to its Competitors

On the trailing twelve months basis IINX Cash & cash equivalent more than doubled by 110.53 % in Q3 2022 year on year, faster than Current Liabilities, this led to increase in in Ionix Technology's Quick Ratio to 0.1, Quick Ratio remained below IINX average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within IT Infrastructure industry 65 other companies have achieved higher Quick Ratio than Ionix Technology. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2021 from 5887 to 6014.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the IT Infrastructure Industry	# 66
Technology Sector	# 886
Within the Market	# 6014

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.3	0.14	0.07
(Mar 31 2018)		(Jun 30 2019)

Companies with similar Quick Ratio in the quarter ending Mar 31 2022, within IT Infrastructure Industry	Quick Ratio	Mar 31 2022 MRQ Cash & cash equivalent	Mar 31 2022 MRQ Current Liabilities
Radnostix Inc	0.37	$ 3.137 Millions	$ 8.556 Millions
Ametek Inc	0.36	$ 340.304 Millions	$ 936.772 Millions
Vertiv Holdings Co	0.30	$ 288.500 Millions	$ 959.700 Millions
Snap One Holdings Corp	0.27	$ 25.055 Millions	$ 93.050 Millions
Fortive Corporation	0.27	$ 684.300 Millions	$ 2,561.600 Millions
R F Industries Ltd	0.26	$ 3.752 Millions	$ 14.602 Millions
Allient Inc	0.21	$ 16.919 Millions	$ 78.767 Millions
Sypris Solutions Inc	0.20	$ 7.519 Millions	$ 37.323 Millions
Park ohio Holdings Corp	0.20	$ 52.600 Millions	$ 263.500 Millions
Ionix Technology Inc.	0.14	$ 1.141 Millions	$ 8.351 Millions
Crawford United Corp	0.13	$ 3.398 Millions	$ 27.017 Millions
Ostin Technology Group Co Ltd	0.12	$ 3.656 Millions	$ 31.506 Millions
Mks Inc	0.11	$ 42.000 Millions	$ 384.000 Millions
Materion Corporation	0.10	$ 20.237 Millions	$ 201.461 Millions
King Resources, Inc.	0.09	$ 0.015 Millions	$ 0.165 Millions
Nortech Systems Incorporated	0.07	$ 1.617 Millions	$ 24.713 Millions
Video Display Corporation	0.06	$ 0.245 Millions	$ 4.154 Millions
Transcat Inc	0.05	$ 1.396 Millions	$ 27.710 Millions
Hypha Labs Inc	0.05	$ 0.154 Millions	$ 3.068 Millions

Date modified: 2026-09-08T15:10:38+00:00

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