Mitel Networks's Cash & cash equivalent grew by 15.57 % in the Q3 2018 sequentially, faster than Current Liabilities, this led to improvement in Mitel Networks's Quick Ratio to 0.09, Quick Ratio remained below Mitel Networks Corp average.

Within Communications Equipment industry 17 other companies have achieved higher Quick Ratio than Mitel Networks in third quarter 2018. While Quick Ratio total ranking in the third quarter 2018 has deteriorated compared to the prior quarter from 1267 to 4105.

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

Select the Comparisons :

None ▼

Select the Ratio:

Quick Ratio ▼

None ▼

Quick Ratio ▼

Download as CSV

Commercial Data Licensing & OEM

Annual commercial subscriptions for corporate use, internal BI systems, management reporting, AI integration, and client-facing platforms

API & Data Feeds

Programmatic access to normalized fundamentals & ratios.

MITL Quick Ratio	(Sep 30 2018) Q3	(Jun 30 2018) Q2	(Mar 31 2018) Q1	(Dec 31 2017) Q4	(Sep 30 2017) Q3
Y / Y Current Liabilities Change	-13.25 %	31.28 %	42.4 %	16.62 %	31.9 %
Y / Y Cash & cash equivalent Change	-20.94 %	-25.39 %	-22.52 %	-57.88 %	-25.03 %
Quick Ratio MRQ	0.09	0.08	0.09	0.07	0.1
MITL's Total Ranking	# 4105	# 1267	# 1267	# 3562	# 3526
Seq. Current Liabilities Change	3.21 %	-3.18 %	-11.25 %	-2.17 %	56.18 %
Seq. Cash & cash equivalent Change	15.57 %	-13.27 %	6.85 %	-26.17 %	9.06 %

Quick Ratio third quarter 2018 Company Ranking
Within:	No.
Communications Equipment Industry	# 18
Technology Sector	# 637
Overall Market	# 4105

Quick Ratio Statistics
High	Average	Low
0.66	0.32	0.1
(Jan 31 2013)		(Dec 31 2017)

Financial Statements
Mitel Networks's Current Liabilities	$ 499 Millions	Visit MITL's Balance sheet
Mitel Networks's Cash & cash equivalent	$ 44 Millions	Visit MITL's Balance sheet
Source of MITL's Sales		Visit MITL's Sales by Geography

Cumulative Mitel Networks's Quick Ratio

MITL's Quick Ratio for the trailling 12 Months

MITL Quick Ratio	(Sep 30 2018) 12 Months	(Jun 30 2018) 12 Months	(Mar 31 2018) 12 Months	(Dec 31 2017) 12 Months	(Sep 30 2017) 12 Months
Y / Y Current Liabilities TTM Growth	15.08 %	29.51 %	14.99 %	0.86 %	1.24 %
Y / Y Cash & cash equivalent TTM Growth	-35.96 %	-36.05 %	-34.39 %	-36.25 %	-14.71 %
Quick Ratio TTM	0.08	0.08	0.1	0.11	0.15
Total Ranking TTM	# 4802	# 1248	# 3387	# 3109	# 4840
Seq. Current Liabilities TTM Growth	-3.59 %	5.74 %	8.01 %	4.51 %	8.49 %
Seq. Cash & cash equivalent TTM Growth	-6.52 %	-6.76 %	-6.24 %	-21.64 %	-6.65 %

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

On the trailing twelve months basis In spite of the year on year decrease in MITL's Current Liabilities to $499.00 millions, cumulative Quick Ratio to 0.08 below the MITL average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Communications Equipment industry 21 other companies have achieved higher Quick Ratio than Mitel Networks. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2018 from 1248 to 4802.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Communications Equipment Industry	# 22
Technology Sector	# 640
Within the Market	# 4802

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.58	0.29	0.1
(Jul 31 2013)		(Sep 30 2018)

Companies with similar Quick Ratio in the quarter ending Sep 30 2018, within Communications Equipment Industry	Quick Ratio	Sep 30 2018 MRQ Cash & cash equivalent	Sep 30 2018 MRQ Current Liabilities
Esco Technologies inc	0.15	$ 30.477 Millions	$ 200.530 Millions
Track Group Inc	0.13	$ 5.447 Millions	$ 43.289 Millions
Turtle Beach Corporation	0.09	$ 6.178 Millions	$ 68.567 Millions
Mitel Networks Corp	0.09	$ 43.800 Millions	$ 499.000 Millions
Onelife Technologies Corp	0.08	$ 0.281 Millions	$ 3.556 Millions
Optical Cable Corporation	0.05	$ 0.177 Millions	$ 3.719 Millions
Comsovereign Holding Corp	0.04	$ 0.179 Millions	$ 4.637 Millions
Alpine 4 Holdings Inc	0.02	$ 0.337 Millions	$ 15.677 Millions

Date modified: 2026-09-08T15:09:17+00:00

Help

About us

Products

Data downloads

API

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research.

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com

Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.