Regardless of the sequential decrease in Current Liabilities, during the first quarter 2024, Quick Ratio deteriorated to 0.34 below Meta Materials Inc 's average Quick Ratio.

Within Semiconductors industry 88 other companies have achieved higher Quick Ratio than Meta Materials Inc in first quarter 2024. While Quick Ratio total ranking in the first quarter 2024 has deteriorated compared to the prior quarter from 2475 to 3221.

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MMAT Quick Ratio	(Mar 31 2024) Q1	(Dec 31 2023) Q4	(Sep 30 2023) Q3	(Jun 30 2023) Q2	(Mar 31 2023) Q1
Y / Y Current Liabilities Change	-1.94 %	137.7 %	-80.91 %	-80.62 %	-77.62 %
Y / Y Cash & cash equivalent Change	6.02 %	-3.64 %	-71.09 %	-74.55 %	-79.72 %
Quick Ratio MRQ	0.34	0.41	0.55	0.83	0.32
MMAT's Total Ranking	# 3221	# 2475	# 1927	# 1373	# 2653
Seq. Current Liabilities Change	-21.21 %	41.12 %	-0.31 %	-11.53 %	90.98 %
Seq. Cash & cash equivalent Change	-34.22 %	5.81 %	-34.15 %	131.32 %	-40.21 %

Quick Ratio first quarter 2024 Company Ranking
Within:	No.
Semiconductors Industry	# 89
Technology Sector	# 581
Overall Market	# 3221

Quick Ratio Statistics
High	Average	Low
19.07	0.73	0
(Mar 31 2021)		(Sep 30 2012)

Financial Statements
Meta Materials Inc 's Current Liabilities	$ 19 Millions	Visit MMAT's Balance sheet
Meta Materials Inc 's Cash & cash equivalent	$ 6 Millions	Visit MMAT's Balance sheet
Source of MMAT's Sales		Visit MMAT's Sales by Geography

Cumulative Meta Materials Inc 's Quick Ratio

MMAT's Quick Ratio for the trailling 12 Months

MMAT Quick Ratio	(Mar 31 2024) 12 Months	(Dec 31 2023) 12 Months	(Sep 30 2023) 12 Months	(Jun 30 2023) 12 Months	(Mar 31 2023) 12 Months
Y / Y Current Liabilities TTM Growth	-62.72 %	-71.71 %	-82.28 %	-62.12 %	-42.41 %
Y / Y Cash & cash equivalent TTM Growth	-61.78 %	-69.24 %	-76.33 %	-77.49 %	-72.58 %
Quick Ratio TTM	0.52	0.51	0.63	0.46	0.51
Total Ranking TTM	# 3716	# 3704	# 3702	# 2509	# 3124
Seq. Current Liabilities TTM Growth	-0.48 %	21.91 %	-53.19 %	-34.36 %	-24.46 %
Seq. Cash & cash equivalent TTM Growth	0.93 %	-0.93 %	-36.53 %	-39.78 %	-18.75 %

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

On the trailing twelve months basis MMAT Cash & cash equivalent improved by 6.02 % in Q1 2024 year on year, while Current Liabilities faded to $19 millions, this led to increase in in Meta Materials Inc 's Quick Ratio to 0.52, above MMAT average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Semiconductors industry 85 other companies have achieved higher Quick Ratio than Meta Materials Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the fourth quarter 2023 from 3704 to 3716.

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How much Cash & cash equivalents MMAT�s has?
What are MMAT�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Semiconductors Industry	# 86
Technology Sector	# 626
Within the Market	# 3716

trailing twelve months Quick Ratio Statistics
High	Average	Low
1.73	0.4	0.01
(Sep 30 2021)		(Sep 30 2020)

Companies with similar Quick Ratio in the quarter ending Mar 31 2024, within Semiconductors Industry	Quick Ratio	Mar 31 2024 MRQ Cash & cash equivalent	Mar 31 2024 MRQ Current Liabilities
Supercom Ltd	0.94	$ 3.538 Millions	$ 3.747 Millions
Ultra Clean Holdings Inc	0.94	$ 293.000 Millions	$ 311.100 Millions
Advanced Micro Devices Inc	0.93	$ 6,035.000 Millions	$ 6,474.000 Millions
Indie Semiconductor Inc	0.92	$ 138.174 Millions	$ 149.578 Millions
Maxlinear Inc	0.86	$ 192.910 Millions	$ 223.854 Millions
Qorvo Inc	0.83	$ 1,029.258 Millions	$ 1,235.387 Millions
Ttm Technologies Inc	0.80	$ 440.388 Millions	$ 553.826 Millions
Poet Technologies Inc	0.77	$ 37.144 Millions	$ 48.337 Millions
Solaredge Technologies Inc	0.75	$ 680.636 Millions	$ 906.390 Millions
Globalfoundries Inc	0.74	$ 2,247.000 Millions	$ 3,044.000 Millions
Diodes Inc	0.73	$ 275.984 Millions	$ 377.279 Millions
Analog Devices Inc	0.72	$ 2,363.812 Millions	$ 3,297.322 Millions
Datavault Ai Inc	0.64	$ 2.763 Millions	$ 4.345 Millions
Benchmark Electronics Inc	0.62	$ 296.055 Millions	$ 478.666 Millions
Marvell Technology Inc	0.58	$ 847.700 Millions	$ 1,467.700 Millions
Semtech Corp	0.56	$ 126.777 Millions	$ 224.891 Millions
Peraso Inc	0.55	$ 2.435 Millions	$ 4.407 Millions
Netlist Inc	0.55	$ 28.736 Millions	$ 52.567 Millions
Emcore Corporation	0.53	$ 11.990 Millions	$ 22.543 Millions
Intel Corporation	0.53	$ 14,388.000 Millions	$ 27,213.000 Millions
Jinkosolar Holding Co ltd	0.53	$ 3,927.267 Millions	$ 7,464.284 Millions
Kopin Corporation	0.50	$ 21.060 Millions	$ 42.510 Millions
Arteris Inc	0.49	$ 26.119 Millions	$ 53.316 Millions
Broadcom Inc	0.49	$ 9,809.000 Millions	$ 20,171.000 Millions
Ftc Solar Inc	0.46	$ 14.041 Millions	$ 30.417 Millions
Axt Inc	0.46	$ 27.460 Millions	$ 59.805 Millions
Flex Ltd	0.42	$ 2,474.000 Millions	$ 5,924.000 Millions
Canadian Solar inc	0.42	$ 2,252.874 Millions	$ 5,418.910 Millions
Lightpath Technologies Inc	0.39	$ 3.009 Millions	$ 7.748 Millions
Sanmina Corporation	0.35	$ 650.858 Millions	$ 1,847.756 Millions

Date modified: 2026-09-08T15:11:21+00:00

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