Newater Technology Inc Quick Ratio (NEWA) starting from the fourth quarter 2020 to fourth quarter 2019, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Newater Technology Inc   (NEWA)
    Sector • Services    Industry • Professional Services
   Industry • Professional Services
   Sector • Services

Newater Technology Inc 's Quick Ratio

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


Newater Technology Inc 's Cash & cash equivalent grew by 144.28 % in the Q4 2020 sequentially, while Current Liabilities decreased, this led to improvement in Newater Technology Inc 's Quick Ratio to 0.22, above Newater Technology Inc average Quick Ratio.

Within Professional Services industry 141 other companies have achieved higher Quick Ratio than Newater Technology Inc in fourth quarter 2020. While Quick Ratio total ranking in the fourth quarter 2020 has deteriorated compared to the prior quarter from 4273 to 4294.

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



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NEWA Quick Ratio (Dec 31 2020)
Q4		 0
Q3		 0
Q2		 0
Q1		 (Dec 31 2019)
Q4
Y / Y Current Liabilities Change 8.4 % 13.84 % 19.79 % 19.79 % 93.18 %
Y / Y Cash & cash equivalent Change -27.28 % -55.13 % -55.13 % -55.13 % 101.87 %
Quick Ratio MRQ 0.22 0.09 0.08 0.08 0.33
NEWA's Total Ranking # 4294 # 4273 # 4267 # 4279 # 3680
Seq. Current Liabilities Change -4.09 % -4.97 % 0 % 18.92 % 0.73 %
Seq. Cash & cash equivalent Change 144.28 % 0 % 0 % -70.23 % 50.74 %



Quick Ratio fourth quarter 2020 Company Ranking
Within: No.
Professional Services Industry # 142
Services Sector # 568
Overall Market # 4294


Quick Ratio Statistics
High Average Low
0.41 0.2 0.08
(Dec 31 2017)   (Dec 31 2020)




Financial Statements
Newater Technology Inc 's Current Liabilities $ 49 Millions Visit NEWA's Balance sheet
Newater Technology Inc 's Cash & cash equivalent $ 11 Millions Visit NEWA's Balance sheet
Source of NEWA's Sales Visit NEWA's Sales by Geography


Cumulative Newater Technology Inc 's Quick Ratio

NEWA's Quick Ratio for the trailling 12 Months

NEWA Quick Ratio

 (Dec 31 2020)
12 Months		 0
12 Months		 0
12 Months		 0
12 Months		 (Dec 31 2019)
12 Months
Y / Y Current Liabilities TTM Growth 15.44 % 28.97 % 38.62 % 48.53 % 61.18 %
Y / Y Cash & cash equivalent TTM Growth -45.81 % -23.84 % 13.71 % 76.48 % 202.66 %
Quick Ratio TTM 0.12 0.14 0.17 0.21 0.25
Total Ranking TTM # 4843 # 4811 # 4845 # 4833 # 4838
Seq. Current Liabilities TTM Growth 1.86 % 3.14 % 4.71 % 4.94 % 13.8 %
Seq. Cash & cash equivalent TTM Growth -14.41 % -16.19 % -13.93 % -12.23 % 20.3 %

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

On the trailing twelve months basis Due to decrease in Current Liabilities in the Q4 2020 to $49.47 millions, cumulative Quick Ratio decreased to 0.12 below the Newater Technology Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Professional Services industry 157 other companies have achieved higher Quick Ratio than Newater Technology Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2020 from 4811 to 4843.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Professional Services Industry # 158
Services Sector # 663
Within the Market # 4843


trailing twelve months Quick Ratio Statistics
High Average Low
0.41 0.19 0.08
(Dec 31 2017)   (Dec 31 2018)




Companies with similar Quick Ratio in the quarter ending Dec 31 2020, within Professional Services Industry Quick RatioDec 31 2020 MRQ Cash & cash equivalentDec 31 2020 MRQ Current Liabilities
Sunrise Real Estate Group Inc  0.60 $ 121.433  Millions$ 203.060  Millions
Robert Half Inc   0.59 $ 574.426  Millions$ 973.792  Millions
Nv5 Global Inc   0.58 $ 64.909  Millions$ 112.246  Millions
Ttec Holdings Inc   0.56 $ 132.914  Millions$ 237.825  Millions
Digital Media Solutions Inc   0.55 $ 31.397  Millions$ 56.967  Millions
Corpay Inc  0.52 $ 1,476.619  Millions$ 2,828.738  Millions
Paypal Holdings Inc   0.50 $ 19,785.000  Millions$ 39,797.000  Millions
Barrett Business Services Inc   0.50 $ 266.923  Millions$ 539.068  Millions
Molecular Data Inc   0.48 $ 53.233  Millions$ 110.403  Millions
Evergreen Sustainable Enterprises Inc   0.46 $ 2.776  Millions$ 5.986  Millions
Data Call Technologies Inc   0.46 $ 0.028  Millions$ 0.061  Millions
Nielsen Holdings Plc  0.45 $ 500.000  Millions$ 1,099.000  Millions
Steel Connect Inc   0.43 $ 87.649  Millions$ 203.455  Millions
Global Payments Inc   0.42 $ 1,945.868  Millions$ 4,588.499  Millions
Volt Information Sciences Inc   0.42 $ 40.062  Millions$ 95.996  Millions
Society Pass Incorporated  0.41 $ 0.507  Millions$ 1.240  Millions
Conduent Inc  0.40 $ 450.000  Millions$ 1,115.000  Millions
I3 Verticals Inc   0.40 $ 15.568  Millions$ 38.895  Millions
Broadridge Financial Solutions Inc   0.39 $ 476.600  Millions$ 1,229.800  Millions
Tabula Rasa Healthcare inc   0.38 $ 27.701  Millions$ 72.220  Millions
Fair Isaac Corp  0.38 $ 157.394  Millions$ 414.511  Millions
Manpowergroup Inc   0.37 $ 1,567.100  Millions$ 4,194.600  Millions
Spar Group Inc   0.37 $ 15.972  Millions$ 42.905  Millions
Cardtronics Plc  0.37 $ 174.242  Millions$ 473.326  Millions
Rimini Street Inc   0.37 $ 87.575  Millions$ 239.348  Millions
Ucommune International Ltd  0.36 $ 60.655  Millions$ 166.931  Millions
Advantage Solutions Inc   0.35 $ 204.301  Millions$ 575.687  Millions
Brookfield Corporation  0.35 $ 12,292.000  Millions$ 34,934.000  Millions
Headhunter Group Plc  0.34 $ 45.189  Millions$ 134.790  Millions
Donnelley Financial Solutions Inc   0.33 $ 73.600  Millions$ 220.100  Millions

Date modified: 2026-09-02T16:58:54+00:00



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