In the wake of the increase in Current Liabilities in the third quarter 2024, Quick Ratio fell to 0.02 below Nano Magic Inc average.

Within Chemical Manufacturing industry 72 other companies have achieved higher Quick Ratio than Nano Magic Inc in third quarter 2024. While Quick Ratio total ranking in the third quarter 2024 has deteriorated compared to the prior quarter from 3084 to 4913.

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NMGX Quick Ratio	(Sep 30 2024) Q3	(Jun 30 2024) Q2	(Mar 31 2024) Q1	(Dec 31 2023) Q4	(Sep 30 2023) Q3
Y / Y Current Liabilities Change	25.33 %	27.85 %	5 %	8.02 %	33.66 %
Y / Y Cash & cash equivalent Change	-68.59 %	262.74 %	239.03 %	103.48 %	-40.29 %
Quick Ratio MRQ	0.02	0.04	0.12	0.42	0.08
NMGX's Total Ranking	# 4913	# 3084	# 3152	# 2594	# 3571
Seq. Current Liabilities Change	10.55 %	11.67 %	25.63 %	-19.19 %	12.77 %
Seq. Cash & cash equivalent Change	-46.17 %	-62 %	-64.14 %	328.23 %	521.68 %

Quick Ratio third quarter 2024 Company Ranking
Within:	No.
Chemical Manufacturing Industry	# 73
Basic Materials Sector	# 337
Overall Market	# 4913

Quick Ratio Statistics
High	Average	Low
4.81	0.46	0.01
(Sep 30 2011)

Financial Statements
Nano Magic Inc 's Current Liabilities	$ 2 Millions	Visit NMGX's Balance sheet
Nano Magic Inc 's Cash & cash equivalent	$ 0 Millions	Visit NMGX's Balance sheet
Source of NMGX's Sales		Visit NMGX's Sales by Geography

Cumulative Nano Magic Inc 's Quick Ratio

NMGX's Quick Ratio for the trailling 12 Months

NMGX Quick Ratio	(Sep 30 2024) 12 Months	(Jun 30 2024) 12 Months	(Mar 31 2024) 12 Months	(Dec 31 2023) 12 Months	(Sep 30 2023) 12 Months
Y / Y Current Liabilities TTM Growth	16.9 %	18.12 %	19.11 %	26.95 %	24.83 %
Y / Y Cash & cash equivalent TTM Growth	80.6 %	68.48 %	-5.94 %	-38.04 %	-60.72 %
Quick Ratio TTM	0.13	0.15	0.15	0.13	0.08
Total Ranking TTM	# 4137	# 2874	# 3607	# 3602	# 2707
Seq. Current Liabilities TTM Growth	6.4 %	6.66 %	1.32 %	1.67 %	7.52 %
Seq. Cash & cash equivalent TTM Growth	-9.27 %	6.06 %	18.36 %	58.57 %	-15.36 %

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

On the trailing twelve months basis Due to increase in Current Liabilities in the Q3 2024 to $1.93 millions, cumulative Quick Ratio decreased to 0.13 below the Nano Magic Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Chemical Manufacturing industry 74 other companies have achieved higher Quick Ratio than Nano Magic Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2024 from 2874 to 4137.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Chemical Manufacturing Industry	# 75
Basic Materials Sector	# 307
Within the Market	# 4137

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.82	0.2	0.04
(Dec 31 2021)		(Jun 30 2018)

Companies with similar Quick Ratio in the quarter ending Sep 30 2024, within Chemical Manufacturing Industry	Quick Ratio	Sep 30 2024 MRQ Cash & cash equivalent	Sep 30 2024 MRQ Current Liabilities
Tomi Environmental Solutions Inc	0.05	$ 0.097 Millions	$ 2.090 Millions
Nano Magic Inc	0.02	$ 0.039 Millions	$ 1.931 Millions
Azz Inc	0.01	$ 2.152 Millions	$ 210.556 Millions
Next chemx Corporation	0.01	$ 0.035 Millions	$ 5.038 Millions

Date modified: 2026-09-12T06:19:56+00:00

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