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Ocean Power Technologies Inc   (OPTT)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities

Ocean Power Technologies Inc 's Quick Ratio

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


Regardless of the sequential decrease in Current Liabilities, during the third quarter 2023, Quick Ratio deteriorated to 1.29 below Ocean Power Technologies Inc 's average Quick Ratio.

Within Electric Utilities industry only one company has achieved higher Quick Ratio in third quarter 2023. While Quick Ratio total ranking has improved so far during the III Quarter 2023 to 745, from total ranking in the forth quarter 2023 at 811.

Explain Quick Ratio?
How much Cash & cash equivalents OPTTīs has?
What are OPTTīs Current Liabilities?


OPTT Quick Ratio (Jan 31 2024)
III. Quarter
(Apr 30 2023)
IV. Quarter
(Jan 31 2023)
III. Quarter
(Oct 31 2022)
II. Quarter
(Jul 31 2022)
I. Quarter
Y / Y Current Liabilities Change 118.68 % 165.51 % 13.03 % 89.73 % 21.3 %
Y / Y Cash & cash equivalent Change -82.47 % -39.46 % -35.5 % -36.81 % -33.22 %
Quick Ratio MRQ 1.29 4.39 8.62 10.26 16.13
OPTT's Total Ranking # 745 # 811 # 477 # #
Seq. Current Liabilities Change -11.03 % 66.6 % 6.13 % 39.01 % 8.03 %
Seq. Cash & cash equivalent Change -73.76 % -15.28 % -10.83 % -11.56 % -9.38 %



Quick Ratio third quarter 2023 Company Ranking
Within: No.
Electric Utilities Industry # 2
Utilities Sector # 3
Overall Market # 745


Quick Ratio Statistics
High Average Low
30.81 6.75 0.81
(Oct 31 2021)   (Jan 31 2019)




Financial Statements
Ocean Power Technologies Inc 's Current Liabilities $ 7 Millions Visit OPTT's Balance sheet
Ocean Power Technologies Inc 's Cash & cash equivalent $ 9 Millions Visit OPTT's Balance sheet
Source of OPTT's Sales Visit OPTT's Sales by Geography


Cumulative Ocean Power Technologies Inc 's Quick Ratio

OPTT's Quick Ratio for the trailling 12 Months

OPTT Quick Ratio

(Jan 31 2024)
III. Quarter
(Apr 30 2023)
IV. Quarter
(Jan 31 2023)
III. Quarter
(Oct 31 2022)
II. Quarter
(Jul 31 2022)
I. Quarter
Y / Y Current Liabilities TTM Growth 118.68 % 165.51 % 13.03 % 89.73 % 21.3 %
Y / Y Cash & cash equivalent TTM Growth -82.47 % -39.46 % -35.5 % -36.81 % -33.22 %
Quick Ratio TTM 5.41 8.52 12.72 14.7 19.23
Total Ranking TTM # 261 # # # 332 # 214
Seq. Current Liabilities TTM Growth -11.03 % 66.6 % 6.13 % 39.01 % 8.03 %
Seq. Cash & cash equivalent TTM Growth -73.76 % -15.28 % -10.83 % -11.56 % -9.38 %


On the trailing twelve months basis Due to fall in Current Liabilities in the III Quarter 2023 to $7.04 millions, cumulative Quick Ratio decreased to 5.41 below the Ocean Power Technologies Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Electric Utilities industry 34 other companies have achieved higher Quick Ratio than Ocean Power Technologies Inc . While Quick Ratio overall ranking has improved so far to 2991, from total ranking during the twelve months ending forth quarter 2023 at 3585.

Explain Quick Ratio?
How much Cash & cash equivalents OPTTīs has?
What are OPTTīs Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Electric Utilities Industry # 35
Utilities Sector # 68
Within the Market # 745


trailing twelve months Quick Ratio Statistics
High Average Low
24.06 6.94 1.57
(Oct 31 2021)   (Jan 31 2017)




Companies with similar Quick Ratio in the quarter ending Jan 31 2024, within Electric Utilities Industry Quick RatioJan 31 2024 MRQ Cash & cash equivalentJan 31 2024 MRQ Current Liabilities
Eco Wave Power Global Ab publ   2.01 $ 4.281  Millions$ 2.130  Millions
Spruce Power Holding Corporation  1.97 $ 141.354  Millions$ 71.712  Millions
Kenon Holdings Ltd  1.94 $ 696.838  Millions$ 358.799  Millions
Altus Power Inc   1.51 $ 160.817  Millions$ 106.510  Millions
Ocean Power Technologies Inc   1.29 $ 9.097  Millions$ 7.035  Millions
Genie Energy Ltd   1.21 $ 118.447  Millions$ 98.252  Millions
Clearway Energy Inc   1.16 $ 1,051.000  Millions$ 906.000  Millions
Ellomay Capital Ltd   0.77 $ 75.508  Millions$ 97.971  Millions
Otter Tail Corporation  0.74 $ 230.373  Millions$ 309.757  Millions
Heliogen Inc   0.74 $ 62.715  Millions$ 84.993  Millions
Enlight Renewable Energy Ltd   0.69 $ 403.805  Millions$ 583.292  Millions
Via Renewables Inc   0.62 $ 49.492  Millions$ 79.996  Millions
Energy Co Of Parana  0.61 $ 1,070.578  Millions$ 1,768.792  Millions
Ormat Technologies Inc   0.54 $ 287.770  Millions$ 537.012  Millions
Idacorp Inc   0.52 $ 327.429  Millions$ 634.076  Millions
Altc Acquisition Corp   0.47 $ 1.629  Millions$ 3.491  Millions
Nisource Inc   0.43 $ 2,245.400  Millions$ 5,265.100  Millions
Itc Holdings Corp   0.37 $ 328.000  Millions$ 897.000  Millions
Vistra Corp   0.36 $ 3,525.000  Millions$ 9,823.000  Millions
Brazilian Electric Power Co  0.27 $ 2,530.959  Millions$ 9,395.394  Millions

Date modified: 2024-03-17T12:49:23+00:00



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