Current Liabilities decreased faster than Ossen Innovation Co Ltd 's Cash & cash equivalent, this led to improvement in Ossen Innovation Co Ltd 's Quick Ratio to 0.49, above Ossen Innovation Co Ltd average Quick Ratio.

Within Iron & Steel industry 19 other companies have achieved higher Quick Ratio than Ossen Innovation Co Ltd in fourth quarter 2020. While Quick Ratio total ranking has improved so far during the Q4 2020 to 3601, from total ranking in the third quarter 2020 at 3606.

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OSN Quick Ratio	(Dec 31 2020) Q4	0 Q3	0 Q2	0 Q1	(Dec 31 2019) Q4
Y / Y Current Liabilities Change	-27.48 %	-7.64 %	-7.64 %	-7.64 %	19.47 %
Y / Y Cash & cash equivalent Change	7.07 %	7.07 %	7.07 %	7.07 %	14.47 %
Quick Ratio MRQ	0.49	0.24	0.24	0.24	0.33
OSN's Total Ranking	# 3601	# 3606	# 3609	# 3611	# 3503
Seq. Current Liabilities Change	-49.97 %	0 %	0 %	44.96 %	-36.28 %
Seq. Cash & cash equivalent Change	0 %	0 %	0 %	7.07 %	0 %

Quick Ratio fourth quarter 2020 Company Ranking
Within:	No.
Iron & Steel Industry	# 20
Basic Materials Sector	# 220
Overall Market	# 3601

Quick Ratio Statistics
High	Average	Low
0.39	0.26	0.19
(Dec 31 2013)		(Dec 31 2015)

Financial Statements
Ossen Innovation Co Ltd 's Current Liabilities	$ 19 Millions	Visit OSN's Balance sheet
Ossen Innovation Co Ltd 's Cash & cash equivalent	$ 9 Millions	Visit OSN's Balance sheet
Source of OSN's Sales		Visit OSN's Sales by Geography

Cumulative Ossen Innovation Co Ltd 's Quick Ratio

OSN's Quick Ratio for the trailling 12 Months

OSN 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	-11.11 %	-3.54 %	1.35 %	6.52 %	11.99 %
Y / Y Cash & cash equivalent TTM Growth	7.07 %	8.74 %	10.52 %	12.42 %	14.47 %
Quick Ratio TTM	0.28	0.26	0.25	0.24	0.23
Total Ranking TTM	# 4846	# 4815	# 4807	# 4758	# 4821
Seq. Current Liabilities TTM Growth	-5.14 %	-2.19 %	-2.14 %	-2.1 %	2.94 %
Seq. Cash & cash equivalent TTM Growth	1.68 %	1.71 %	1.74 %	1.77 %	3.26 %

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

On the trailing twelve months basis OSN Cash & cash equivalent improved by 7.07 % in Q4 2020 year on year, while Current Liabilities dropped to $19 millions, this led to increase in in Ossen Innovation Co Ltd 's Quick Ratio to 0.28, above OSN average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Iron & Steel industry 27 other companies have achieved higher Quick Ratio than Ossen Innovation Co Ltd . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2020 from 4815 to 4846.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Iron & Steel Industry	# 28
Basic Materials Sector	# 330
Within the Market	# 4846

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.37	0.24	0.18
0		(Dec 31 2018)

Companies with similar Quick Ratio in the quarter ending Dec 31 2020, within Iron & Steel Industry	Quick Ratio	Dec 31 2020 MRQ Cash & cash equivalent	Dec 31 2020 MRQ Current Liabilities
Steel Dynamics Inc	1.29	$ 1,368.618 Millions	$ 1,062.038 Millions
Insteel Industries Inc	1.28	$ 68.688 Millions	$ 53.678 Millions
Ati Inc	1.16	$ 645.900 Millions	$ 556.700 Millions
Nucor Corporation	1.14	$ 3,047.675 Millions	$ 2,675.825 Millions
Reliance Inc	1.11	$ 683.500 Millions	$ 614.000 Millions
Grupo Simec S a b De C v	1.04	$ 440.253 Millions	$ 423.626 Millions
United States Steel Corp	0.84	$ 1,985.000 Millions	$ 2,356.000 Millions
Commercial Metals Company	0.73	$ 542.103 Millions	$ 745.263 Millions
Nwpx Infrastructure Inc	0.66	$ 37.927 Millions	$ 57.345 Millions
Metallus Inc	0.57	$ 102.800 Millions	$ 181.000 Millions
Gerdau S a	0.49	$ 1,091.516 Millions	$ 2,210.868 Millions
Ossen Innovation Co Ltd	0.49	$ 9.210 Millions	$ 18.945 Millions
Tenaris Sa	0.44	$ 721.065 Millions	$ 1,628.580 Millions
Carpenter Technology Corporation	0.43	$ 193.100 Millions	$ 452.100 Millions
A M Castle and Co	0.40	$ 22.444 Millions	$ 55.921 Millions
Worthington Enterprises Inc	0.38	$ 147.198 Millions	$ 388.238 Millions
Titan International Inc	0.33	$ 117.431 Millions	$ 358.806 Millions
National Steel Co	0.32	$ 1,914.814 Millions	$ 5,996.765 Millions
Suncoke Energy Inc	0.30	$ 48.400 Millions	$ 158.900 Millions
Ternium S a	0.29	$ 537.882 Millions	$ 1,853.597 Millions
Posco Holdings Inc	0.28	$ 4,467.860 Millions	$ 16,006.661 Millions
Legato Merger Corp	0.23	$ 0.004 Millions	$ 0.017 Millions
Arcelormittal	0.23	$ 5,651.000 Millions	$ 25,054.000 Millions
Ryerson Holding Corporation	0.13	$ 61.400 Millions	$ 466.300 Millions
Gibraltar Industries Inc	0.12	$ 32.054 Millions	$ 267.538 Millions

Date modified: 2026-09-02T17:57:14+00:00

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