In the wake of the increase in Current Liabilities in the first quarter 2024, Quick Ratio fell to 0.75 a new company low.

Within Scientific & Technical Instruments industry 15 other companies have achieved higher Quick Ratio than Inrad Optics in first quarter 2024. While Quick Ratio total ranking in the first quarter 2024 has deteriorated compared to the prior quarter from to 2000.

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PHPG 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	309.63 %	12.86 %	44.65 %	-35.14 %	-48.55 %
Y / Y Cash & cash equivalent Change	25.15 %	48.41 %	67.3 %	-34.42 %	-47.33 %
Quick Ratio MRQ	0.75	1.86	2.71	2.98	2.45
PHPG's Total Ranking	# 2000	#	#	#	#
Seq. Current Liabilities Change	108.99 %	49.23 %	42.69 %	-7.95 %	-42.42 %
Seq. Cash & cash equivalent Change	-16.04 %	2.78 %	29.75 %	11.78 %	-0.43 %

Quick Ratio first quarter 2024 Company Ranking
Within:	No.
Scientific & Technical Instruments Industry	# 16
Technology Sector	# 378
Overall Market	# 2000

Quick Ratio Statistics
High	Average	Low
3.4	2.42	0.75
(Jun 30 2011)		(Mar 31 2024)

Financial Statements
Inrad Optics's Current Liabilities	$ 3 Millions	Visit PHPG's Balance sheet
Inrad Optics's Cash & cash equivalent	$ 2 Millions	Visit PHPG's Balance sheet
Source of PHPG's Sales		Visit PHPG's Sales by Geography

Cumulative Inrad Optics's Quick Ratio

PHPG's Quick Ratio for the trailling 12 Months

PHPG 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	63.72 %	-13.54 %	-14.61 %	-29.71 %	-0.24 %
Y / Y Cash & cash equivalent TTM Growth	16.05 %	-7.59 %	-30.9 %	-49.75 %	-26.59 %
Quick Ratio TTM	1.57	2.39	2.26	2.14	2.22
Total Ranking TTM	# 1173	#	#	#	#
Seq. Current Liabilities TTM Growth	59.61 %	4.49 %	8.88 %	-9.85 %	-15.71 %
Seq. Cash & cash equivalent TTM Growth	4.97 %	10.63 %	14.63 %	-12.82 %	-16.41 %

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

On the trailing twelve months basis Due to in Current Liabilities in the Q1 2024 to $3.33 millions, cumulative Quick Ratio decreased to 1.57 below the Inrad Optics, Inc. average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Scientific & Technical Instruments industry 5 other companies have achieved higher Quick Ratio than Inrad Optics. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the fourth quarter 2023 from to 1173.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Scientific & Technical Instruments Industry	# 6
Technology Sector	# 185
Within the Market	# 1173

trailing twelve months Quick Ratio Statistics
High	Average	Low
3	3	3
(Dec 31 2011)

Companies with similar Quick Ratio in the quarter ending Mar 31 2024, within Scientific & Technical Instruments Industry	Quick Ratio	Mar 31 2024 MRQ Cash & cash equivalent	Mar 31 2024 MRQ Current Liabilities
Birchtech Corp	2.06	$ 11.192 Millions	$ 5.434 Millions
Nova Ltd	1.54	$ 586.566 Millions	$ 381.061 Millions
Inrad Optics, Inc.	0.75	$ 2.497 Millions	$ 3.332 Millions
Coherent Corp	0.69	$ 898.578 Millions	$ 1,310.628 Millions
Owlet Inc	0.63	$ 18.397 Millions	$ 29.220 Millions
Thermo Fisher Scientific Inc	0.57	$ 7,250.000 Millions	$ 12,773.000 Millions
Mirion Technologies Inc	0.51	$ 120.200 Millions	$ 234.600 Millions
Kla Corporation	0.41	$ 1,848.167 Millions	$ 4,464.628 Millions
Trimble Inc	0.23	$ 255.100 Millions	$ 1,115.500 Millions
Syntec Optics Holdings Inc	0.17	$ 1.684 Millions	$ 9.814 Millions

Date modified: 2026-09-08T15:22:17+00:00

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