Rada Electronic Industries Ltd 's Cash & cash equivalent grew by 0.1 % in the Q4 2021 sequentially, while Current Liabilities decreased, this led to improvement in Rada Electronic Industries Ltd 's Quick Ratio to 3.06, above Rada Electronic Industries Ltd average Quick Ratio.

Within Electronic Parts & Equipment industry only one company has achieved higher Quick Ratio in fourth quarter 2021. While Quick Ratio total ranking has improved so far during the Q4 2021 to 1863, from total ranking in the third quarter 2021 at 1880.

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RADA Quick Ratio	(Dec 31 2021) Q4	0 Q3	0 Q2	0 Q1	(Dec 31 2020) Q4
Y / Y Current Liabilities Change	112.06 %	132.68 %	176.19 %	133.08 %	39.15 %
Y / Y Cash & cash equivalent Change	117.18 %	163.29 %	593.45 %	472.53 %	142.8 %
Quick Ratio MRQ	3.06	2.08	3.1	2.08	2.99
RADA's Total Ranking	# 1863	# 1880	# 1867	# 1867	#
Seq. Current Liabilities Change	-31.89 %	22.55 %	-18.4 %	211.37 %	-25.27 %
Seq. Cash & cash equivalent Change	0.1 %	-17.68 %	21.47 %	116.96 %	21.36 %

Quick Ratio fourth quarter 2021 Company Ranking
Within:	No.
Electronic Parts & Equipment Industry	# 2
Consumer Discretionary Sector	# 34
Overall Market	# 1863

Quick Ratio Statistics
High	Average	Low
2.08	0.99	0.14
(Dec 31 2021)		(Dec 31 2015)

Financial Statements
Rada Electronic Industries Ltd 's Current Liabilities	$ 26 Millions	Visit RADA's Balance sheet
Rada Electronic Industries Ltd 's Cash & cash equivalent	$ 79 Millions	Visit RADA's Balance sheet
Source of RADA's Sales		Visit RADA's Sales by Geography

Cumulative Rada Electronic Industries Ltd 's Quick Ratio

RADA's Quick Ratio for the trailling 12 Months

RADA Quick Ratio	(Dec 31 2021) 12 Months	0 12 Months	0 12 Months	0 12 Months	(Dec 31 2020) 12 Months
Y / Y Current Liabilities TTM Growth	137.02 %	126.5 %	85.43 %	80.52 %	48.43 %
Y / Y Cash & cash equivalent TTM Growth	254.1 %	299.76 %	327.73 %	150.86 %	33.28 %
Quick Ratio TTM	2.51	2.44	2.48	2.05	1.68
Total Ranking TTM	# 5608	# 5648	# 5714	# 5611	#
Seq. Current Liabilities TTM Growth	11.47 %	22.21 %	25.44 %	38.7 %	6.52 %
Seq. Cash & cash equivalent TTM Growth	14.69 %	20.3 %	51.57 %	69.32 %	29.48 %

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

On the trailing twelve months basis RADA Cash & cash equivalent more than doubled by 117.18 % in Q4 2021 year on year, faster than Current Liabilities, this led to increase in in Rada Electronic Industries Ltd 's Quick Ratio to 2.51, above RADA average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Electronic Parts & Equipment industry 14 other companies have achieved higher Quick Ratio than Rada Electronic Industries Ltd . While Quick Ratio overall ranking has improved so far to 5608, from total ranking during the twelve months ending third quarter 2021 at 5648.

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How much Cash & cash equivalents RADA�s has?
What are RADA�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Electronic Parts & Equipment Industry	# 15
Consumer Discretionary Sector	# 190
Within the Market	# 5608

trailing twelve months Quick Ratio Statistics
High	Average	Low
2.08	1.12	0.14
(Dec 31 2021)		(Dec 31 2015)

Companies with similar Quick Ratio in the quarter ending Dec 31 2021, within Electronic Parts & Equipment Industry	Quick Ratio	Dec 31 2021 MRQ Cash & cash equivalent	Dec 31 2021 MRQ Current Liabilities
Rada Electronic Industries Ltd	3.06	$ 78.827 Millions	$ 25.767 Millions
Taitron Components Inc	2.75	$ 7.540 Millions	$ 2.737 Millions
Richardson Electronics Ltd	1.39	$ 43.316 Millions	$ 31.161 Millions
Surge Components Inc	0.94	$ 6.512 Millions	$ 6.952 Millions

Date modified: 2023-03-22T15:39:24+00:00

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