In the wake of the increase in Current Liabilities in the fourth quarter 2022, Quick Ratio fell to 0.28 a new company low.

Within IT Infrastructure industry 47 other companies have achieved higher Quick Ratio than Schmitt Industries Inc in fourth quarter 2022. While Quick Ratio total ranking in the fourth quarter 2022 has deteriorated compared to the prior quarter from 3208 to 4217.

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SMIT Quick Ratio	(May 31 2022) Q4	(Feb 28 2022) Q3	(Nov 30 2021) Q2	(Aug 31 2021) Q1	(May 31 2021) Q4
Y / Y Current Liabilities Change	45.37 %	29.44 %	55.81 %	91.96 %	206.51 %
Y / Y Cash & cash equivalent Change	-63.9 %	-27.47 %	-25.17 %	-63.94 %	-56 %
Quick Ratio MRQ	0.28	0.65	1.12	0.67	1.11
SMIT's Total Ranking	# 4217	# 3208	# 38	# 2715	# 2611
Seq. Current Liabilities Change	30.79 %	-5.5 %	-3.93 %	22.42 %	16.46 %
Seq. Cash & cash equivalent Change	-44.44 %	-45.22 %	60.23 %	-25.98 %	11.65 %

Quick Ratio fourth quarter 2022 Company Ranking
Within:	No.
IT Infrastructure Industry	# 48
Technology Sector	# 706
Overall Market	# 4217

Quick Ratio Statistics
High	Average	Low
11.43	1.74	0.28
(Nov 30 2019)		(May 31 2022)

Financial Statements
Schmitt Industries Inc 's Current Liabilities	$ 6 Millions	Visit SMIT's Balance sheet
Schmitt Industries Inc 's Cash & cash equivalent	$ 2 Millions	Visit SMIT's Balance sheet
Source of SMIT's Sales		Visit SMIT's Sales by Geography

Cumulative Schmitt Industries Inc 's Quick Ratio

SMIT's Quick Ratio for the trailling 12 Months

SMIT Quick Ratio	(May 31 2022) 12 Months	(Feb 28 2022) 12 Months	(Nov 30 2021) 12 Months	(Aug 31 2021) 12 Months	(May 31 2021) 12 Months
Y / Y Current Liabilities TTM Growth	52.72 %	75.04 %	114.54 %	156.8 %	178.57 %
Y / Y Cash & cash equivalent TTM Growth	-46.92 %	-47.46 %	-53.8 %	-55.09 %	-28.17 %
Quick Ratio TTM	0.66	0.88	1	1.22	1.9
Total Ranking TTM	# 5066	# 2387	# 1116	# 39	# 4658
Seq. Current Liabilities TTM Growth	10.06 %	5.94 %	10.98 %	18.04 %	26.14 %
Seq. Cash & cash equivalent TTM Growth	-17.87 %	-6.44 %	-9.45 %	-23.72 %	-18.7 %

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

On the trailing twelve months basis Due to growth in Current Liabilities in the Q4 2022 to $5.83 millions, cumulative Quick Ratio decreased to 0.66 below the Schmitt Industries Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within IT Infrastructure industry 59 other companies have achieved higher Quick Ratio than Schmitt Industries Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2022 from 2387 to 5066.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the IT Infrastructure Industry	# 60
Technology Sector	# 724
Within the Market	# 5066

trailing twelve months Quick Ratio Statistics
High	Average	Low
7.04	1.61	0.33
(May 31 2020)		(Nov 30 2017)

Companies with similar Quick Ratio in the quarter ending May 31 2022, within IT Infrastructure Industry	Quick Ratio	May 31 2022 MRQ Cash & cash equivalent	May 31 2022 MRQ Current Liabilities
Frequency Electronics Inc	0.74	$ 17.467 Millions	$ 23.498 Millions
King Resources, Inc.	0.69	$ 0.416 Millions	$ 0.601 Millions
Hubbell Inc	0.63	$ 438.100 Millions	$ 695.600 Millions
Cemtrex Inc	0.55	$ 13.242 Millions	$ 23.979 Millions
Mercury Systems Inc	0.52	$ 65.654 Millions	$ 125.129 Millions
Intest Corporation	0.52	$ 14.028 Millions	$ 26.896 Millions
Itron Inc	0.52	$ 208.500 Millions	$ 400.966 Millions
Hyperscale Data Inc	0.47	$ 26.067 Millions	$ 55.233 Millions
Crown Electrokinetics Corp	0.41	$ 0.984 Millions	$ 2.400 Millions
Radnostix Inc	0.40	$ 3.026 Millions	$ 7.630 Millions
Ametek Inc	0.36	$ 348.653 Millions	$ 956.640 Millions
Trimas Corporation	0.33	$ 49.090 Millions	$ 147.360 Millions
Allient Inc	0.31	$ 28.846 Millions	$ 93.424 Millions
R F Industries Ltd	0.30	$ 5.086 Millions	$ 16.963 Millions
Avax One Technology Ltd	0.30	$ 1.997 Millions	$ 6.745 Millions
Snap One Holdings Corp	0.30	$ 31.318 Millions	$ 105.889 Millions
Schmitt Industries Inc	0.28	$ 1.612 Millions	$ 5.828 Millions
Ostin Technology Group Co Ltd	0.27	$ 7.463 Millions	$ 27.315 Millions
Fortive Corporation	0.26	$ 682.900 Millions	$ 2,611.300 Millions
Vertiv Holdings Co	0.21	$ 194.400 Millions	$ 930.000 Millions
Park ohio Holdings Corp	0.20	$ 52.000 Millions	$ 262.100 Millions
Sypris Solutions Inc	0.19	$ 7.486 Millions	$ 38.901 Millions
Materion Corporation	0.15	$ 32.175 Millions	$ 210.225 Millions
Lg Display Co Ltd	0.13	$ 1,701.829 Millions	$ 12,984.214 Millions
Crawford United Corp	0.11	$ 3.151 Millions	$ 28.618 Millions
Gresham Worldwide Inc	0.09	$ 0.400 Millions	$ 4.552 Millions
Hypha Labs Inc	0.08	$ 0.250 Millions	$ 3.301 Millions

Date modified: 2026-09-08T15:10:43+00:00

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