In the wake of the increase in Current Liabilities in the fourth quarter 2023, Quick Ratio fell to 0.04 a new company low.

Within Consumer Electronics industry 53 other companies have achieved higher Quick Ratio than Sonic Foundry Inc in fourth quarter 2023. While Quick Ratio total ranking in the fourth quarter 2023 has deteriorated compared to the prior quarter from 2417 to 4715.

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SOFO Quick Ratio	(Sep 30 2023) Q4	(Jun 30 2023) Q3	(Mar 31 2023) Q2	(Dec 31 2022) Q1	(Sep 30 2022) Q4
Y / Y Current Liabilities Change	51.76 %	39.94 %	33.36 %	16.61 %	-1.93 %
Y / Y Cash & cash equivalent Change	-74.54 %	-51.77 %	-38.74 %	22.39 %	-66.97 %
Quick Ratio MRQ	0.04	0.12	0.17	0.53	0.24
SOFO's Total Ranking	# 4715	# 2417	# 2590	# 442	# 3472
Seq. Current Liabilities Change	21.45 %	7.86 %	5.02 %	10.32 %	11.99 %
Seq. Cash & cash equivalent Change	-60.78 %	-20.73 %	-66.14 %	141.92 %	-25.71 %

Quick Ratio fourth quarter 2023 Company Ranking
Within:	No.
Consumer Electronics Industry	# 54
Technology Sector	# 734
Overall Market	# 4715

Quick Ratio Statistics
High	Average	Low
0.71	0.27	0.04
(Sep 30 2021)		(Sep 30 2023)

Financial Statements
Sonic Foundry Inc's Current Liabilities	$ 21 Millions	Visit SOFO's Balance sheet
Sonic Foundry Inc's Cash & cash equivalent	$ 1 Millions	Visit SOFO's Balance sheet
Source of SOFO's Sales		Visit SOFO's Sales by Geography

Cumulative Sonic Foundry Inc's Quick Ratio

SOFO's Quick Ratio for the trailling 12 Months

SOFO Quick Ratio	(Sep 30 2023) 12 Months	(Jun 30 2023) 12 Months	(Mar 31 2023) 12 Months	(Dec 31 2022) 12 Months	(Sep 30 2022) 12 Months
Y / Y Current Liabilities TTM Growth	35.63 %	21.03 %	11.43 %	0.31 %	-7.16 %
Y / Y Cash & cash equivalent TTM Growth	-26.82 %	-36.42 %	-30.13 %	-26.47 %	-30.08 %
Quick Ratio TTM	0.2	0.26	0.32	0.38	0.37
Total Ranking TTM	# 4050	# 4032	# 4139	# 4013	# 4012
Seq. Current Liabilities TTM Growth	11.47 %	8.58 %	7.5 %	4.24 %	-0.53 %
Seq. Cash & cash equivalent TTM Growth	-15.25 %	-12.48 %	-8.49 %	7.82 %	-26.38 %

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

On the trailing twelve months basis Due to growth in Current Liabilities in the Q4 2023 to $20.86 millions, cumulative Quick Ratio decreased to 0.2 below the Sonic Foundry Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Consumer Electronics industry 50 other companies have achieved higher Quick Ratio than Sonic Foundry Inc. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 4032 to 4050.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Consumer Electronics Industry	# 51
Technology Sector	# 687
Within the Market	# 4050

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.52	0.24	0.06
(Dec 31 2021)		(Sep 30 2017)

Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Consumer Electronics Industry	Quick Ratio	Sep 30 2023 MRQ Cash & cash equivalent	Sep 30 2023 MRQ Current Liabilities
Kustom Entertainment Inc	0.09	$ 2.208 Millions	$ 24.147 Millions
Comtech Telecommunications Corp	0.05	$ 18.116 Millions	$ 342.512 Millions
Airspan Networks Holdings Inc	0.05	$ 8.173 Millions	$ 172.336 Millions
Sonic Foundry Inc	0.04	$ 0.840 Millions	$ 20.861 Millions
Fiee Inc	0.03	$ 0.466 Millions	$ 14.398 Millions
Metalert Inc	0.03	$ 0.107 Millions	$ 4.161 Millions
Dzs Inc	0.02	$ 3.042 Millions	$ 167.711 Millions
Hawkeye Systems Inc	0.01	$ 0.050 Millions	$ 3.706 Millions

Date modified: 2026-09-08T15:11:08+00:00

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