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Sono Tek Corp (NASDAQ: SOTK) |
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Sono Tek's Quick Ratio
SOTK's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth
In the wake of the increase in Current Liabilities in the third quarter 2024, Quick Ratio fell to 1.92 below Sono Tek Corp average.
Within Industrial Machinery and Components industry Sono Tek Corp booked the highest Quick Ratio than Sono Tek in the third quarter 2024. While Quick Ratio total ranking has improved so far during the Q3 2024 to 12, from total ranking in the second quarter 2024 at 21.
Explain Quick Ratio?
How much Cash & cash equivalents SOTK´s has?
What are SOTK´s Current Liabilities?
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Select the Comparisons :
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Select the Ratio:
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| SOTK Quick Ratio |
(Nov 30 2024)
Q3 |
(Aug 31 2024)
Q2 |
(May 31 2024)
Q1 |
(Feb 29 2024)
Q4 |
(Nov 30 2023)
Q3 |
| Y / Y Current Liabilities Change |
90.59 % |
89.82 % |
8.86 % |
21.36 % |
-27.64 % |
| Y / Y Cash & cash equivalent Change |
0.71 % |
-5.66 % |
0.08 % |
3.51 % |
11.93 % |
| Quick Ratio MRQ |
1.92 |
2.09 |
1.82 |
1.79 |
3.63 |
| SOTK's Total
Ranking |
# 12 |
# 21 |
# 17 |
# 812 |
# 554 |
| Seq. Current Liabilities Change |
19.11 % |
-16.95 % |
1.01 % |
90.74 % |
18.63 % |
| Seq. Cash & cash equivalent Change |
9.14 % |
-4.38 % |
2.58 % |
-5.92 % |
2.23 % |
| Quick Ratio third quarter 2024 Company Ranking |
| Within: |
No. |
| Industrial Machinery and Components Industry |
# 1 |
| Capital Goods Sector |
# 3 |
| Overall Market |
# 12 |
| Quick Ratio Statistics |
| High |
Average |
Low |
| 4.21 |
2.32 |
1.57 |
| (Aug 31 2023) |
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(Nov 30 2019) |
Cumulative Sono Tek's Quick Ratio
SOTK's Quick Ratio for the trailling 12 Months
SOTK Quick Ratio |
(Nov 30 2024)
12 Months |
(Aug 31 2024)
12 Months |
(May 31 2024)
12 Months |
(Feb 29 2024)
12 Months |
(Nov 30 2023)
12 Months |
| Y / Y Current Liabilities TTM Growth |
90.59 % |
89.82 % |
8.86 % |
21.36 % |
-27.64 % |
| Y / Y Cash & cash equivalent TTM Growth |
0.71 % |
-5.66 % |
0.08 % |
3.51 % |
11.93 % |
| Quick Ratio TTM |
1.89 |
2.16 |
2.48 |
2.55 |
2.69 |
| Total
Ranking TTM |
# 79
| # 13
| # 60
| # 627
| # 10
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| Seq. Current Liabilities TTM Growth |
19.11 % |
-16.95 % |
1.01 % |
90.74 % |
18.63 % |
| Seq. Cash & cash equivalent TTM Growth |
9.14 % |
-4.38 % |
2.58 % |
-5.92 % |
2.23 % |
On the trailing twelve months basis Due to increase in Current Liabilities in the Q3 2024 to $6.62 millions, cumulative Quick Ratio decreased to 1.89 below the Sono Tek Corp average Quick Ratio. Quick Ratio is the average cumulative value over the last four quarters.
Among companies operating within Industrial Machinery and Components industry 3 other companies have achieved higher Quick Ratio than Sono Tek. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2024 from 13 to 79.
Explain Quick Ratio?
How much Cash & cash equivalents SOTK´s has?
What are SOTK´s Current Liabilities?
| TTM Quick Ratio Company Ranking |
| Within: |
No. |
| Within the Industrial Machinery and Components Industry |
# 4 |
| Capital Goods Sector |
# 8 |
| Within the Market |
# 79 |
| trailing twelve months Quick Ratio Statistics |
| High |
Average |
Low |
| 3 |
2.26 |
1.75 |
| (Feb 28 2017) |
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(Feb 29 2020) |
| Companies with similar Quick Ratio in the quarter ending Nov 30 2024, within Industrial Machinery and Components Industry | Quick Ratio | Nov 30 2024 MRQ Cash & cash equivalent | Nov 30 2024 MRQ Current Liabilities | | Taylor Devices Inc | 3.77 | $ 26.602 Millions | $ 7.063 Millions | | Sono Tek Corp | 1.92 | $ 12.681 Millions | $ 6.619 Millions | | Lindsay Corporation | 1.49 | $ 194.066 Millions | $ 129.849 Millions | | Enerpac Tool Group Corp | 1.09 | $ 130.733 Millions | $ 119.942 Millions | | Greystone Logistics Inc | 0.74 | $ 4.891 Millions | $ 6.642 Millions |
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Date modified: 2025-01-13T17:57:14+00:00
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