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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?


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)   (Nov 30 2019)




Financial Statements
Sono Tek's Current Liabilities $ 7 Millions Visit SOTK's Balance sheet
Sono Tek's Cash & cash equivalent $ 13 Millions Visit SOTK's Balance sheet
Source of SOTK's Sales Visit SOTK's Sales by Geography


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
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)   (Feb 29 2020)




Companies with similar Quick Ratio in the quarter ending Nov 30 2024, within Industrial Machinery and Components Industry Quick RatioNov 30 2024 MRQ Cash & cash equivalentNov 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

Date modified: 2025-01-13T17:57:14+00:00



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