In the wake of the increase in Current Liabilities in the fourth quarter 2023, Quick Ratio fell to 0.02 below Toughbuilt Industries Inc average.

Within Miscellaneous Manufacturing industry 35 other companies have achieved higher Quick Ratio than Toughbuilt Industries Inc in fourth quarter 2023. While Quick Ratio total ranking in the fourth quarter 2023 has deteriorated compared to the prior quarter from 4770 to 5340.

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TBLT Quick Ratio	(Dec 31 2023) Q4	(Sep 30 2023) Q3	(Jun 30 2023) Q2	(Mar 31 2023) Q1	(Dec 31 2022) Q4
Y / Y Current Liabilities Change	21.14 %	44.29 %	51.8 %	86.16 %	135.69 %
Y / Y Cash & cash equivalent Change	-55.05 %	15.48 %	2.97 %	151.62 %	-65.68 %
Quick Ratio MRQ	0.02	0.03	0.04	0.04	0.05
TBLT's Total Ranking	# 5340	# 4770	# 4604	# 3989	# 4696
Seq. Current Liabilities Change	5.86 %	-0.88 %	8.84 %	6.07 %	26.08 %
Seq. Cash & cash equivalent Change	-37.17 %	-16.87 %	-6.39 %	-8.07 %	61.43 %

Quick Ratio fourth quarter 2023 Company Ranking
Within:	No.
Miscellaneous Manufacturing Industry	# 36
Capital Goods Sector	# 308
Overall Market	# 5340

Quick Ratio Statistics
High	Average	Low
4.44	0.68	0
(Mar 31 2021)		(Dec 31 2019)

Financial Statements
Toughbuilt Industries Inc 's Current Liabilities	$ 60 Millions	Visit TBLT's Balance sheet
Toughbuilt Industries Inc 's Cash & cash equivalent	$ 1 Millions	Visit TBLT's Balance sheet
Source of TBLT's Sales		Visit TBLT's Sales by Geography

Cumulative Toughbuilt Industries Inc 's Quick Ratio

TBLT's Quick Ratio for the trailling 12 Months

TBLT Quick Ratio	(Dec 31 2023) 12 Months	(Sep 30 2023) 12 Months	(Jun 30 2023) 12 Months	(Mar 31 2023) 12 Months	(Dec 31 2022) 12 Months
Y / Y Current Liabilities TTM Growth	46.34 %	71.11 %	89.05 %	132.21 %	175.4 %
Y / Y Cash & cash equivalent TTM Growth	4.4 %	-26.18 %	-79.12 %	-85.54 %	-92.09 %
Quick Ratio TTM	0.03	0.04	0.04	0.05	0.05
Total Ranking TTM	# 4480	# 4075	# 4066	# 3221	# 3952
Seq. Current Liabilities TTM Growth	4.85 %	8.76 %	10.9 %	15.72 %	22.6 %
Seq. Cash & cash equivalent TTM Growth	-15.75 %	2.82 %	0.73 %	19.64 %	-40.43 %

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

On the trailing twelve months basis Due to rise in Current Liabilities in the Q4 2023 to $60.12 millions, cumulative Quick Ratio decreased to 0.03 below the Toughbuilt Industries Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Miscellaneous Manufacturing industry 39 other companies have achieved higher Quick Ratio than Toughbuilt Industries Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 4075 to 4480.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Miscellaneous Manufacturing Industry	# 40
Capital Goods Sector	# 276
Within the Market	# 4480

trailing twelve months Quick Ratio Statistics
High	Average	Low
2.14	0.65	0.04
(Mar 31 2021)		(Sep 30 2023)

Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Miscellaneous Manufacturing Industry	Quick Ratio	Dec 31 2023 MRQ Cash & cash equivalent	Dec 31 2023 MRQ Current Liabilities
Servotronics Inc	0.02	$ 0.245 Millions	$ 10.937 Millions
Toughbuilt Industries Inc	0.02	$ 1.153 Millions	$ 60.124 Millions
Trans lux Corporation	0.01	$ 0.185 Millions	$ 18.901 Millions
Basanite Inc	0.01	$ 0.055 Millions	$ 7.666 Millions
Smartmetric Inc	0.00	$ 0.012 Millions	$ 2.672 Millions

Date modified: 2026-09-02T17:55:37+00:00

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