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NeoVolta Inc. designs, manufactures, and sells energy storage systems in the United States. The company provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through ba...
The following section summarizes insights on NeoVolta Inc's Quick Ratio:
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Quick Ratio in the risk category include:
A ratio used to assess a company's short-term liquidity.
Quick Ratio or acid-test or liquidity ratio measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately. Quick Ratio is defined as:
(Cash & ST Investments
(+) Accounts Receivable)
(/) Current Liabilities
(=) Quick Ratio
Quick Ratio for NeoVolta is calculated as follows:
(Cash & ST Investments [ 328.746 T ]
(+) Accounts Receivable [ 1.656 M ]
(/) Current Liabilities [ 334.292 T ]
(=) Quick Ratio [ 5.9x ]
The tables below summarizes the trend in NeoVolta’s quick ratio over the last five years:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2020-06-30 | 1.309 M | 391.112 T | 25.284 T | 67.3x |
| 2021-06-30 | 425.681 T | 1.128 M | 94.249 T | 16.5x |
| 2022-06-30 | 330.385 T | 1.318 M | 1.454 M | 1.1x |
| 2023-06-30 | 2.003 M | 1.826 M | 39.491 T | 97.0x |
| 2024-06-30 | 986.427 T | 1.806 M | 61.1 T | 45.7x |
The tables below summarizes the trend in NeoVolta’s quick ratio over the last four quarters:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2024-03-31 | 1.014 M | 1.887 M | 15.051 T | 192.7x |
| 2024-06-30 | 986.427 T | 1.806 M | 61.1 T | 45.7x |
| 2024-09-30 | 393.396 T | 1.951 M | 253.775 T | 9.2x |
| 2024-12-31 | 328.746 T | 1.656 M | 334.292 T | 5.9x |
Read more on Wikipedia: Quick Ratio
The chart above depicts the distribution of quick ratio for companies operating in the Industrials sector in the Developed economic region. Over 3,460 companies were considered in this analysis, and 3,325 had meaningful values. The average quick ratio of companies in the sector is 1.5x with a standard deviation of 1.3x.
NeoVolta Inc's Quick Ratio of 5.9x ranks in the 97.1% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 3,463 |
| Included Constituents | 3,325 |
| Min | 0.0x |
| Max | 8.8x |
| Median | 1.1x |
| Mean | 1.5x |
| Standard Deviation | 1.3x |
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