CPS Technologies (CPS Technologies) Quick Ratio : 3.33 (As of Dec. 2023)

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What is CPS Technologies Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. CPS Technologies's quick ratio for the quarter that ended in Dec. 2023 was 3.33.

CPS Technologies has a quick ratio of 3.33. It generally indicates good short-term financial strength.

The historical rank and industry rank for CPS Technologies's Quick Ratio or its related term are showing as below:

CPSH' s Quick Ratio Range Over the Past 10 Years
Min: 1.19 Med: 2.5 Max: 4.24
Current: 3.53

During the past 13 years, CPS Technologies's highest Quick Ratio was 4.24. The lowest was 1.19. And the median was 2.50.

CPSH's Quick Ratio is ranked better than
84.19% of 2485 companies
in the Hardware industry
Industry Median: 1.47 vs CPSH: 3.53

CPS Technologies Quick Ratio Historical Data

The historical data trend for CPS Technologies's Quick Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CPS Technologies Quick Ratio Chart

CPS Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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1.19

1.76

1.99

2.41

3.33

CPS Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Quick Ratio	Get a 7-Day Free Trial															2.72	2.68	2.77	3.33	3.53

Competitive Comparison of CPS Technologies's Quick Ratio

For the Electronic Components subindustry, CPS Technologies's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CPS Technologies's Quick Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, CPS Technologies's Quick Ratio distribution charts can be found below:

* The bar in red indicates where CPS Technologies's Quick Ratio falls into.

CPS Technologies Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

CPS Technologies's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(18.144	-	4.582)	/	4.069
	=	3.33

CPS Technologies's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(18.144	-	4.582)	/	4.069
	=	3.33

CPS Technologies (NAS:CPSH) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.

CPS Technologies Quick Ratio Related Terms

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CPS Technologies (CPS Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CPS Technologies Corp (NAS:CPSH) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 South Worcester Street, Norton, MA, USA, 02766-2102

Website

https://www.cpstechnologysolutions.com

CPS Technologies Corp provides material solutions to the transportation, automotive, energy, computing/Internet, telecommunications, aerospace, defense, and oil and gas end markets. Its primary material solution is metal matrix composites (MMCs), which are a class of materials consisting of a combination of metal and ceramic. The company designs, manufactures and sells custom MMC components, which manages the performance and reliability of systems in the end markets. It also provides baseplates and housings used in radar, satellite and avionics applications. The company provides lids and heat spreaders used with integrated circuits in Internet switches and routers.

Executives

Brian T Mackey	officer: CEO	792 WEST STREET, C108, MANSFIELD MA 02048
Ralph M Norwood	officer: Chief Financial Officer	111 SOUTH WORCESTER STREET, NORTON MA 02766
Peregrine Financial Corp	10 percent owner	222 ROSEWOOD DRIVE, SUITE 530, DANVERS MA 01923
Peregrine Trust Company, Llc	10 percent owner	222 ROSEWOOD DRIVE, SUITE 530, DANVERS MA 01923
Peregrine Holdings Llc	10 percent owner	222 ROSEWOOD DRIVE, SUITE 530, DANVERS MA 01923
Phoenix Venture Partners, Inc.	10 percent owner	222 ROSEWOOD DRIVE, SUITE 530, DANVERS MA 01923
Ard Master Lp	10 percent owner
Grant C Bennett	director, 10 percent owner, officer: President & CEO
Griffith Charles Kellogg Jr	officer: Chief Financial Officer	111 SOUTH WORCESTER STREET, NORTON MA 02766
Daniel C Snow	director	5 LODGE RD., BELMONT MA 02478
Thomas M Culligan	director	3000 TAFT STREET, HOLLYWOOD FL 33021
Michael E Mccormack	officer: Chief Operating Officer	111 SOUTH WORCESTER STREET, NORTON MA 02766
Thomas E Breen	officer: SVP, Sales & Marketing	111 SOUTH WORCESTER STREET, NORTON MA 02766
Richard W Adams	officer: Senior Vice-President & CTO	111 S. WORCESTER ST., NORTON MA 02766
Charles Darosa	officer: Vice-President, Operations	111 S. WORCESTER STREET, NORTON MA 02766