MTI Wireless Edge (LSE:MWE) Quick Ratio : 2.26 (As of Jun. 2023)

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What is MTI Wireless Edge 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. MTI Wireless Edge's quick ratio for the quarter that ended in Jun. 2023 was 2.26.

MTI Wireless Edge has a quick ratio of 2.26. It generally indicates good short-term financial strength.

The historical rank and industry rank for MTI Wireless Edge's Quick Ratio or its related term are showing as below:

LSE:MWE' s Quick Ratio Range Over the Past 10 Years
Min: 2.09 Med: 2.38 Max: 3.93
Current: 2.09

During the past 13 years, MTI Wireless Edge's highest Quick Ratio was 3.93. The lowest was 2.09. And the median was 2.38.

LSE:MWE's Quick Ratio is ranked better than
67.81% of 2485 companies
in the Hardware industry
Industry Median: 1.48 vs LSE:MWE: 2.09

MTI Wireless Edge Quick Ratio Historical Data

The historical data trend for MTI Wireless Edge'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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MTI Wireless Edge Quick Ratio Chart

MTI Wireless Edge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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2.22

2.43

2.11

2.24

2.09

MTI Wireless Edge Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Quick Ratio	Get a 7-Day Free Trial															2.15	2.24	2.40	2.26	2.09

Competitive Comparison of MTI Wireless Edge's Quick Ratio

For the Communication Equipment subindustry, MTI Wireless Edge'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.

MTI Wireless Edge's Quick Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MTI Wireless Edge's Quick Ratio distribution charts can be found below:

* The bar in red indicates where MTI Wireless Edge's Quick Ratio falls into.

MTI Wireless Edge 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.

MTI Wireless Edge'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
	=	(27.486	-	5.912)	/	10.299
	=	2.09

MTI Wireless Edge's Quick Ratio for the quarter that ended in Jun. 2023 is calculated as

Quick Ratio (Q: Jun. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(22.501	-	5.892)	/	7.35
	=	2.26

MTI Wireless Edge (LSE:MWE) 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.

MTI Wireless Edge Quick Ratio Related Terms

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MTI Wireless Edge (LSE:MWE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MTI Wireless Edge Ltd (LSE:MWE) » Definitions » Quick Ratio

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M7O:Germany

Address

11 Hamelacha Street, Afek Industrial Park, Rosh-Ha'Ayin, ISR, 4809121

Website

https://www.mtiwirelessedge.com

MTI Wireless Edge Ltd is an Israel-based company engaged in three segments; the antennas segment includes the development, design, manufacture, and marketing of antennas for the military and civilian sectors, Water solutions segment is a provider of remote control solutions for water and irrigation applications based on Motorola's IRRInet state of the art control, monitoring and communication technologies, and Distribution and Consultation segment provides consulting representation, and marketing services to foreign companies in the field of RF (radio frequency) and Microwave, including engineering services in the field of aerostat systems and system engineering services, and development, manufacture, and integration of communication systems and monitoring and control systems.