Advance Nanotek Quick ratio
What is the Quick ratio of Advance Nanotek?
The Quick ratio of Advance Nanotek Limited is 1.32
What is the definition of Quick ratio?
Quick ratio is liquidity ratio that measures a company’s ability to use its quick assets to meet its short-term obligations immediately.
mrq (most recent quarter)
The quick ratio is the ratio between quick or liquid assets and current liabilities. Quick assets include those current assets that presumably can be quickly converted to cash at close to their book values. A normal liquid ratio is considered to be 1. A company with a quick ratio of less than 1 cannot at the time fully pay its current liabilities or short-term obligations. This ratio is considered to be a much reliable tool for assessment of liquidity position of companies.
Quick ratio of companies in the Materials sector on ASX compared to Advance Nanotek
What does Advance Nanotek do?
Advance ZincTek Limited, together with its subsidiaries, manufactures aluminum oxide powder, and zinc oxide dispersions and powder for use in the personal care sector in Australia, the United States, Canada, Europe, and internationally. It produces and distributes dispersion of mineral-only UV filters in cosmetic emollients that are used for sunscreen, skincare, and pharmaceutical formulations, as well as alumina plate-like powders used for cosmetic applications. The company operates through a network of distributors. The company was formerly known as Advance NanoTek Limited and changed its name to Advance ZincTek Limited in November 2021. Advance ZincTek Limited was incorporated in 1997 and is based in Rocklea, Australia.
Companies with quick ratio similar to Advance Nanotek
- GFT Technologies SE has Quick ratio of 1.32
- Deltagen has Quick ratio of 1.32
- PS&C has Quick ratio of 1.32
- BDH Industries has Quick ratio of 1.32
- X-Terra Resources has Quick ratio of 1.32
- TTK Healthcare has Quick ratio of 1.32
- Advance Nanotek has Quick ratio of 1.32
- New York Times Co has Quick ratio of 1.32
- Altra Industrial Motion Corp has Quick ratio of 1.32
- Yeebo (International ) has Quick ratio of 1.32
- LogiCamms has Quick ratio of 1.32
- 29Metals Ltd has Quick ratio of 1.32
- Conifex Timber has Quick ratio of 1.32