The Quick ratio of Trackwise Designs Plc is 1.54
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.
Trackwise Designs plc designs, develops, manufactures, and sells printed circuit boards in the United Kingdom, Europe, and internationally. It offers microwave and radio frequency, short flex, flex rigid, and rigid multilayer printed circuit board products. The company's circuits are used in RF/antenna and lightweight interconnect products. Its products are used in telecommunications, aerospace, marine, medical, defense, space, scientific, industrial, security, and automotive sectors. Trackwise Designs plc was founded in 1989 and is based in Tewkesbury, the United Kingdom.