Nova Quick Ratio from 2010 to 2024

NOVVU Stock  USD 41.00  0.00  0.00%   
Nova Vision Quick Ratio yearly trend continues to be comparatively stable with very little volatility. Quick Ratio will likely drop to 0.04 in 2024. Quick Ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. View All Fundamentals
 
Quick Ratio  
First Reported
2010-12-31
Previous Quarter
0.04599606
Current Value
0.0437
Quarterly Volatility
9.59199974
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Nova Vision financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nova Vision's main balance sheet or income statement drivers, such as Depreciation And Amortization of 537.2 K, Selling General Administrative of 537.2 K or Selling And Marketing Expenses of 621.2 K, as well as many indicators such as Price To Sales Ratio of 86.99, Dividend Yield of 0.0 or PTB Ratio of 1.9. Nova financial statements analysis is a perfect complement when working with Nova Vision Valuation or Volatility modules.
  
Check out the analysis of Nova Vision Correlation against competitors.

Latest Nova Vision's Quick Ratio Growth Pattern

Below is the plot of the Quick Ratio of Nova Vision Acquisition over the last few years. It is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. Nova Vision's Quick Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Nova Vision's overall financial position and show how it may be relating to other accounts over time.
Quick Ratio10 Years Trend
Slightly volatile
   Quick Ratio   
       Timeline  

Nova Quick Ratio Regression Statistics

Arithmetic Mean18.68
Geometric Mean7.67
Coefficient Of Variation51.34
Mean Deviation7.41
Median23.32
Standard Deviation9.59
Sample Variance92.01
Range23.2716
R-Value(0.69)
Mean Square Error51.24
R-Squared0.48
Significance0
Slope(1.49)
Total Sum of Squares1,288

Nova Quick Ratio History

2024 0.0437
2023 0.046
2022 0.36

About Nova Vision Financial Statements

Nova Vision shareholders use historical fundamental indicators, such as Quick Ratio, to determine how well the company is positioned to perform in the future. Although Nova Vision investors may analyze each financial statement separately, they are all interrelated. The changes in Nova Vision's assets and liabilities, for example, are also reflected in the revenues and expenses on on Nova Vision's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Quick Ratio 0.05  0.04 

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Additional Tools for Nova Stock Analysis

When running Nova Vision's price analysis, check to measure Nova Vision's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nova Vision is operating at the current time. Most of Nova Vision's value examination focuses on studying past and present price action to predict the probability of Nova Vision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Vision's price. Additionally, you may evaluate how the addition of Nova Vision to your portfolios can decrease your overall portfolio volatility.