ONON Quick Ratio Analysis

The quick ratio of 2.07x means ONON holds $2.07 in cash, cash equivalents, and receivables for every $1 of short-term liabilities, showing it can pay near-term bills without relying on inventory sales.

This is far above the sector median of 0.68x, placing ONON in the 94th percentile among consumer cyclical peers—a top-tier liquidity position. The trend is unavailable: the year-over-year change is N/A, the quarter-over-quarter change is N/A, and no historical values beyond the current 2.07x are provided. The absence of trend data means you cannot tell whether liquidity is expanding or shrinking, so the high level alone signals low immediate solvency risk but offers no momentum insight. For investment risk, this strong ratio is an opportunity—it cushions against cash crunches—while the missing trend leaves uncertainty about future direction. This metric directly contradicts the overall CAUTIOUS verdict: a 94th-percentile quick ratio is a clear positive that reduces short-term default risk, even if other factors warrant caution.

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