ONTONEUTRAL

ONTO Quick Ratio Analysis

2.61x

Updated 634h ago·SEC filings & market data

Key Takeaway

The quick ratio measures a company’s ability to pay short-term obligations using its most liquid assets, such as cash and receivables, without relying on inventory sales.

Sector Performance

93th percentile

ONTO

2.61x

Sector Median

0.72x

Sector Avg

2.71x

Prior Period

4.48x(May 2026)

↓ Declining

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Deep Analysis

The quick ratio measures a company’s ability to pay short-term obligations using its most liquid assets, such as cash and receivables, without relying on inventory sales.

At 2.61x, ONTO has more than enough liquid assets to cover current liabilities, indicating strong short-term financial flexibility. This is far above the sector median of 0.72x, placing ONTO in the 95th percentile among sector peers. The trend is not available: the year-over-year change is N/A and the quarter-over-quarter change is N/A, so no directional signal can be drawn from this metric. The combination of a very high level with no trend data limits the investment insight—liquidity is clearly a strength, but whether it is improving or deteriorating is unknown. This does not contradict the overall NEUTRAL verdict, since the strong quick ratio supports financial safety while the missing trend leaves the outlook unresolved.

Frequently Asked Questions

What does the Quick Ratio tell investors about ONTO?

A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.

How is the Quick Ratio calculated?

Quick Ratio is calculated as: (Cash + Receivables) / Current Liabilities.

Who are ONTO's closest peers by Quick Ratio?

The closest peers by Quick Ratio include: MELI (0.11x), LOW (0.10x), DRI (0.09x), NCLH (0.08x), PAYC (0.08x).

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Learn More About Quick Ratio

Why Working Capital Management Matters More Than You Think

Working capital is more than current assets minus liabilities. Learn why working capital matters for liquidity, efficiency, and competitive advantage, with real data from AMZN, COST, HD, and XOM.

The Formula

(Cash + Receivables) / Current Liabilities

Why It Matters

A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.