Name: Quick Ratio

Definition: The quick ratio is like an emergency response measure: can the company pay off short-term debts without selling any inventory? It only counts cash, short-term investments, and receivables — assets that can quickly be turned into cash. A healthy quick ratio shows strong liquidity. A very low quick ratio means the company depends on selling inventory to meet short-term obligations — which can be risky if sales unexpectedly slow down.

Interpretation:
• In '2022', MIND's quick ratio was 1.24, providing a stringent test of short-term liquidity. Industry average for Industrial Machinery/Components in '2022' stood at 1.82.
• In '2023', MIND's quick ratio was 0.45, providing a stringent test of short-term liquidity. The decline from '2022' may indicate some operational or financial challenges. Industry average for Industrial Machinery/Components in '2023' stood at 1.73. Industry average declined by 0.08 from previous year.
• In '2024', MIND's quick ratio was 1.15, providing a stringent test of short-term liquidity. The increase since '2023' reflects strengthening financial performance. Industry average for Industrial Machinery/Components in '2024' stood at 1.77. Industry average increased by 0.04 compared to previous year.
• In '2025', MIND's quick ratio was 1.98, providing a stringent test of short-term liquidity. The increase since '2024' reflects strengthening financial performance. Industry average for Industrial Machinery/Components in '2025' stood at 1.57. Industry average declined by 0.20 from previous year.
Overall, MIND's quick ratio has been volatile but showed an upward trend over the past 4 years.

Formula: Quick Ratio = (Current Assets - Inventory) / Current Liabilities

Good Range: Normally between 0.8 and 1.5.