Clearfield Inc

NASDAQ CLFD

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Clearfield Inc Quick Ratio 3 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: 18.23%

Clearfield Inc Quick Ratio 3 year CAGR is 18.23% for the Trailing 12 Months (TTM) ending March 31, 2024, a 203.40% change year over year. The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations using its most liquid assets. It is calculated by dividing the current assets minus inventory by the current liabilities. This ratio provides insights into the company's liquidity position and its ability to pay off current liabilities without relying on inventory sales. A higher ratio suggests a stronger ability to meet short-term obligations with readily available assets. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Clearfield Inc Quick Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 3.17, a 47.24% change year over year.
Clearfield Inc Quick Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 2.15, a -45.95% change year over year.
Clearfield Inc Quick Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 3.98, a -29.78% change year over year.
Clearfield Inc Quick Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 5.67, a -17.79% change year over year.

NASDAQ: CLFD

Clearfield Inc

CEO	Ms. Cheryl P. Beranek
IPO Date	Aug. 7, 1986
Location	United States
Headquarters	7050 Winnetka Avenue North, Minneapolis, MN, United States, 55428
Employees	400
Sector	Technology
Industry	Communication equipment

Description

Clearfield, Inc. manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products. It also provides CraftSmart FiberFirst pedestals, an access terminal that offers a cable management and mounting bracket kit to support the deployment of access terminals; YOURx, an access terminal that provides flexibility with cable mid-span and internal splicing options; and FieldShield, a fiber pathway and protection method for reducing the cost of broadband deployment. In addition, the company offers fiber assemblies; fiber optic and copper cables, microducts, microduct accessories, and tools; and installation and connection accessories for fiber optic networks. It serves community broadband customers, multiple system operators, large regional service providers, and wireline/wireless national telco carriers. The company was formerly known as APA Enterprises, Inc. and changed its name to Clearfield, Inc. in January 2008. Clearfield, Inc. was incorpoarted in 1979 and is headquartered in Minneapolis, Minnesota.

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