What is Ultralife's cash ratio?

Ultralife (ULBI) reported cash ratio of 0.2× in Q1 2026.

How has Ultralife's cash ratio changed year-over-year?

Ultralife's cash ratio decreased by 25.4% year-over-year, from 0.3× to 0.2×.

What is the long-term trend for Ultralife's cash ratio?

Over 4 years (2021 to 2025), Ultralife's cash ratio has grown at a -13.4% compound annual growth rate (CAGR), from 0.4× to 0.3×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Ultralife ULBI Cash ratio

Cash ratio at other companies

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0.2×0.0×

CBAK Energy Technology, Inc.CBAT

0.3×0.0×

Microvast Holdings, Inc.MVST

0.3×-0.1×

Solidion Technology, Inc.STI

0×-0.6×

KULR Technology GroupKULR

0.8×-6.5×

SES AISES

1.6×-1.8×

Other financials

Income statement

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Revenue$47.4M-6.5%

Gross profit$11.5M+8.8%

Operating income-$1.5M-159%

Net income-$471.0K+68.1%

EPS (diluted)-$8.75-192%

Balance sheet

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Cash & equivalents$8.9M+2.0%

Total debt$50.7M-11.8%

Total equity$129.6M-5.0%

Total assets$220.6M-1.4%

Cash flow

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Operating cash flow$2.3M-33.0%

CapEx$770.0K-14.0%

Free cash flow$1.5M-39.9%

Valuation

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Market cap$105.27M-22.4%

Enterprise value$147.11M-18.0%

P/S0.6×-0.2×

Profitability

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Gross margin24.1%-1.7pp

Operating margin-3.1%-9.1pp

Net margin-2.6%-4.5pp

FCF margin7.8%+3.9pp

Returns & leverage

See full

Return on equity-3.7%-6.1pp

Debt / equity0.4×0.0×

Current ratio2.6×-0.7×

Where this comes from

Calculated from Ultralife’s reported figures.

cash and equivalents/total current liabilities=0.2×

Based on the most recent quarter.

The official record: Ultralife’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ultralife's cash ratio?: Ultralife (ULBI) reported cash ratio of 0.2× in Q1 2026.
How has Ultralife's cash ratio changed year-over-year?: Ultralife's cash ratio decreased by 25.4% year-over-year, from 0.3× to 0.2×.
What is the long-term trend for Ultralife's cash ratio?: Over 4 years (2021 to 2025), Ultralife's cash ratio has grown at a -13.4% compound annual growth rate (CAGR), from 0.4× to 0.3×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.