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AirTrona International (AirTrona International) Current Ratio : 0.00 (As of Aug. 2011)


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What is AirTrona International Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. AirTrona International's current ratio for the quarter that ended in Aug. 2011 was 0.00.

AirTrona International has a current ratio of 0.00. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If AirTrona International has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for AirTrona International's Current Ratio or its related term are showing as below:

ARTR's Current Ratio is not ranked *
in the Industrial Products industry.
Industry Median: 2
* Ranked among companies with meaningful Current Ratio only.

AirTrona International Current Ratio Historical Data

The historical data trend for AirTrona International's Current Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AirTrona International Current Ratio Chart

AirTrona International Annual Data
Trend Nov06 Nov07 Nov08 Nov09 Nov10
Current Ratio
0.86 2.02 0.48 - -

AirTrona International Quarterly Data
Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10 Aug10 Nov10 May11 Aug11
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of AirTrona International's Current Ratio

For the Specialty Industrial Machinery subindustry, AirTrona International's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AirTrona International's Current Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AirTrona International's Current Ratio distribution charts can be found below:

* The bar in red indicates where AirTrona International's Current Ratio falls into.



AirTrona International Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

AirTrona International's Current Ratio for the fiscal year that ended in Nov. 2010 is calculated as

Current Ratio (A: Nov. 2010 )=Total Current Assets (A: Nov. 2010 )/Total Current Liabilities (A: Nov. 2010 )
=0/0.314
=0.00

AirTrona International's Current Ratio for the quarter that ended in Aug. 2011 is calculated as

Current Ratio (Q: Aug. 2011 )=Total Current Assets (Q: Aug. 2011 )/Total Current Liabilities (Q: Aug. 2011 )
=0/0.29
=0.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


AirTrona International  (OTCPK:ARTR) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


AirTrona International Current Ratio Related Terms

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AirTrona International (AirTrona International) Business Description

Traded in Other Exchanges
N/A
Address
1040 South Service Road, Suite 102, Stoney Creek, ON, CAN, L8E 6G3
AirTrona International Inc provides commercial and industrial high-grade ozone generators for commercial, industrial and residential applications, including ozone sanitization and ozone laundry systems.

AirTrona International (AirTrona International) Headlines

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