Green Planet Group (Green Planet Group) Quick Ratio : 0.10 (As of Sep. 2011)

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What is Green Planet Group Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Green Planet Group's quick ratio for the quarter that ended in Sep. 2011 was 0.10.

Green Planet Group has a quick ratio of 0.10. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Green Planet Group's Quick Ratio or its related term are showing as below:

GNPG's Quick Ratio is not ranked ^*
in the Chemicals industry.
Industry Median: 1.4
* Ranked among companies with meaningful Quick Ratio only.

Green Planet Group Quick Ratio Historical Data

The historical data trend for Green Planet Group's Quick 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.

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Green Planet Group Quick Ratio Chart

Green Planet Group Annual Data

Trend

Mar04

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Quick Ratio

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0.03

0.26

0.35

0.15

0.10

Green Planet Group Quarterly Data
	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
Quick Ratio	Get a 7-Day Free Trial															0.19	0.18	0.10	0.11	0.10

Competitive Comparison of Green Planet Group's Quick Ratio

For the Specialty Chemicals subindustry, Green Planet Group's Quick Ratio, along with its competitors' market caps and Quick 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.

Green Planet Group's Quick Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Green Planet Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Green Planet Group's Quick Ratio falls into.

Green Planet Group Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Green Planet Group's Quick Ratio for the fiscal year that ended in Mar. 2011 is calculated as

Quick Ratio (A: Mar. 2011 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(3.892	-	0.255)	/	36.799
	=	0.10

Green Planet Group's Quick Ratio for the quarter that ended in Sep. 2011 is calculated as

Quick Ratio (Q: Sep. 2011 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(2.324	-	0.349)	/	20.184
	=	0.10

Green Planet Group (OTCPK:GNPG) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.

Green Planet Group Quick Ratio Related Terms

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Green Planet Group (Green Planet Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Green Planet Group Inc (OTCPK:GNPG) » Definitions » Quick Ratio

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Traded in Other Exchanges

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Address

3259 E. Harbour Drive, Suite 101, Phoenix, AZ, USA, 85034

Website

https://www.greenplanetgroup.com

Green Planet Group Inc, through its subsidiaries, is engaged in the following businesses: production of lubricants and additives for gasoline and diesel-fueled engines; developing a hydrogen generator that reduces hydrocarbon emissions while improving fuel efficiency; developing a new "fast track" growing system capable of growing vast amounts of fresh organic food at the point of consumption reducing transportation costs while reducing water use by 90+% and increasing productivity by 300%; and developing green technologies for use in the mining of rare and precious metals and elements.