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IL2M International (IL2M International) Quick Ratio : 0.00 (As of Feb. 2015)


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What is IL2M International 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. IL2M International's quick ratio for the quarter that ended in Feb. 2015 was 0.00.

IL2M International has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for IL2M International's Quick Ratio or its related term are showing as below:

ILIM's Quick Ratio is not ranked *
in the Interactive Media industry.
Industry Median: 1.895
* Ranked among companies with meaningful Quick Ratio only.

IL2M International Quick Ratio Historical Data

The historical data trend for IL2M International'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.

* Premium members only.

IL2M International Quick Ratio Chart

IL2M International Annual Data
Trend May11 May12 May13
Quick Ratio
16.00 11.50 1.19

IL2M International Quarterly Data
Feb11 May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15
Quick 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 - - 0.03 - -

Competitive Comparison of IL2M International's Quick Ratio

For the Internet Content & Information subindustry, IL2M International'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.


IL2M International's Quick Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, IL2M International's Quick Ratio distribution charts can be found below:

* The bar in red indicates where IL2M International's Quick Ratio falls into.



IL2M International 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.

IL2M International's Quick Ratio for the fiscal year that ended in May. 2013 is calculated as

Quick Ratio (A: May. 2013 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.05-0)/0.042
=1.19

IL2M International's Quick Ratio for the quarter that ended in Feb. 2015 is calculated as

Quick Ratio (Q: Feb. 2015 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0-0)/2.559
=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.


IL2M International  (OTCPK:ILIM) 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.


IL2M International Quick Ratio Related Terms

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IL2M International (IL2M International) Business Description

Traded in Other Exchanges
N/A
Address
3500 West Olive Avenue, Suite 810, Burbank, CA, USA, 91505
IL2M International Corp is a developer, creator, and marketer of a social media platform named Ilink2music.com. The platform provides international music entertainment content, networking, events, products, services; features unique internet radio station and exceptional co-creation content. The platform allows the user to create a profile in the music entertainment zone that displays his/her talents, whether they are a musician, composer, songwriter, arranger, instrumentalist, dancer, choreographer, DJ, music video producer, among others. The company generates revenue through co-creation advertising and user-generated revenues.

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