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Advanced Digital Broadcast Holding (LTS:0QLO) Quick Ratio : 0.99 (As of Jun. 2014)


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What is Advanced Digital Broadcast Holding 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. Advanced Digital Broadcast Holding's quick ratio for the quarter that ended in Jun. 2014 was 0.99.

Advanced Digital Broadcast Holding has a quick ratio of 0.99. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Advanced Digital Broadcast Holding's Quick Ratio or its related term are showing as below:

LTS:0QLO' s Quick Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.84   Max: 1.26
Current: 0.99

During the past 12 years, Advanced Digital Broadcast Holding's highest Quick Ratio was 1.26. The lowest was 0.35. And the median was 0.84.

LTS:0QLO's Quick Ratio is not ranked
in the Hardware industry.
Industry Median: 1.48 vs LTS:0QLO: 0.99

Advanced Digital Broadcast Holding Quick Ratio Historical Data

The historical data trend for Advanced Digital Broadcast Holding'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.

Advanced Digital Broadcast Holding Quick Ratio Chart

Advanced Digital Broadcast Holding Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.14 0.84 0.81 0.80 0.99

Advanced Digital Broadcast Holding Semi-Annual Data
Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.77 0.80 0.85 0.99 0.99

Competitive Comparison of Advanced Digital Broadcast Holding's Quick Ratio

For the Communication Equipment subindustry, Advanced Digital Broadcast Holding'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.


Advanced Digital Broadcast Holding's Quick Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Advanced Digital Broadcast Holding's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Advanced Digital Broadcast Holding's Quick Ratio falls into.



Advanced Digital Broadcast Holding 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.

Advanced Digital Broadcast Holding's Quick Ratio for the fiscal year that ended in Dec. 2013 is calculated as

Quick Ratio (A: Dec. 2013 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(108.329-19.997)/89.296
=0.99

Advanced Digital Broadcast Holding's Quick Ratio for the quarter that ended in Jun. 2014 is calculated as

Quick Ratio (Q: Jun. 2014 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(122.598-16.657)/106.654
=0.99

* 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.


Advanced Digital Broadcast Holding  (LTS:0QLO) 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.


Advanced Digital Broadcast Holding Quick Ratio Related Terms

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Advanced Digital Broadcast Holding (LTS:0QLO) Business Description

Traded in Other Exchanges
N/A
Address
Website
Advanced Digital Broadcast Holding SA was incorporated on July 26, 2004 in the Canton of Geneva. The Company is engaged in the development and sale of equipment, services and software for the digital television and broadband data communication industry, and relies on third party contract manufacturers for the production of equipment. In 2005, the Company made an initial public offering. It develops and delivers diverse products to the worldwide digital television industry, supplying digital set-top boxes across all television transmission platforms such as cable, IPTV, satellite and terrestrial. Its customers include digital television operators, consumer electronics manufacturers and retail distributors of digital set-top boxes. The Company is in system integration, incorporating the industry's middleware, conditional access and hardware technologies and provide technically superior products, service and support, in as short time as possible.

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