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. Inteliquent's quick ratio for the quarter that ended in Sep. 2016 was 4.43.
Inteliquent has a quick ratio of 4.43. It generally indicates good short-term financial strength.
The historical rank and industry rank for Inteliquent's Quick Ratio or its related term are showing as below:
IQNT's Quick Ratio is not ranked *
in the Telecommunication Services industry.
Industry Median: 0.95 * Ranked among companies with meaningful Quick Ratio only.
Inteliquent Quick Ratio Historical Data
The historical data trend for Inteliquent'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.
Competitive Comparison of Inteliquent's Quick Ratio
For the Telecom Services subindustry, Inteliquent'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.
Inteliquent's Quick Ratio Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Inteliquent's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Inteliquent's Quick Ratio falls into.
Inteliquent 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.
Inteliquent's Quick Ratio for the fiscal year that ended in Dec. 2015 is calculated as
* 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.
Inteliquent (NAS:IQNT) 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.
Inteliquent Quick Ratio Related Terms
Thank you for viewing the detailed overview of Inteliquent's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Inteliquent Inc was incorporated on April 19, 2001 in Delaware and commenced its operations in 2004. The Company provides voice telecommunications services on a wholesale basis. It offers telecommunication services using an all-IP network, which enables it to deliver connectivity for a variety of media, including voice, and historically data and video. The Company's solutions enable carriers and other providers to deliver voice traffic or other services where it does not own a network or elect not to use their own network. These solutions are sometimes called off-net services. The Company also provides its solutions to customers, such as over-the-top providers, who also typically do not have their own network. Its services include Local Transit Service, Long Distance Service, Switched Access Service, International Voice Service, Direct Inward Dialing Service, 8XX (Toll-Free) Service. Its customers include AT&T, Verizon, and T-Mobile. Its competitors are the traditional ILECs (AT&T, Verizon and CenturyLink), other competitive carriers that provide tandem or similar services (Level 3, Peerless Network, and Hypercube), and direct connections between carriers. It is subject to the jurisdiction of both federal and state regulatory agencies, which have the authority to review prices, terms and conditions of service.
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