Telestone Technologies (Telestone Technologies) Quick Ratio : 1.57 (As of Dec. 2012)

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What is Telestone Technologies 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. Telestone Technologies's quick ratio for the quarter that ended in Dec. 2012 was 1.57.

Telestone Technologies has a quick ratio of 1.57. It generally indicates good short-term financial strength.

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

TSTC's Quick Ratio is not ranked ^*
in the Hardware industry.
Industry Median: 1.48
* Ranked among companies with meaningful Quick Ratio only.

Telestone Technologies Quick Ratio Historical Data

The historical data trend for Telestone Technologies'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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Telestone Technologies Quick Ratio Chart

Telestone Technologies Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Quick Ratio

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2.15

2.09

1.87

1.76

1.57

Telestone Technologies Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Quick Ratio	Get a 7-Day Free Trial															1.76	1.74	1.72	1.64	1.57

Competitive Comparison of Telestone Technologies's Quick Ratio

For the Communication Equipment subindustry, Telestone Technologies'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.

Telestone Technologies's Quick Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Telestone Technologies's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Telestone Technologies's Quick Ratio falls into.

Telestone Technologies 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.

Telestone Technologies's Quick Ratio for the fiscal year that ended in Dec. 2012 is calculated as

Quick Ratio (A: Dec. 2012 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(246.917	-	6.301)	/	153.465
	=	1.57

Telestone Technologies's Quick Ratio for the quarter that ended in Dec. 2012 is calculated as

Quick Ratio (Q: Dec. 2012 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(246.917	-	6.301)	/	153.465
	=	1.57

Telestone Technologies (OTCPK:TSTC) 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.

Telestone Technologies Quick Ratio Related Terms

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Telestone Technologies (Telestone Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Telestone Technologies Corp (OTCPK:TSTC) » Definitions » Quick Ratio

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Address

Website

http://www.telestone.com

Telestone Technologies Corp was organized under the laws of the State of Colorado in February 1987 under the name Shield Enterprises, Inc. In August 2004, TSTC reincorporated in the State of Delaware under the name Telestone Technologies Corporation. It provides access network solutions in China. The company's access network solutions include the research and development and application of access-network technology. In addition to its homegrown access-network equipment, which includes repeaters, antennas, and radio-frequency peripherals, the company offers project design, project management, installation, maintenance, and other after sales services to its customers. The company offers WFDS, a next generation wireless distribution system. WFDS is an all-optical network that combines the technologies of both wireless and optical telecommunications. As of December 31, 2011, it completed 499 WFDS installations. The company designs and sells electronic equipment used to provide access-network solutions to its customers. Many of these types of equipment, including WFDS products, RFPA products, passive components and base station antennas for 2G, 3G, Broadband access and CATV networks, are specialized active microwave components designed to meet the needs of its customers.The company provides systems integration services to its customers. The primary systems integration services provided to the company's customers are project design and engineering, specifically, the development and design of indoor and outdoor wireless signal complementary coverage solutions and their applied products. The company also markets its products to 29 countries, including the United States, Vietnam, Mexico, Brazil, Russia, India, the Philippines, Thailand, Ireland, Ecuador, Mongolia, South Africa, Turkey, Indonesia, Colombia, Costa Rica, Argentina, Ukraine, Kazakhstan, Singapore, South Korea, Hong Kong, Saudi Arabia, New Zealand, Bangladesh, the United Arab Emirates, Canada, and Iceland.

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