GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » American Community Newspapers Inc (OTCPK:ACNI) » Definitions » Current Ratio

American Community Newspapers (American Community Newspapers) Current Ratio : 0.08 (As of Jun. 2008)


View and export this data going back to 2005. Start your Free Trial

What is American Community Newspapers Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. American Community Newspapers's current ratio for the quarter that ended in Jun. 2008 was 0.08.

American Community Newspapers has a current ratio of 0.08. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If American Community Newspapers has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for American Community Newspapers's Current Ratio or its related term are showing as below:

ACNI's Current Ratio is not ranked *
in the Media - Diversified industry.
Industry Median: 1.62
* Ranked among companies with meaningful Current Ratio only.

American Community Newspapers Current Ratio Historical Data

The historical data trend for American Community Newspapers's Current 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.

American Community Newspapers Current Ratio Chart

American Community Newspapers Annual Data
Trend Dec05 Dec06 Dec07
Current Ratio
291.56 66.27 1.09

American Community Newspapers Quarterly Data
Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.20 1.38 1.09 0.93 0.08

Competitive Comparison of American Community Newspapers's Current Ratio

For the Publishing subindustry, American Community Newspapers's Current Ratio, along with its competitors' market caps and Current 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.


American Community Newspapers's Current Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, American Community Newspapers's Current Ratio distribution charts can be found below:

* The bar in red indicates where American Community Newspapers's Current Ratio falls into.



American Community Newspapers Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

American Community Newspapers's Current Ratio for the fiscal year that ended in Dec. 2007 is calculated as

Current Ratio (A: Dec. 2007 )=Total Current Assets (A: Dec. 2007 )/Total Current Liabilities (A: Dec. 2007 )
=9.903/9.065
=1.09

American Community Newspapers's Current Ratio for the quarter that ended in Jun. 2008 is calculated as

Current Ratio (Q: Jun. 2008 )=Total Current Assets (Q: Jun. 2008 )/Total Current Liabilities (Q: Jun. 2008 )
=11.417/149.412
=0.08

* 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.


American Community Newspapers  (OTCPK:ACNI) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


American Community Newspapers Current Ratio Related Terms

Thank you for viewing the detailed overview of American Community Newspapers's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


American Community Newspapers (American Community Newspapers) Business Description

Traded in Other Exchanges
N/A
Address
14875 Landmark Boulevard, Suite 110, Addison, TX, USA, 75254
American Community Newspapers Inc is a community newspaper publisher in the United States, operating within four major U.S. markets.
Executives
Rachesky Mark H Md 10 percent owner 40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Fund Management Llc 10 percent owner 1345 AVENUE OF THE AMERICAS,, 42ND FLOOR, NEW YORK NY 10105
Mhr Advisors Llc 10 percent owner
Marilyn Rubenstein 10 percent owner
Woodland Services Corp 10 percent owner
Israel A Englander other: May be deemed as group member. C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Millenco, L.l.c. 10 percent owner C/O MILLENNIUM MANAGEMENT LLC, 666 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10103
Millennium Management Llc other: May be deemed as group member. 399 PARK AVENUE, NEW YORK NY 10022
Barry Rubenstein 10 percent owner 68 WHEATLEY RD, BROOKVILLE NY 11545

American Community Newspapers (American Community Newspapers) Headlines

No Headlines