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PreVu (PRVU) Current Ratio : 1.64 (As of Apr. 2008)


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What is PreVu 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. PreVu's current ratio for the quarter that ended in Apr. 2008 was 1.64.

PreVu has a current ratio of 1.64. It generally indicates good short-term financial strength.

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

PRVU's Current Ratio is not ranked *
in the Retail - Cyclical industry.
Industry Median: 1.59
* Ranked among companies with meaningful Current Ratio only.

PreVu Current Ratio Historical Data

The historical data trend for PreVu'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.

PreVu Current Ratio Chart

PreVu Annual Data
Trend Jan98 Jan99 Jan00 Jan01 Jan02 Jan03 Jan04 Jan05 Jan06 Jan07
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.82 1.78 2.55 3.99 3.51

PreVu Quarterly Data
Jul03 Oct03 Jan04 Apr04 Jul04 Oct04 Jan05 Apr05 Jul05 Oct05 Jan06 Apr06 Jul06 Oct06 Jan07 Apr07 Jul07 Oct07 Jan08 Apr08
Current 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 Premium Member Only Premium Member Only Premium Member Only 3.24 2.42 1.49 2.56 1.64

Competitive Comparison of PreVu's Current Ratio

For the Apparel Retail subindustry, PreVu'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.


PreVu's Current Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PreVu's Current Ratio distribution charts can be found below:

* The bar in red indicates where PreVu's Current Ratio falls into.



PreVu 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.

PreVu's Current Ratio for the fiscal year that ended in Jan. 2007 is calculated as

Current Ratio (A: Jan. 2007 )=Total Current Assets (A: Jan. 2007 )/Total Current Liabilities (A: Jan. 2007 )
=105.205/30.012
=3.51

PreVu's Current Ratio for the quarter that ended in Apr. 2008 is calculated as

Current Ratio (Q: Apr. 2008 )=Total Current Assets (Q: Apr. 2008 )/Total Current Liabilities (Q: Apr. 2008 )
=49.055/29.857
=1.64

* 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.


PreVu  (OTCPK:PRVU) 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.


PreVu Current Ratio Related Terms

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PreVu (PRVU) Business Description

Traded in Other Exchanges
N/A
Address
7401 Boone Avenue North, Brooklyn Park, MN, USA, 55428
PreVu Inc is a retailer of leather outerwear, accessories and apparel in the United States. The company's products include men's and women's fashion leather jackets, handbags and other accessories.
Executives
William F Farley director 700 SOUTH SECOND STREET, #90, MINNEAPOLIS MN 55402
Michael M Searles director, officer: Chief Executive Officer 7401 BOONE AVENUE NORTH BROOKLYN PARK MN 55428
Michael T Sweeney director GOLDNER HAWN, 3700 WELLS FARGO CENTER, 90 SOUTH 7TH ST, MINNEAPOLIS MN 55402
R. Ted Weschler, director, 10 percent owner 404B EAST MAIN STREET, 2ND FLOOR, CHARLOTTESVILLE VA 22902
Peninsula Investment Partners, L.p. 10 percent owner 404B EAST MAIN STREET, 2ND FLOOR, CHARLOTTESVILLE, VA 22902
Peninsula Capital Advisors Llc 10 percent owner 404B EAST MAIN STREET, 2ND FLOOR, CHARLOTTESVILLE, VA 22902
Michael T Cowhing director C/O NEWELL RUBBERMAID INC., THREE GLENLAKE PKWY., ATLANTA 2Q 30328
Michael J Mccoy director 1 HORMEL PLACE, AUSTIN TX 55912
Peter G Michielutti officer: Executive VP, CFO & COO 2400 XENIUM LANE NORTH PLYMOUTH MN 55441
Joel N Waller director 2400 XENIUM LANE NORTH PLYMOUTH MN 55441
Lyle Berman director 10275 WAYZATA BOULEVARD, SUITE 100, MINNETONKA MN 55305
Cheryl L Vitali director
Jenele C Grassle officer: Vice President 605 HWY 169 N, SUITE 400, MINNEAPOLIS MN 55441

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