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Affinity Beverage Group (Affinity Beverage Group) Quick Ratio : 0.00 (As of Sep. 2006)


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What is Affinity Beverage Group 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. Affinity Beverage Group's quick ratio for the quarter that ended in Sep. 2006 was 0.00.

Affinity Beverage Group has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Affinity Beverage Group's Quick Ratio or its related term are showing as below:

ABVG's Quick Ratio is not ranked *
in the Beverages - Non-Alcoholic industry.
Industry Median: 1.33
* Ranked among companies with meaningful Quick Ratio only.

Affinity Beverage Group Quick Ratio Historical Data

The historical data trend for Affinity Beverage Group'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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Affinity Beverage Group Quick Ratio Chart

Affinity Beverage Group Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05
Quick Ratio
Get a 7-Day Free Trial - - 0.23 1.16 0.32

Affinity Beverage Group Quarterly Data
Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06
Quick 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 0.52 0.32 0.42 0.51 -

Competitive Comparison of Affinity Beverage Group's Quick Ratio

For the Beverages - Non-Alcoholic subindustry, Affinity Beverage Group'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.


Affinity Beverage Group's Quick Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Affinity Beverage Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Affinity Beverage Group's Quick Ratio falls into.



Affinity Beverage Group 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.

Affinity Beverage Group's Quick Ratio for the fiscal year that ended in Dec. 2005 is calculated as

Quick Ratio (A: Dec. 2005 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1.051-0.089)/2.969
=0.32

Affinity Beverage Group's Quick Ratio for the quarter that ended in Sep. 2006 is calculated as

Quick Ratio (Q: Sep. 2006 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0-0)/1.74
=0.00

* 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.


Affinity Beverage Group  (GREY:ABVG) 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.


Affinity Beverage Group Quick Ratio Related Terms

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Affinity Beverage Group (Affinity Beverage Group) Business Description

Traded in Other Exchanges
N/A
Address
2360 Corporate Circle, Suite 400, Henderson, NV, USA, 89074
Affinity Beverage Group Inc is focused on branded consumer product acquisition opportunities in the health and wellness sector. The company primarily targets lifestyle brands, companies, and exclusive brand distribution rights focusing on traditional and non-traditional, healthy beverage options. It will also seek opportunities in young brands specializing in all natural/organic foods, bio-food, supplements and personal care products for strategic partnerships, distribution agreements, and potential acquisition.

Affinity Beverage Group (Affinity Beverage Group) Headlines

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