ASFX (American Scientific Resources) Quick Ratio: 0.05 (As of Sep. 2011)


What is American Scientific Resources Quick Ratio?

American Scientific Resources ASFX -96.67% Quick Ratio is 0.05 as of Sep. 2011.

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. American Scientific Resources's quick ratio for the quarter that ended in Sep. 2011 was 0.05.

American Scientific Resources has a quick ratio of 0.05. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for American Scientific Resources's Quick Ratio or its related term are showing as below:

ASFX's Quick Ratio is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 1.865
* Ranked among companies with meaningful Quick Ratio only.

American Scientific Resources  (OTCPK:ASFX) 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.

American Scientific Resources Quick Ratio Related Terms

American Scientific Resources Quick Ratio Historical Data

* Premium members only.

The historical data trend for American Scientific Resources'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.

American Scientific Resources Quick Ratio Chart

American Scientific Resources Annual Data
Trend
Quick Ratio

American Scientific Resources Quarterly Data
Sep10 Sep11
Quick Ratio 0.00 0.05

ASFX vs GNID, QTXB, ASNB: Quick Ratio Comparison

For the Medical Instruments & Supplies subindustry, American Scientific Resources'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.

American Scientific Resources Quick Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, American Scientific Resources's Quick Ratio distribution charts can be found below:

* The bar in red indicates where American Scientific Resources's Quick Ratio falls into.


American Scientific Resources 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.

American Scientific Resources's Quick Ratio for the fiscal year that ended in . 20 is calculated as

Quick Ratio (A: . 20 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(-)/
=

American Scientific Resources's Quick Ratio for the quarter that ended in Sep. 2011 is calculated as

Quick Ratio (Q: Sep. 2011 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.635-0.29)/6.747
=0.05

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 0.05 mean?
American Scientific Resources (ASFX) has a Quick Ratio of 0.05 as of Sep. 2011. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on American Scientific Resources and its competitors.
Is American Scientific Resources' Quick Ratio too high?
American Scientific Resources' current Quick Ratio is 0.05. The Medical Devices & Instruments industry median Quick Ratio is 1.87. American Scientific Resources' value of 0.05 is 97.3% below this industry median.
How does American Scientific Resources' Quick Ratio compare to GNID and QTXB?
American Scientific Resources' Quick Ratio of 0.05 can be compared against companies in the Medical Devices & Instruments industry. The industry median Quick Ratio is 1.87. American Scientific Resources' value of 0.05 is 97.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Medical Devices & Instruments company?
The median Quick Ratio among Medical Devices & Instruments companies is 1.87, based on 854 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Scientific Resources's current Quick Ratio of 0.05 is 97.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on American Scientific Resources and its competitors. For the Medical Devices & Instruments industry, the median Quick Ratio is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Scientific Resources's current Quick Ratio is 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Scientific Resources stock overvalued right now?
American Scientific Resources (ASFX) has a current Quick Ratio of 0.05. The current Quick Ratio is 0.05 and 97.3% below the Medical Devices & Instruments industry median of 1.87. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For American Scientific Resources (ASFX), the current Quick Ratio is 0.05 as of Sep. 2011. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

American Scientific Resources Business Description