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Blue Water Ventures International (Blue Water Ventures International) Quick Ratio : 0.96 (As of Mar. 2012)


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What is Blue Water Ventures International 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. Blue Water Ventures International's quick ratio for the quarter that ended in Mar. 2012 was 0.96.

Blue Water Ventures International has a quick ratio of 0.96. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Blue Water Ventures International's Quick Ratio or its related term are showing as below:

BWVI's Quick Ratio is not ranked *
in the Business Services industry.
Industry Median: 1.54
* Ranked among companies with meaningful Quick Ratio only.

Blue Water Ventures International Quick Ratio Historical Data

The historical data trend for Blue Water Ventures International'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.

* Premium members only.

Blue Water Ventures International Quick Ratio Chart

Blue Water Ventures International Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Quick Ratio
Get a 7-Day Free Trial - 0.72 0.81 0.92 0.85

Blue Water Ventures International Quarterly Data
Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12
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 0.90 0.84 0.76 0.85 0.96

Competitive Comparison of Blue Water Ventures International's Quick Ratio

For the Specialty Business Services subindustry, Blue Water Ventures International'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.


Blue Water Ventures International's Quick Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Blue Water Ventures International's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Blue Water Ventures International's Quick Ratio falls into.



Blue Water Ventures International 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.

Blue Water Ventures International's Quick Ratio for the fiscal year that ended in Dec. 2011 is calculated as

Quick Ratio (A: Dec. 2011 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1.264-0.004)/1.475
=0.85

Blue Water Ventures International's Quick Ratio for the quarter that ended in Mar. 2012 is calculated as

Quick Ratio (Q: Mar. 2012 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1.457-0.003)/1.516
=0.96

* 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.


Blue Water Ventures International  (OTCPK:BWVI) 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.


Blue Water Ventures International Quick Ratio Related Terms

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Blue Water Ventures International (Blue Water Ventures International) Business Description

Traded in Other Exchanges
N/A
Address
515 E. Las Olas Boulevard, Suite 120, Fort Lauderdale, FL, USA, 33301
Blue Water Ventures International Inc, through its subsidiary, is engaged in the archaeologically sensitive exploration, discovery and recovery of historical cultural artifacts, intrinsically valuable cargo and treasure from ocean shipwrecks. The company designs treasure and nautical-themed jewelry and re-creations with the part of treasure and artifacts that it has recovered in it. It also leases its crew and vessels to other entities involved in discovery and recovery from ocean shipwrecks. The firm markets its treasure and artifacts through auction houses, websites, retail and distribution outlets, and directly to the public.