Covista Communications (Covista Communications) Quick Ratio : 1.46 (As of Apr. 2005)

Covista Communications Quick Ratio Chart

Covista Communications Annual Data
	Trend	Jan96	Jan97	Jan98	Jan99	Jan00	Jan01	Jan02	Jan03	Jan04	Jan05
Quick Ratio		Get a 7-Day Free Trial					0.76	0.55	0.67	0.71	1.33

Covista Communications Quarterly Data
	Jul00	Oct00	Jan01	Apr01	Jul01	Oct01	Jan02	Apr02	Jul02	Oct02	Jan03	Apr03	Jul03	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05
Quick Ratio	Get a 7-Day Free Trial															0.68	0.65	1.27	1.33	1.46

Competitive Comparison of Covista Communications's Quick Ratio

For the Telecom Services subindustry, Covista Communications'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.

Covista Communications's Quick Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Covista Communications's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Covista Communications's Quick Ratio falls into.

Covista Communications 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.

Covista Communications's Quick Ratio for the fiscal year that ended in Jan. 2005 is calculated as

Covista Communications's Quick Ratio for the quarter that ended in Apr. 2005 is calculated as

* 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.

Covista Communications  (OTCPK:CVST) 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.

Covista Communications Quick Ratio Related Terms

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Covista Communications (Covista Communications) Business Description