GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GetFugu Inc (OTCPK:GFGU) » Definitions » Quick Ratio

GetFugu (GetFugu) Quick Ratio : 0.01 (As of Jun. 2010)


View and export this data going back to 2007. Start your Free Trial

What is GetFugu 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. GetFugu's quick ratio for the quarter that ended in Jun. 2010 was 0.01.

GetFugu has a quick ratio of 0.01. It indicates that the company cannot currently fully pay back its current liabilities.

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

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

GetFugu Quick Ratio Historical Data

The historical data trend for GetFugu'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.

GetFugu Quick Ratio Chart

GetFugu Annual Data
Trend Dec08 Dec09
Quick Ratio
- 0.01

GetFugu Quarterly Data
Mar07 Jun07 Sep07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.10 0.01 0.01 0.01

Competitive Comparison of GetFugu's Quick Ratio

For the Specialty Business Services subindustry, GetFugu'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.


GetFugu's Quick Ratio Distribution in the Business Services Industry

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

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



GetFugu 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.

GetFugu's Quick Ratio for the fiscal year that ended in Dec. 2009 is calculated as

Quick Ratio (A: Dec. 2009 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.092-0)/6.975
=0.01

GetFugu's Quick Ratio for the quarter that ended in Jun. 2010 is calculated as

Quick Ratio (Q: Jun. 2010 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.054-0)/9.986
=0.01

* 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.


GetFugu  (OTCPK:GFGU) 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.


GetFugu Quick Ratio Related Terms

Thank you for viewing the detailed overview of GetFugu's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


GetFugu (GetFugu) Business Description

Traded in Other Exchanges
N/A
Address
8560 West Sunset Boulevard, 7th Floor, West Hollywood, CA, USA, 90069
GetFugu Inc is engaged in the development of next generation mobile search tools.
Executives
Michael Jay Solomon director 1174 N. HILLCREST ROAD, BEVERLY HILLS CA 90210
Chuck Timpe director 11111 SANTA MONICA BLVD STE. 550, LOS ANGELES CA 90025
Eric Stoppenhagen officer: Interim CFO and Secretary 8908 SPLITARROW DRIVE, AUSTIN TX 78717

GetFugu (GetFugu) Headlines

No Headlines