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Infrax Systems (Infrax Systems) Quick Ratio : 0.00 (As of Jun. 2017)


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What is Infrax Systems 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. Infrax Systems's quick ratio for the quarter that ended in Jun. 2017 was 0.00.

Infrax Systems 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 Infrax Systems's Quick Ratio or its related term are showing as below:

IFXY's Quick Ratio is not ranked *
in the Capital Markets industry.
Industry Median: 2.015
* Ranked among companies with meaningful Quick Ratio only.

Infrax Systems Quick Ratio Historical Data

The historical data trend for Infrax Systems'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.

Infrax Systems Quick Ratio Chart

Infrax Systems Annual Data
Trend Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 - - -

Infrax Systems Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 - - - - -

Competitive Comparison of Infrax Systems's Quick Ratio

For the Capital Markets subindustry, Infrax Systems'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.


Infrax Systems's Quick Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Infrax Systems's Quick Ratio distribution charts can be found below:

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



Infrax Systems 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.

Infrax Systems's Quick Ratio for the fiscal year that ended in Jun. 2017 is calculated as

Quick Ratio (A: Jun. 2017 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.006-0.006)/0.533
=0.00

Infrax Systems's Quick Ratio for the quarter that ended in Jun. 2017 is calculated as

Quick Ratio (Q: Jun. 2017 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.006-0.006)/0.533
=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.


Infrax Systems  (OTCPK:IFXY) 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.


Infrax Systems Quick Ratio Related Terms

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Infrax Systems (Infrax Systems) Business Description

Traded in Other Exchanges
N/A
Address
9595 Six Pines Dr Unit 8, FL 2, Spring, Houston, TX, USA, 77380
Infrax Systems Inc is a United states based company. The company's strategy is to develop and implement effective solutions that cater to the specific needs of this demographic sector. The company caters to the specific needs of the Latin American demographic sector. It strive to address the various challenges faced by these immigrants, such as nostalgic products and the distribution of familiar foods from their home countries, easy access to legal services, insurance solutions, non-traditional remittances management, peer-to-peer financing, and other technology-driven solutions.

Infrax Systems (Infrax Systems) Headlines