GURUFOCUS.COM » STOCK LIST » Technology » Software » Interplay Entertainment Corp (OTCPK:IPLY) » Definitions » Quick Ratio

Interplay Entertainment (Interplay Entertainment) Quick Ratio : 0.05 (As of Mar. 2011)


View and export this data going back to 1998. Start your Free Trial

What is Interplay Entertainment 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. Interplay Entertainment's quick ratio for the quarter that ended in Mar. 2011 was 0.05.

Interplay Entertainment 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 Interplay Entertainment's Quick Ratio or its related term are showing as below:

IPLY's Quick Ratio is not ranked *
in the Software industry.
Industry Median: 1.655
* Ranked among companies with meaningful Quick Ratio only.

Interplay Entertainment Quick Ratio Historical Data

The historical data trend for Interplay Entertainment'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.

Interplay Entertainment Quick Ratio Chart

Interplay Entertainment Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.34 0.05 0.04 0.08

Interplay Entertainment Quarterly Data
Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11
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 0.23 0.09 0.07 0.08 0.05

Competitive Comparison of Interplay Entertainment's Quick Ratio

For the Software - Application subindustry, Interplay Entertainment'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.


Interplay Entertainment's Quick Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Interplay Entertainment's Quick Ratio distribution charts can be found below:

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



Interplay Entertainment 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.

Interplay Entertainment's Quick Ratio for the fiscal year that ended in Dec. 2010 is calculated as

Quick Ratio (A: Dec. 2010 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.257-0.01)/3.134
=0.08

Interplay Entertainment's Quick Ratio for the quarter that ended in Mar. 2011 is calculated as

Quick Ratio (Q: Mar. 2011 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.189-0.011)/3.416
=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.


Interplay Entertainment  (OTCPK:IPLY) 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.


Interplay Entertainment Quick Ratio Related Terms

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


Interplay Entertainment (Interplay Entertainment) Business Description

Traded in Other Exchanges
N/A
Address
12301 Wilshire Boulevard, Los Angeles, CA, USA, 90025
Interplay Entertainment Corp is a publisher, distributor and licensor of interactive entertainment software for both core gamers and the mass market.
Executives
Robert Stefanovich director
Gerald A Deciccio director 92 CORPORATE PARK, C-141, IRVINE CA 92606

Interplay Entertainment (Interplay Entertainment) Headlines

From GuruFocus

Interplay Introduces New Descent with Extra Bonus

By ACCESSWIRE AccessWire 04-12-2019