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Mansfelder Metals (Mansfelder Metals) Quick Ratio : 0.20 (As of Sep. 2007)


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What is Mansfelder Metals 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. Mansfelder Metals's quick ratio for the quarter that ended in Sep. 2007 was 0.20.

Mansfelder Metals has a quick ratio of 0.20. It indicates that the company cannot currently fully pay back its current liabilities.

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

MNSF's Quick Ratio is not ranked *
in the Metals & Mining industry.
Industry Median: 1.64
* Ranked among companies with meaningful Quick Ratio only.

Mansfelder Metals Quick Ratio Historical Data

The historical data trend for Mansfelder Metals'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.

Mansfelder Metals Quick Ratio Chart

Mansfelder Metals Annual Data
Trend Jul97 Jul98 Jul99 Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Dec06
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.27 4.33 3.97 0.47 0.28

Mansfelder Metals Quarterly Data
Oct02 Jan03 Apr03 Jul03 Oct03 Jan04 Apr04 Jul04 Oct04 Jan05 Apr05 Jul05 Oct05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07
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 0.40 0.28 0.32 0.39 0.20

Competitive Comparison of Mansfelder Metals's Quick Ratio

For the Aluminum subindustry, Mansfelder Metals'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.


Mansfelder Metals's Quick Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mansfelder Metals's Quick Ratio distribution charts can be found below:

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



Mansfelder Metals 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.

Mansfelder Metals's Quick Ratio for the fiscal year that ended in Dec. 2006 is calculated as

Quick Ratio (A: Dec. 2006 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(21.677-15.212)/22.942
=0.28

Mansfelder Metals's Quick Ratio for the quarter that ended in Sep. 2007 is calculated as

Quick Ratio (Q: Sep. 2007 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(18.461-12.146)/30.852
=0.20

* 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.


Mansfelder Metals  (OTCPK:MNSF) 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.


Mansfelder Metals Quick Ratio Related Terms

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Mansfelder Metals (Mansfelder Metals) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Unit 803, Dina House, Ruttonjee Centre 11 Duddell Street, Central, HKG, 200070
Website
Mansfelder Metals Ltd is engaged in manufacturing and trading of aluminum products.
Executives
Miller Lloyd I Iii 10 percent owner
Stefan Feuerstein officer: Chief Operating Officer BERLIN CHARLOTTEN STR 59, GERMANY D-1017 2M 00000
Mfc Bancorp Ltd 10 percent owner ROOM 2103 SHANGHAI MART TOWER, 2299 YAN AN ROAD WEST, CHANGNING DISTRICT, SHANGHAI F4 200336
Gavin James R Iii director BAXTER INTERNATIONAL INC, ONE BAXTER PARKWAY, DEERFIELD IL 60015

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