GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Marketing Worldwide Corp (OTCPK:MWWC) » Definitions » Quick Ratio

Marketing Worldwide (Marketing Worldwide) Quick Ratio : 0.04 (As of Mar. 2013)


View and export this data going back to 2006. Start your Free Trial

What is Marketing Worldwide 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. Marketing Worldwide's quick ratio for the quarter that ended in Mar. 2013 was 0.04.

Marketing Worldwide has a quick ratio of 0.04. It indicates that the company cannot currently fully pay back its current liabilities.

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

MWWC's Quick Ratio is not ranked *
in the Media - Diversified industry.
Industry Median: 1.44
* Ranked among companies with meaningful Quick Ratio only.

Marketing Worldwide Quick Ratio Historical Data

The historical data trend for Marketing Worldwide'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.

Marketing Worldwide Quick Ratio Chart

Marketing Worldwide Annual Data
Trend Sep04 Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11
Quick Ratio
Get a 7-Day Free Trial 0.92 0.73 0.25 0.07 0.05

Marketing Worldwide Quarterly Data
Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13
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 0.04 0.02 0.04 0.04 0.04

Competitive Comparison of Marketing Worldwide's Quick Ratio

For the Entertainment subindustry, Marketing Worldwide'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.


Marketing Worldwide's Quick Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Marketing Worldwide's Quick Ratio distribution charts can be found below:

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



Marketing Worldwide 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.

Marketing Worldwide's Quick Ratio for the fiscal year that ended in Sep. 2011 is calculated as

Quick Ratio (A: Sep. 2011 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.3-0.093)/4.374
=0.05

Marketing Worldwide's Quick Ratio for the quarter that ended in Mar. 2013 is calculated as

Quick Ratio (Q: Mar. 2013 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.284-0.083)/5.544
=0.04

* 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.


Marketing Worldwide  (OTCPK:MWWC) 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.


Marketing Worldwide Quick Ratio Related Terms

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


Marketing Worldwide (Marketing Worldwide) Business Description

Traded in Other Exchanges
N/A
Address
16730 Creek Bend Drive, Sugar Land, TX, USA, 77478
Marketing Worldwide Corp through its wholly-owned subsidiary, Marketing Worldwide LLC, is engaged in the design, import and distribution of automotive accessories for motor vehicles in the automotive aftermarket industry. The Company intends to expand as an acquisition incubator, purchasing companies and patents built by passionate visionaries.

Marketing Worldwide (Marketing Worldwide) Headlines

From GuruFocus

Marketing Worldwide Corporation Provides Shareholder Update

By ACCESSWIRE ACCESSWIRE 10-05-2021

Marketing Worldwide Activates Minosis Token Pre-Sale Launchpad

By ACCESSWIRE ACCESSWIRE 05-19-2022