RFBC (Romana Food Blockchain) Quick Ratio: 0.00 (As of Jul. 2010)


What is Romana Food Blockchain Quick Ratio?

Romana Food Blockchain RFBC -99.00% Quick Ratio is 0.00 as of Jul. 2010.

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. Romana Food Blockchain's quick ratio for the quarter that ended in Jul. 2010 was 0.00.

Romana Food Blockchain 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 Romana Food Blockchain's Quick Ratio or its related term are showing as below:

RFBC's Quick Ratio is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 1.12
* Ranked among companies with meaningful Quick Ratio only.

Romana Food Blockchain  (OTCPK:RFBC) 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.

Romana Food Blockchain Quick Ratio Related Terms

Romana Food Blockchain Quick Ratio Historical Data

* Premium members only.

The historical data trend for Romana Food Blockchain'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.

Romana Food Blockchain Quick Ratio Chart

Romana Food Blockchain Annual Data
Trend Oct07 Oct08 Oct09
Quick Ratio
0.00 0.25 0.06

Romana Food Blockchain Quarterly Data
Apr07 Jul07 Oct07 Jan08 Apr08 Jul08 Oct08 Jan09 Apr09 Jul09 Oct09 Jan10 Apr10 Jul10
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 0.06 0.06 0.00 0.00 0.00

RFBC vs FVRG: Quick Ratio Comparison

For the Packaged Foods subindustry, Romana Food Blockchain'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.

Romana Food Blockchain Quick Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Romana Food Blockchain's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Romana Food Blockchain's Quick Ratio falls into.


Romana Food Blockchain 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.

Romana Food Blockchain's Quick Ratio for the fiscal year that ended in Oct. 2009 is calculated as

Quick Ratio (A: Oct. 2009 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.001-0)/0.017
=0.06

Romana Food Blockchain's Quick Ratio for the quarter that ended in Jul. 2010 is calculated as

Quick Ratio (Q: Jul. 2010 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0-0)/0.02
=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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 0.00 mean?
Romana Food Blockchain (RFBC) has a Quick Ratio of 0.00 as of Jul. 2010. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Romana Food Blockchain and its competitors.
Is Romana Food Blockchain's Quick Ratio too high?
Romana Food Blockchain's current Quick Ratio is 0.00.
How does Romana Food Blockchain's Quick Ratio compare to FVRG?
Romana Food Blockchain's Quick Ratio of 0.00 can be compared against companies in the Consumer Packaged Goods industry. The industry median Quick Ratio is 1.12. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Consumer Packaged Goods company?
The median Quick Ratio among Consumer Packaged Goods companies is 1.12, based on 1,987 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Romana Food Blockchain and its competitors. For the Consumer Packaged Goods industry, the median Quick Ratio is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Romana Food Blockchain's current Quick Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Romana Food Blockchain stock overvalued right now?
Romana Food Blockchain (RFBC) has a current Quick Ratio of 0.00. The current Quick Ratio is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Romana Food Blockchain (RFBC), the current Quick Ratio is 0.00 as of Jul. 2010. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Romana Food Blockchain Business Description

Address 2910 South Sheridan Way, Oakville, ON, CAN, L6J 7J8
Romana Food Blockchain Corp is a USA based company that owns and operates a food processing plants specializing in Italian products. Its clients include Costco, Imvescor, Loblaws, Maxi, Metro, Provigo, Sobeys, Super C, and Trader Joe's.