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Solar Thin Films (Solar Thin Films) Quick Ratio : 0.14 (As of Sep. 2010)


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What is Solar Thin Films 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. Solar Thin Films's quick ratio for the quarter that ended in Sep. 2010 was 0.14.

Solar Thin Films has a quick ratio of 0.14. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Solar Thin Films's Quick Ratio or its related term are showing as below:

SLTZ's Quick Ratio is not ranked *
in the Semiconductors industry.
Industry Median: 1.815
* Ranked among companies with meaningful Quick Ratio only.

Solar Thin Films Quick Ratio Historical Data

The historical data trend for Solar Thin Films'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.

Solar Thin Films Quick Ratio Chart

Solar Thin Films Annual Data
Trend Jul00 Jul01 Jul02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.92 1.37 0.26 0.41

Solar Thin Films Quarterly Data
Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10
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 0.39 0.41 0.33 0.30 0.14

Competitive Comparison of Solar Thin Films's Quick Ratio

For the Solar subindustry, Solar Thin Films'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.


Solar Thin Films's Quick Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solar Thin Films's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Solar Thin Films's Quick Ratio falls into.



Solar Thin Films 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.

Solar Thin Films's Quick Ratio for the fiscal year that ended in Dec. 2009 is calculated as

Quick Ratio (A: Dec. 2009 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2.898-0.131)/6.777
=0.41

Solar Thin Films's Quick Ratio for the quarter that ended in Sep. 2010 is calculated as

Quick Ratio (Q: Sep. 2010 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1.782-1.032)/5.264
=0.14

* 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.


Solar Thin Films  (GREY:SLTZ) 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.


Solar Thin Films Quick Ratio Related Terms

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Solar Thin Films (Solar Thin Films) Business Description

Traded in Other Exchanges
N/A
Address
1140 RXR Plaza Uniondale, New York, NY, USA, 11556
Solar Thin Films Inc offers solar panels that are made in America. The company also provides fiberglass reinforced plastics used to make shipping containers as well as temporary and permanent houses.

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