GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Anadigics Inc (NAS:ANAD) » Definitions » Quick Ratio

Anadigics (Anadigics) Quick Ratio : 1.52 (As of Dec. 2015)


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

What is Anadigics 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. Anadigics's quick ratio for the quarter that ended in Dec. 2015 was 1.52.

Anadigics has a quick ratio of 1.52. It generally indicates good short-term financial strength.

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

ANAD's Quick Ratio is not ranked *
in the Semiconductors industry.
Industry Median: 1.84
* Ranked among companies with meaningful Quick Ratio only.

Anadigics Quick Ratio Historical Data

The historical data trend for Anadigics'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.

Anadigics Quick Ratio Chart

Anadigics Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.90 3.08 2.44 1.88 1.52

Anadigics Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
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 1.88 2.02 1.89 1.85 1.52

Competitive Comparison of Anadigics's Quick Ratio

For the Semiconductors subindustry, Anadigics'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.


Anadigics's Quick Ratio Distribution in the Semiconductors Industry

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

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



Anadigics 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.

Anadigics's Quick Ratio for the fiscal year that ended in Dec. 2015 is calculated as

Quick Ratio (A: Dec. 2015 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(21.506-7.227)/9.389
=1.52

Anadigics's Quick Ratio for the quarter that ended in Dec. 2015 is calculated as

Quick Ratio (Q: Dec. 2015 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(21.506-7.227)/9.389
=1.52

* 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.


Anadigics  (NAS:ANAD) 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.


Anadigics Quick Ratio Related Terms

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


Anadigics (Anadigics) Business Description

Traded in Other Exchanges
N/A
Address
Anadigics Inc was incorporated in the state of Delaware in 1984. The Company designs and manufactures radio frequency semiconductor solutions for cellular, WiFi, wireless infrastructure and CATV applications. It also design, develop and manufacture RFICs using GaAs compound semiconductor substrates with various process technologies, MESFET, pHEMT and HBT. The Company is focused on enabling communications connectivity with RF solutions that offer greater performance and integration to enhance the user's experience. It is a customer-centric organization that works closely with equipment manufacturers, such as OEMs and ODMs. Its product portfolio includes power amplifiers, FEICs, FEMs and line amplifiers. Its products are optimized for wireless and infrastructure communications applications including; its cellular power amplifiers and FEMs enable mobile handsets, smartphones, tablets, notebooks, datacards, automotive, M2M, and industrial devices to access 3G and 4G wireless networks. These networks operate on international standards, such as LTE, HSPA, WCDMA, EVDO, CDMA, and WiMAX; its WiFi FEICs and power amplifiers enable wireless LAN connectivity for mobile, multimedia and infrastructure devices, including smartphones, tablets, notebooks, televisions, set-top boxes, modems, routers, and access points. These solutions are optimized for the latest WiFi standards, including 802.11ac and 802.11n; and its infrastructure solutions include both wireless infrastructure and CATV products; wireless infrastructure power amplifiers enable 3G and 4G small-cell base stations, and CATV line amplifiers and other RF products provide the critical link in CATV network infrastructure devices, as well as set-top boxes and cable modems. The Company's product line includes as per market; its Cellular product line includes power amplifier modules for CDMA/EVDO, GSM/EDGE, WCDMA/HSPA, LTE and other wireless technologies for mobile handsets and data device; its WiFi products include power amplifiers and front-end ICs for mobile handsets, data devices, entertainment devices, routers, access points and base stations; and its Infrastructure product line encompasses video, voice and data telecommunications systems, consisting of CATV, and Wireless Infrastructure applications. Its products are sold mainly to direct customers. Additionally it uses independent manufacturers' representatives and distributors for direct sales and customer support efforts. GaAs wafers, HBT/pHEMT epitaxial wafers, passive components, other raw materials, and equipment used in the production of ICs are available from a limited number of sources. It competes with companies including Avago Technologies Limited, RF Micro Devices, Inc., Skyworks Solutions, Inc. and TriQuint Semiconductor, Inc. The Company's operations are subject to federal, state and local environmental laws, regulations and ordinances.
Executives
Richard B Kelson director MEADWESTVACO CORPORATION, ONE HIGH RIDGE PARK, STAMFORD CT 06905
Dennis F Strigl director 140 WEST STREET, 29TH FLOOR, NEW YORK NY 10007
Lewis Solomon director
Mario Rivas other: Former President & CEO 141 MT. BETHEL ROAD, WARREN NJ 07059
Gilles Delfassy director ONSEMI C/O H. SPENCER, 5701 NORTH PIMA ROAD, SCOTTSDALE AZ 85250
Bami Bastani director, officer: CEO

Anadigics (Anadigics) Headlines

From GuruFocus

ANADIGICS Inc. (ANAD) CFO Thomas C Shields sells 3,470 Shares

By GuruFocus Research GuruFocus Editor 02-24-2010

ANADIGICS Inc. (ANAD) CFO Thomas C Shields sells 6,059 Shares

By GuruFocus Research GuruFocus Editor 03-01-2010

ANADIGICS Inc. (ANAD) President & CEO Mario Rivas sells 57,444 Shares

By GuruFocus Research GuruFocus Editor 12-14-2010

ANADIGICS Inc. (ANAD) CFO Thomas C Shields sells 5,832 Shares

By GuruFocus Research GuruFocus Editor 03-04-2011

ANADIGICS Inc. (ANAD) CFO Thomas C Shields sells 8,365 Shares

By GuruFocus Research GuruFocus Editor 08-13-2010

ANADIGICS Inc. (ANAD) CFO Thomas C Shields sells 5,441 Shares

By GuruFocus Research GuruFocus Editor 03-04-2010

ANADIGICS Inc. (ANAD) President & CEO Mario Rivas sells 7,049 Shares

By GuruFocus Research GuruFocus Editor 03-01-2010

ANADIGICS Inc. (ANAD) CFO Thomas C Shields sells 9,544 Shares

By GuruFocus Research GuruFocus Editor 02-25-2011

ANADIGICS Inc. (ANAD) CEO Mario Rivas buys 25,000 Shares

By GuruFocus Research GuruFocus Editor 11-30-2009