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. Cono Italiano's quick ratio for the quarter that ended in Sep. 2013 was 0.00.
Cono Italiano 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 Cono Italiano's Quick Ratio or its related term are showing as below:
CNOZ's Quick Ratio is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 1.03 * Ranked among companies with meaningful Quick Ratio only.
Cono Italiano Quick Ratio Historical Data
The historical data trend for Cono Italiano'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.
Competitive Comparison of Cono Italiano's Quick Ratio
For the Packaged Foods subindustry, Cono Italiano'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.
Cono Italiano's Quick Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Cono Italiano's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Cono Italiano's Quick Ratio falls into.
Cono Italiano 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.
Cono Italiano's Quick Ratio for the fiscal year that ended in Dec. 2012 is calculated as
* 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.
Cono Italiano (GREY:CNOZ) 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.
Cono Italiano Quick Ratio Related Terms
Thank you for viewing the detailed overview of Cono Italiano's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Cono Italiano (Cono Italiano) Business Description
Cono Italiano Inc was incorporated in the State of Nevada on September 9, 2004. It is a development stage company. It operates in fast food industry throughout the United States, Canada and Mexico and currently sell them in stadiums, arenas, at universities and through catering companies. Cono Italiano is licensed to distribute a food product called the 'Pizza Cono'. The Company intends to contact food distributors who sell to the restaurant community to distribute the product. The Company will seek to develop relationships with independent commissioned sales representatives throughout the country to sell and market the product to the retail community and specialty customers.
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