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  (:) Quick Ratio: 0.00 (As of . 20)

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. 's quick ratio for the quarter that ended in . 20 was 0.00.

has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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Annual Data

Quick Ratio

Semi-Annual Data

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.

's Quick Ratio for the fiscal year that ended in . 20 is calculated as

's Quick Ratio for the quarter that ended in . 20 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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.


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