Mad Catz Interactive (Mad Catz Interactive) Quick Ratio

: 0.36 (As of Dec. 2016)

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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. Mad Catz Interactive's quick ratio for the quarter that ended in Dec. 2016 was 0.36.

Mad Catz Interactive has a quick ratio of 0.36. It indicates that the company cannot currently fully pay back its current liabilities.

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

MCZAF's Quick Ratio is not ranked ^*
in the Hardware industry.
Industry Median: 1.47
* Ranked among companies with meaningful Quick Ratio only.

Mad Catz Interactive Quick Ratio Historical Data

The historical data trend for Mad Catz Interactive'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 0.55 [6] => 0.65 [7] => 0.56 [8] => 0.61 [9] => 0.34 )

Mad Catz Interactive Annual Data

Trend

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Quick Ratio

0.55

0.65

0.56

0.61

0.34

Mad Catz Interactive Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Quick Ratio																0.59	0.34	0.19	0.27	0.36

Competitive Comparison

For the Computer Hardware subindustry, Mad Catz Interactive'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.

Mad Catz Interactive Quick Ratio Distribution

For the Hardware industry and Technology sector, Mad Catz Interactive's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Mad Catz Interactive's Quick Ratio falls into.

Mad Catz Interactive 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.

Mad Catz Interactive's Quick Ratio for the fiscal year that ended in Mar. 2016 is calculated as

Quick Ratio (A: Mar. 2016 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(39.832	-	23.005)	/	49.829
	=	0.34

Mad Catz Interactive's Quick Ratio for the quarter that ended in Dec. 2016 is calculated as

Quick Ratio (Q: Dec. 2016 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(29.899	-	15.37)	/	40.875
	=	0.36

Mad Catz Interactive (OTCPK:MCZAF) 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.

Mad Catz Interactive Quick Ratio Related Terms

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Mad Catz Interactive (Mad Catz Interactive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mad Catz Interactive Inc (OTCPK:MCZAF) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

181 Bay Street, Suite 4400, Toronto, ON, CAN, M5J 2T3

Website

http://www.madcatz.com

Mad Catz Interactive Inc is a Canadian company which is engaged in designing, manufacturing, marketing and distributing interactive entertainment products marketed under Mad Catz (gaming), Tritton (audio), and Saitek (simulation) brands. The company's products include headsets, mice, keyboards, controllers, specialty controllers, and other accessories. It caters to gamers and simulation enthusiast across multiple platforms including in-home gaming consoles, handheld gaming consoles, PC (Personal Computers) and Mac computers, smartphones, tablets and other smart devices. The company distributes its products through various retailers around the globe. Mad Catz derives the majority of its revenue from Americas.

Executives

Karen K Mcginnis	director, officer: President & CEO	INSIGHT ENTERPRISES INC, 1305 WEST AUTO DRIVE, TEMPE AZ 85284
Thomas R Brown	director	15378 AVENUE OF SCIENCE SUITE 100, SAN DIEGO CA 92128
Morris Perlis	director	C/O COUNSEL CORPORATION, 700 - 1 TORONTO ST., TORONTO A6 M5C 2V6