Telestone Technologies (FRA:MSOA) Cash Ratio : 0.06 (As of Dec. 2012)

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What is Telestone Technologies Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Telestone Technologies's Cash Ratio for the quarter that ended in Dec. 2012 was 0.06.

Telestone Technologies has a Cash Ratio of 0.06. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.

The historical rank and industry rank for Telestone Technologies's Cash Ratio or its related term are showing as below:

FRA:MSOA's Cash Ratio is not ranked ^*
in the Hardware industry.
Industry Median: 0.66
* Ranked among companies with meaningful Cash Ratio only.

Telestone Technologies Cash Ratio Historical Data

The historical data trend for Telestone Technologies's Cash 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.

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Telestone Technologies Cash Ratio Chart

Telestone Technologies Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Cash Ratio

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0.22

0.25

0.12

0.06

Telestone Technologies Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Cash Ratio	Get a 7-Day Free Trial															0.12	0.08	0.05	0.06	0.06

Competitive Comparison of Telestone Technologies's Cash Ratio

For the Communication Equipment subindustry, Telestone Technologies's Cash Ratio, along with its competitors' market caps and Cash 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.

Telestone Technologies's Cash Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Telestone Technologies's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Telestone Technologies's Cash Ratio falls into.

Telestone Technologies Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Telestone Technologies's Cash Ratio for the fiscal year that ended in Dec. 2012 is calculated as:

Cash Ratio (A: Dec. 2012 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	6.504	/	116.94
	=	0.06

Telestone Technologies's Cash Ratio for the quarter that ended in Dec. 2012 is calculated as:

Cash Ratio (Q: Dec. 2012 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	6.504	/	116.94
	=	0.06

Telestone Technologies (FRA:MSOA) Cash Ratio Explanation

The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.

The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.

In general, the higher the cash ratio, the better the company's liquidity position.

Telestone Technologies Cash Ratio Related Terms

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Telestone Technologies (FRA:MSOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Telestone Technologies Corporation (FRA:MSOA) » Definitions » Cash Ratio

Traded in Other Exchanges

N/A

Address

Website

http://www.telestone.com

Telestone Technologies Corp was organized under the laws of the State of Colorado in February 1987 under the name Shield Enterprises, Inc. In August 2004, TSTC reincorporated in the State of Delaware under the name Telestone Technologies Corporation. It provides access network solutions in China. The company's access network solutions include the research and development and application of access-network technology. In addition to its homegrown access-network equipment, which includes repeaters, antennas, and radio-frequency peripherals, the company offers project design, project management, installation, maintenance, and other after sales services to its customers. The company offers WFDS, a next generation wireless distribution system. WFDS is an all-optical network that combines the technologies of both wireless and optical telecommunications. As of December 31, 2011, it completed 499 WFDS installations. The company designs and sells electronic equipment used to provide access-network solutions to its customers. Many of these types of equipment, including WFDS products, RFPA products, passive components and base station antennas for 2G, 3G, Broadband access and CATV networks, are specialized active microwave components designed to meet the needs of its customers.The company provides systems integration services to its customers. The primary systems integration services provided to the company's customers are project design and engineering, specifically, the development and design of indoor and outdoor wireless signal complementary coverage solutions and their applied products. The company also markets its products to 29 countries, including the United States, Vietnam, Mexico, Brazil, Russia, India, the Philippines, Thailand, Ireland, Ecuador, Mongolia, South Africa, Turkey, Indonesia, Colombia, Costa Rica, Argentina, Ukraine, Kazakhstan, Singapore, South Korea, Hong Kong, Saudi Arabia, New Zealand, Bangladesh, the United Arab Emirates, Canada, and Iceland.

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