Lombard Medical Technologies (LSE:LMT) Cash Ratio : 0.54 (As of Dec. 2012)

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What is Lombard Medical 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. Lombard Medical Technologies's Cash Ratio for the quarter that ended in Dec. 2012 was 0.54.

Lombard Medical Technologies has a Cash Ratio of 0.54. 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 Lombard Medical Technologies's Cash Ratio or its related term are showing as below:

LSE:LMT's Cash Ratio is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 1.2
* Ranked among companies with meaningful Cash Ratio only.

Lombard Medical Technologies Cash Ratio Historical Data

The historical data trend for Lombard Medical 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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Lombard Medical Technologies Cash Ratio Chart

Lombard Medical Technologies Annual Data

Trend

Sep02

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Cash Ratio

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0.21

0.63

2.23

2.54

0.54

Lombard Medical Technologies Semi-Annual Data
	Sep02	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12
Cash Ratio	Get a 7-Day Free Trial					0.21	0.63	2.23	2.54	0.54

Competitive Comparison of Lombard Medical Technologies's Cash Ratio

For the Medical Instruments & Supplies subindustry, Lombard Medical 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.

Lombard Medical Technologies's Cash Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Lombard Medical Technologies's Cash Ratio distribution charts can be found below:

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

Lombard Medical 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.

Lombard Medical 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
	=	2.748	/	5.086
	=	0.54

Lombard Medical 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
	=	2.748	/	5.086
	=	0.54

Lombard Medical Technologies (LSE:LMT) 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.

Lombard Medical Technologies Cash Ratio Related Terms

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Lombard Medical Technologies (LSE:LMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Lombard Medical Technologies PLC (LSE:LMT) » Definitions » Cash Ratio

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Address

Website

http://www.lombardmedical.com

Lombard Medical Technologies PLC is engaged in the design and development of endovascular stent grafts, their manufacture, and commercialization either directly through the group's own sales force or through a network of local distributors supported by clinical specialists from Lombard Medical. The principal product, the AorfixT AAA stent graft has European CE mark approval for use in patients with high-angle-neck aneurysms of up to 90 degrees. The group has operations in United Kingdom and United States of America.