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Enable Ipc (Enable Ipc) Quick Ratio : 0.01 (As of Sep. 2008)


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What is Enable Ipc Quick Ratio?

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. Enable Ipc's quick ratio for the quarter that ended in Sep. 2008 was 0.01.

Enable Ipc has a quick ratio of 0.01. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Enable Ipc's Quick Ratio or its related term are showing as below:

EIPC's Quick Ratio is not ranked *
in the Industrial Products industry.
Industry Median: 1.4
* Ranked among companies with meaningful Quick Ratio only.

Enable Ipc Quick Ratio Historical Data

The historical data trend for Enable Ipc'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.

Enable Ipc Quick Ratio Chart

Enable Ipc Annual Data
Trend Mar05 Mar06 Mar07 Mar08
Quick Ratio
1.08 0.01 0.07 0.10

Enable Ipc Quarterly Data
Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 0.03 0.10 0.04 0.01

Competitive Comparison of Enable Ipc's Quick Ratio

For the Electrical Equipment & Parts subindustry, Enable Ipc'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.


Enable Ipc's Quick Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Enable Ipc's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Enable Ipc's Quick Ratio falls into.



Enable Ipc 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.

Enable Ipc's Quick Ratio for the fiscal year that ended in Mar. 2008 is calculated as

Quick Ratio (A: Mar. 2008 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.069-0)/0.702
=0.10

Enable Ipc's Quick Ratio for the quarter that ended in Sep. 2008 is calculated as

Quick Ratio (Q: Sep. 2008 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.009-0)/0.762
=0.01

* 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.


Enable Ipc  (OTCPK:EIPC) 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.


Enable Ipc Quick Ratio Related Terms

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Enable Ipc (Enable Ipc) Business Description

Traded in Other Exchanges
N/A
Address
26893 Bouquet Canyon Road, Suite C-110, Saugus, CA, USA, 91350
Enable Ipc Corp. is engaged in the development of new power technologies that combine thin films and nanotechnology. The company's products include potentiostat, galvanostat and impedance anaylzer systems.

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