Riviera Tool Co (Riviera Tool Co) Quick Ratio : 1.37 (As of Nov. 2006)

Riviera Tool Co Quick Ratio Chart

Riviera Tool Co Annual Data
	Trend	Aug97	Aug98	Aug99	Aug00	Aug01	Aug02	Aug03	Aug04	Aug05	Aug06
Quick Ratio		Get a 7-Day Free Trial					0.75	1.63	0.66	1.17	1.55

Riviera Tool Co Quarterly Data
	Feb02	May02	Aug02	Nov02	Feb03	May03	Aug03	Nov03	Feb04	May04	Aug04	Nov04	Feb05	May05	Aug05	Nov05	Feb06	May06	Aug06	Nov06
Quick Ratio	Get a 7-Day Free Trial															1.28	1.46	1.42	1.55	1.37

Competitive Comparison of Riviera Tool Co's Quick Ratio

For the Metal Fabrication subindustry, Riviera Tool Co'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.

Riviera Tool Co's Quick Ratio Distribution in the Industrial Products Industry

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

* The bar in red indicates where Riviera Tool Co's Quick Ratio falls into.

Riviera Tool Co 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.

Riviera Tool Co's Quick Ratio for the fiscal year that ended in Aug. 2006 is calculated as

Riviera Tool Co's Quick Ratio for the quarter that ended in Nov. 2006 is calculated as

* 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.

Riviera Tool Co  (OTCPK:RIVT) 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.

Riviera Tool Co Quick Ratio Related Terms

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Riviera Tool Co (Riviera Tool Co) Business Description