Cal Bay International (Cal Bay International) Quick Ratio : 0.13 (As of Sep. 2006)

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What is Cal Bay International 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. Cal Bay International's quick ratio for the quarter that ended in Sep. 2006 was 0.13.

Cal Bay International has a quick ratio of 0.13. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Cal Bay International's Quick Ratio or its related term are showing as below:

CBYI's Quick Ratio is not ranked ^*
in the Capital Markets industry.
Industry Median: 2.09
* Ranked among companies with meaningful Quick Ratio only.

Cal Bay International Quick Ratio Historical Data

The historical data trend for Cal Bay International'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.

Cal Bay International Quick Ratio Chart

Cal Bay International Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Quick Ratio

0.67

4.22

0.23

0.12

0.13

Cal Bay International Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
Quick Ratio	Get a 7-Day Free Trial															0.29	0.13	0.36	2.20	0.13

Competitive Comparison of Cal Bay International's Quick Ratio

For the Capital Markets subindustry, Cal Bay International'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.

Cal Bay International's Quick Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cal Bay International's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Cal Bay International's Quick Ratio falls into.

Cal Bay International 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.

Cal Bay International's Quick Ratio for the fiscal year that ended in Dec. 2005 is calculated as

Quick Ratio (A: Dec. 2005 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.544	-	0.293)	/	1.895
	=	0.13

Cal Bay International's Quick Ratio for the quarter that ended in Sep. 2006 is calculated as

Quick Ratio (Q: Sep. 2006 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.544	-	0.293)	/	1.895
	=	0.13

Cal Bay International (OTCPK:CBYI) 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.

Cal Bay International Quick Ratio Related Terms

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Cal Bay International (Cal Bay International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cal Bay International Inc (OTCPK:CBYI) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

1887 Whitney Mesa Drive, No. 2127, Henderson, NV, USA, 89014

Website

https://www.cbyintl.com

Cal Bay International Inc acquired a Financial, merchant card processing system, CB Green Card, that allows the legal payment to the dispensary by patients using the CB Green card for purchases within the dispensaries. The majority of the transactions are on a cash only basis. The company's merchant processing system allows for the registered dispensaries to be able to accept and process the patients CB Green card and have the proceeds deposited to their financial institution, creating an alternative to holding large amounts of non depositable cash to the banks and at the same time creating a verifiable transaction of sales for state and Federal tax collection agencies. The company has also developed a formula specifically designed for enhancing the growth of marijuana plants.