H.E.R.C. Products (H.E.R.C. Products) Quick Ratio : 1.08 (As of Jun. 2004)

H.E.R.C. Products Quick Ratio Chart

H.E.R.C. Products Annual Data
	Trend	Dec94	Dec95	Dec96	Dec97	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03
Quick Ratio		Get a 7-Day Free Trial					1.86	2.35	1.57	1.30	0.98

H.E.R.C. Products Quarterly Data
	Sep98	Dec98	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04
Quick Ratio	Get a 7-Day Free Trial															0.82	0.66	0.98	0.84	1.08

Competitive Comparison of H.E.R.C. Products's Quick Ratio

For the Specialty Chemicals subindustry, H.E.R.C. Products'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.

H.E.R.C. Products's Quick Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, H.E.R.C. Products's Quick Ratio distribution charts can be found below:

* The bar in red indicates where H.E.R.C. Products's Quick Ratio falls into.

H.E.R.C. Products 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.

H.E.R.C. Products's Quick Ratio for the fiscal year that ended in Dec. 2003 is calculated as

H.E.R.C. Products's Quick Ratio for the quarter that ended in Jun. 2004 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.

H.E.R.C. Products  (OTCPK:HERC) 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.

H.E.R.C. Products Quick Ratio Related Terms

Thank you for viewing the detailed overview of H.E.R.C. Products's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

H.E.R.C. Products (H.E.R.C. Products) Business Description