Current Ratio

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Assessing Current Ratio

Current ratio is a measure of liquidity, which compares a company’s current assets with its current liabilities.Current ratio is a favored test among banks and lenders because it reveals whether a company is generating enough cash to pay its short-term creditors. What to DoThe ratio divides current assets by...

Tags: Asset management, BNET Editorial, liquidity, asset, creditor, receivables, accounts receivable, small business, bank, industry

Articles 2007-12-12

Additional Resources

Benton Hits Wide Zones of Platinum Group Metals and Copper at Area 41

Benton Resources Corp. ("Benton" or the"Company") (TSX-V: BTC) is pleased to announce that assay results for thefirst hole drilled from the most recent drill campaign at Area 41 have beenreceived. Drill hole SL-08-21 intersected 61.5m grading 1.29gpt TPM and 0.17% Cu.Several higher grade sections within the above intersection include 4.06gptTPM...

Articles 2008-06-25

CenturyTel Announces Increased Dividend and Acceleration of Share Repurchase Program; Raises Annual Dividend to $2.80 Per Share

MONROE, La., June 24 /PRNewswire-FirstCall/ -- CenturyTel, Inc. today announced that its Board of Directors determined to: -- Increase CenturyTel's annual cash dividend to $2.80 from $.27 per share. -- Declare a one-time dividend of $.6325 per share, payable on July 21, 2008, to...

Articles 2008-06-24

Community Banking Sector Well-Positioned to Benefit From Current Market Stress, According to Investment Manager StoneCastle Partners

NEW YORK, June 24 /PRNewswire/ -- As national, super-regional, and money center banks continue to suffer from sub-prime mortgage losses and other risky activities, community banks are well-positioned to benefit, according to investment firm StoneCastle Partners, LLC. One of the largest investors in community banks, StoneCastle currently has...

Articles 2008-06-24

2008 Gulf Coast Lignite Coal Activity Map is the Only Map That Shows All Coal Leasing Activity Dating Back More Than 40 Years

DUBLIN, Ireland -- Research and Markets http://www.researchandmarkets.com/research/82b737/gulf_coast_lignite has announced the addition of the "Gulf Coast Lignite Map" map to their offering. During the 1970s and the 1980s, major mining and oil companies spent millions developing US Gulf Coast lignite mines and projects. While investment in many of the...

Articles 2008-06-23

SunTrust Reaffirms First Quarter Credit and Capital Outlook

ATLANTA, June 20 /PRNewswire-FirstCall/ -- In response to recent market activity and commentary, SunTrust Banks, Inc. today is reaffirming certain statements made in recent months: i) Second quarter 2008 net charge-offs are expected to be within the range previously indicated: up 15% to 20% from first...

Articles 2008-06-20

Out with the new

OUT WITH THE NEW: By a ratio of almost 2 to 1, unchurched Americans prefer churches that look more like medieval cathedrals to the modern, utilitarian church facilities that currently are being constructed. This preference for the Gothic, found among both unchurched Catholics and unchurched Protestants, is even more pronounced...

Articles 2008-06-17

Profile in Leadership: Baltimore boutique's co-founder is sold on

James Rosner is no longer the pro bono partner at one of Baltimore's largest firms, but he is striving to make pro bono part of the fabric of his new, smaller firm. When Rosner won a Leadership in Law award in 2004, he was the first-ever pro...

Articles 2008-06-16

QuadraMed Corporation Announces Effectiveness of One-for-Five Reverse Stock Split

RESTON, Va. -- QuadraMed Corporation (Amex:QD) today announces the effectiveness of the reverse split of its common stock in the ratio of one-for-five (the "Reverse Split"). The Reverse Split was previously approved by the Company's stockholders at the Annual Meeting of Stockholders of QuadraMed Corporation (the "Annual Meeting") held on...

Articles 2008-06-16

CapitalSouth Bancorp Files Registration Statement For Proposed Subscription Rights Offering

BIRMINGHAM, Ala. -- CapitalSouth Bancorp (NASDAQ-GM: CAPB), the bank holding company for CapitalSouth Bank, today announced that it has filed a Registration Statement on Form S-1 with the Securities and Exchange Commission related to i an offering to current stockholders of non-transferable subscription rights to purchase shares of CapitalSouth Bancorp...

Articles 2008-06-13

Fitch Affirms Uruguay's FC IDR at 'BB-'; Outlook Stable

NEW YORK -- Fitch Ratings today affirmed Uruguay's foreign currency sovereign Issuer Default Rating IDR at 'BB-' and its local currency IDR at 'BB'. The Rating Outlook remains Stable. At the same time, the agency maintained Uruguay's country ceiling at 'BB+'. The short-term IDR was affirmed at 'B'. ...

Articles 2008-06-13

KeyCorp to Raise Approximately $1.5 Billion in New Equity Capital to Offset Tax Accounting Charges and Maintain Strong Capital Ratios

CLEVELAND, June 12 /PRNewswire-FirstCall/ -- KeyCorp today announced a series of steps to preserve and enhance its capital strength in response to a previously announced ruling by a federal court in a dispute over tax treatment of a segment of its leveraged lease portfolio. Although the announced steps...

Articles 2008-06-12

pSivida Moves to Complete Reincorporation as U.S. Company with Listing on NASDAQ

BOSTON & PERTH, Australia -- Following approval by the Federal Court of Australia of the reincorporation of pSivida Limited, a Western Australian corporation, to pSivida Corp., a new Delaware, United States corporation, pSivida Corp. announced that its common stock will commence trading on the NASDAQ Global Market on June 11,...

Articles 2008-06-11

Fitch Rates Empire State Dev. Corp. Service Contract Rev Rfdg Bonds 'A+'

NEW YORK -- Fitch Ratings assigns an 'A+' rating to approximately $441.5 million Empire State Development Corporation's New York State Urban Development Corporation service contract revenue refunding bonds series 2008B expected through negotiation the week of June 16. Fitch also affirms the 'A+' rating on $2.9 billion outstanding parity bonds....

Articles 2008-06-10

VSB Bancorp, Inc. Announces Cash Dividend

VSB Bancorp, Inc. (NASDAQ: VSBN)announced today that its Board of Directors has declared a quarterly cashdividend of $0.06 per share payable on July 1, 2008 to stockholders ofrecord on June 20, 2008. Joseph J. LiBassi, Chairman of the Board ofDirectors, stated, "This is our third cash dividend to date. ...

Articles 2008-06-10

Fitch Discusses Rationale on Southern Union & PEPL Rating Actions

CHICAGO -- Yesterday, Fitch Ratings downgraded Southern Union Company SUG and affirmed the ratings for Panhandle Eastern Pipeline Company LP PEPL. Fitch also revised PEPL's Rating Outlook to Negative from Stable. The ratings downgrade for SUG reflects near to intermediate term credit ratios that are weak for Fitch's...

Articles 2008-06-06

Nevada Casino Revenue Grew 5.72% in 2007 to Reach Nearly $11.8 Billion, According to Casino City

Casino City Press has announced the release ofthe 2008 edition of the Nevada Gaming Almanac, the industry's best singlesource for Nevada gaming market data and contact information. In additionto summary pages with current FY 2007 profit-and-loss results, the newedition provides five-year revenue statistics for each jurisdiction alongwith essential ratios including...

Articles 2008-06-04

Ikona Ships $200,000 Mud Pump Drive Order to Its Canadian Distributor

Ikona Gear International, Inc. (OTCBB: IKGI),an innovator of compact, lightweight, oil and gas machinery and gearingtechnology, today announced that it has shipped a US$200,000 order fortwo-speed mud pump drives to its distributor in Saskatchewan, Canada. Ikona's mud pump drives MPD were selected for their compact, lightweightdesign, which presents a footprint...

Articles 2008-06-04

Physician compensation survey shows gender gap in earnings

A compensation survey was sent to thousands of physicians practicing in major medical specialties throughout the United States by Jackson & Coker, a physician-staffing firm headquartered in Alpharetta, GA. The 943 respondents serve in private practice, prominent hospitals, single- and multi-specialty groups, and with large integrated health systems. Participants answered...

Articles 2008-06-01

BAHRAIN: SMOKING RATIO ROSE TO 28%.

According to Akhbar al-Khaleej newspaper (May 31, 2008), a recent survey by the Bahrain's Ministry of Health estimates the current smoking ratio in the Kingdom of Bahrain at 28.6% in the current year compared with 27% five year ago. The 2009/2010 budget has allocated BD 200,000...

Articles 2008-06-01