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Tuesday, August 16, 2011 5:55:04 PM
vs current liabilities ca 700k. So almost 3 to 1.
this is called the current ratio-see yahoo finance which gives this ratio for every company. Its an important indicator of company health.
Best companies have a current ratio of 2 to one -meaning twice as much liquid assets(cash,receivables etc)than CL's (accounts payable etc).
Most pennies have more current liabilities than current assets.
Current as an accounting term is different than "total".
So tytn's current ratio is impressive-meaning any financing is to grow the company(pay for assets arriving)rather than just simply diluting as most pennies do.
Imo. I'm not a financial adviser nor compensated for my posts.
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