Replies to post #44788 on Life Clips Inc (fka LCLP)

[whitie]

Quick ratio is basically a ratio of current assets that can be quickly converted to cash like receivables. See 4,076,337 list as current assets on financial statement. Divide that by current liabilities $6,775,970z Money that is owed short term. The second number I gave was taking total assets. It could be argued that those assets could convert to cash short term as well. Is a quick way of assessing a companies health. Bottom line the company can more than meet current obligations and remain a going concern.

[whitie]

I recommend reading financials on the stocks you trade. I have more cash in my checking account than 90% of the OTC stocks.

[pennymom]

Short term assets are current assets that can be liquidated to cash quickly or are cash already! LCLP has more than enough cash and assets to pay the bills. A great thing. Look at nsav - no revenues, many expenses, and a load of debt. They havent closed any deals yet! We are one of the BEST stocks in the OTC right now.