January 20, 2011

Converted Organics News

Converted is the parent company of Pharmasphere.  From Inverstors.com:

Jan 14, 2011 (SmarTrend(R) News Watch via COMTEX) -- Below are the five companies in the Fertilizers & Agricultural Chemicals industry with the lowest Current Ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.

Converted Organics (COIN) ranks lowest with Current Ratio of 0.53; Potash (POT) ranks next with Current Ratio of 0.90; and Scotts Miracle-Gro (SMG) ranks next lowest with Current Ratio of 1.

Pharmasphere is starting to look more and more each day as Worcester's version of Evergreen Solar.

1 comment:

Bernie Madoff w/my $$$ said...

Worc Advanced Financial Analysis MCAS question:

Define a companys current ratio and then select three of the following five companies from Dunn & Bradstreets attached reports and calculate their current ratios.

a. Hooooka Bar
b. Urban Wooo Wear
c. Center Bar & Grille
d. MLK Center Entrepenuers
e. Bella Weddings
f. Worc Center Outlets