cfalevel2011

Well, it obviously means that there isn't enough OCF to cover current liabilities.

Generally,price-type ratios don't make sense when the denominators are negative, but taking the reciprocal and expressing them as yields can be useful, because you don't get a discontinuity at zero.

This ratio has OCF in the numerator, so the OCF ratio can handle a negative number without much trouble. It indicates the % shortfall in covering current liabilities and indicates how much of the liability will have to be financed through other methods (selling assets, raising new capital, deploying excess cash, etc.).