Fabled Silver Gold has a quick ratio of 0.06. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Fabled Silver Gold's Quick Ratio or its related term are showing as below:
TSXV:FCO.H'
s Quick Ratio Range Over the Past 10 Years
Min: 0.06 Med: 7.76 Max: 43.86
Current: 0.06
During the past 9 years, Fabled Silver Gold's highest Quick Ratio was 43.86. The lowest was 0.06. And the median was 7.76.
TSXV:FCO.H's Quick Ratio is ranked worse than 94.69% of 2673
companies
in the Metals & Mining industry
Industry Median: 1.79
vs TSXV:FCO.H: 0.06
Fabled Silver Gold Quick Ratio Historical Data
The historical data trend for Fabled Silver Gold's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Fabled Silver Gold's Quick Ratio
For the Other Precious Metals & Mining subindustry, Fabled Silver Gold's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fabled Silver Gold's Quick Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fabled Silver Gold's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Fabled Silver Gold's Quick Ratio falls into.
Fabled Silver Gold Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Fabled Silver Gold's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fabled Silver Gold (TSXV:FCO.H) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Fabled Silver Gold Quick Ratio Related Terms
Thank you for viewing the detailed overview of Fabled Silver Gold's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Fabled Silver Gold (TSXV:FCO.H) Business Description
Fabled Silver Gold Corp is focused on acquiring, exploring and operating properties that yield near-term metal production. The company focuses on acquiring precious metal properties in Mexico with blue-sky exploration potential. It has entered into an agreement with Golden Minerals Company to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a metallogenic province, which has reportedly produced more silver than any other equivalent area in the world. The Company operates in one single reportable segment, which is the acquisition and exploration of mineral resource properties.
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