The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Gold Fields's quick ratio for the quarter that ended in Dec. 2023 was 0.70.
Gold Fields has a quick ratio of 0.70. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Gold Fields's Quick Ratio or its related term are showing as below:
GFI'
s Quick Ratio Range Over the Past 10 Years
Min: 0.5 Med: 0.9 Max: 1.35
Current: 0.7
During the past 13 years, Gold Fields's highest Quick Ratio was 1.35. The lowest was 0.50. And the median was 0.90.
GFI's Quick Ratio is ranked worse than 71.74% of 2668
companies
in the Metals & Mining industry
Industry Median: 1.81
vs GFI: 0.70
Gold Fields Quick Ratio Historical Data
The historical data trend for Gold Fields'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.
* Premium members only.
Gold Fields Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Quick Ratio
0.50
1.35
0.96
1.33
0.70
Gold Fields Semi-Annual Data
Jun14
Dec14
Jun15
Dec15
Jun16
Dec16
Jun17
Dec17
Jun18
Dec18
Jun19
Dec19
Jun20
Dec20
Jun21
Dec21
Jun22
Dec22
Jun23
Dec23
Quick Ratio
0.96
2.22
1.33
1.12
0.70
Competitive Comparison
For the Gold subindustry, Gold Fields'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.
Gold Fields Quick Ratio Distribution
For the Metals & Mining industry and Basic Materials sector, Gold Fields's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Gold Fields's Quick Ratio falls into.
Gold Fields 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.
Gold Fields's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Gold Fields (NYSE:GFI) 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.
Gold Fields Quick Ratio Related Terms
Thank you for viewing the detailed overview of Gold Fields's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, the company also produces copper. The company is primarily involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith and South Deep and surface-only open pit mining at Damang, Tarkwa and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
GFI has been successfully added to your 