Mines Management has a quick ratio of 0.55. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Mines Management's Quick Ratio or its related term are showing as below:
MGN's Quick Ratio is not ranked *
in the Metals & Mining industry.
Industry Median: 1.805 * Ranked among companies with meaningful Quick Ratio only.
Mines Management Quick Ratio Historical Data
The historical data trend for Mines Management'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 Mines Management's Quick Ratio
For the Silver subindustry, Mines Management'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.
Mines Management's Quick Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Mines Management's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Mines Management's Quick Ratio falls into.
Mines Management 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.
Mines Management's Quick Ratio for the fiscal year that ended in Dec. 2015 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.
Mines Management (AMEX:MGN) 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.
Mines Management Quick Ratio Related Terms
Thank you for viewing the detailed overview of Mines Management's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Mines Management (Mines Management) Business Description
Mines Management Inc is a publicly held Idaho corporation incorporated on February 20, 1947. The Company is engaged in the business of acquiring, exploring, and if exploration is successful, developing mineral properties, mainly those containing silver and associated base and precious metals. Its main mineral property interest, the Montanore Project, is held by its wholly owned subsidiaries, Newhi, Inc. and Montanore Minerals Corp. The Montanore Project is located in northwestern Montana, and from 1988 to 2002 was owned by Noranda Minerals Corporation. In May 2006, the Company acquired two Noranda subsidiaries that held title to the property providing access to the 14,000 foot Libby adit and related permits. It also owns certain patented and unpatented mining claims on zinc proprieties in northern Washington State referred to as the Iroquois and Advance properties. The Company's activities in the United States are subject to various federal, state and local laws & regulations governing exploration, labor standards, occupational health & mine safety, control of toxic substances and other matters involving environmental protection and taxation.
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