Minerco (Minerco) Quick Ratio : 0.00 (As of Apr. 2017)

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What is Minerco Quick Ratio?

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. Minerco's quick ratio for the quarter that ended in Apr. 2017 was 0.00.

Minerco has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Minerco's Quick Ratio or its related term are showing as below:

MINE's Quick Ratio is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 1.03
* Ranked among companies with meaningful Quick Ratio only.

Minerco Quick Ratio Historical Data

The historical data trend for Minerco'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.

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Minerco Quick Ratio Chart

Minerco Annual Data

Trend

Jul08

Jul09

Jul10

Jul11

Jul12

Jul13

Jul14

Jul15

Jul16

Quick Ratio

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0.05

0.18

0.05

Minerco Quarterly Data
	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17
Quick Ratio	Get a 7-Day Free Trial															0.04	-	-	-	-

Competitive Comparison of Minerco's Quick Ratio

For the Farm Products subindustry, Minerco'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.

Minerco's Quick Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Minerco's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Minerco's Quick Ratio falls into.

Minerco 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.

Minerco's Quick Ratio for the fiscal year that ended in Jul. 2016 is calculated as

Quick Ratio (A: Jul. 2016 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0	-	0)	/	6.214
	=	0.00

Minerco's Quick Ratio for the quarter that ended in Apr. 2017 is calculated as

Quick Ratio (Q: Apr. 2017 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0	-	0)	/	11.696
	=	0.00

Minerco (OTCPK:MINE) 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.

Minerco Quick Ratio Related Terms

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