Nevada Gold & Casinos (Nevada Gold & Casinos) Quick Ratio : 3.92 (As of Jan. 2019)

Nevada Gold & Casinos Quick Ratio Chart

Nevada Gold & Casinos Annual Data
	Trend	Apr09	Apr10	Apr11	Apr12	Apr13	Apr14	Apr15	Apr16	Apr17	Apr18
Quick Ratio		Get a 7-Day Free Trial					2.02	2.46	2.66	2.69	2.18

Nevada Gold & Casinos Quarterly Data
	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19
Quick Ratio	Get a 7-Day Free Trial															2.46	2.18	4.32	3.99	3.92

Competitive Comparison of Nevada Gold & Casinos's Quick Ratio

For the Resorts & Casinos subindustry, Nevada Gold & Casinos'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.

Nevada Gold & Casinos's Quick Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Nevada Gold & Casinos's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Nevada Gold & Casinos's Quick Ratio falls into.

Nevada Gold & Casinos 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.

Nevada Gold & Casinos's Quick Ratio for the fiscal year that ended in Apr. 2018 is calculated as

Nevada Gold & Casinos's Quick Ratio for the quarter that ended in Jan. 2019 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.

Nevada Gold & Casinos  (AMEX:UWN) 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.

Nevada Gold & Casinos Quick Ratio Related Terms

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Nevada Gold & Casinos (Nevada Gold & Casinos) Business Description