Yancoal Australia (Yancoal Australia) Quick Ratio : 2.02 (As of Dec. 2023)

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What is Yancoal Australia 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. Yancoal Australia's quick ratio for the quarter that ended in Dec. 2023 was 2.02.

Yancoal Australia has a quick ratio of 2.02. It generally indicates good short-term financial strength.

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

YACAF' s Quick Ratio Range Over the Past 10 Years
Min: 0.72 Med: 1.57 Max: 3.21
Current: 2.02

During the past 12 years, Yancoal Australia's highest Quick Ratio was 3.21. The lowest was 0.72. And the median was 1.57.

YACAF's Quick Ratio is ranked better than
62.57% of 179 companies
in the Other Energy Sources industry
Industry Median: 1.46 vs YACAF: 2.02

Yancoal Australia Quick Ratio Historical Data

The historical data trend for Yancoal Australia'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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Yancoal Australia Quick Ratio Chart

Yancoal Australia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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0.72

0.86

2.74

1.37

2.02

Yancoal Australia 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	Get a 7-Day Free Trial															2.74	2.94	1.37	1.71	2.02

Competitive Comparison of Yancoal Australia's Quick Ratio

For the Thermal Coal subindustry, Yancoal Australia'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.

Yancoal Australia's Quick Ratio Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Yancoal Australia's Quick Ratio distribution charts can be found below:

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

Yancoal Australia 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.

Yancoal Australia's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1695.448	-	279.116)	/	701.473
	=	2.02

Yancoal Australia's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1695.448	-	279.116)	/	701.473
	=	2.02

Yancoal Australia (OTCPK:YACAF) 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.

Yancoal Australia Quick Ratio Related Terms

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Yancoal Australia (Yancoal Australia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Yancoal Australia Ltd (OTCPK:YACAF) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

03668:Hong Kong YA1:Germany YAL:Australia

Address

201 Sussex Street, Level 18, Darling Park Tower 2, Sydney, NSW, AUS, 2000

Website

https://www.yancoal.com.au

Yancoal Australia Ltd is involved in identifying, developing, and operating coal-related projects in Australia. It has a diversified product mix of metallurgical and thermal coal mines in New South Wales and Queensland. The company generates maximum revenue from the New South Wales segment. Non-operating items of the Group are presented in Corporate segment which includes administrative expenses, foreign exchange gains and losses recycled from hedge reserve, and elimination of intersegment transactions and other consolidation adjustments. It operates coal mines in the Hunter Valley and mid-Western region of New South Wales and open-cut mines in Queensland's Bowen Basin. The company's geographical markets include Japan, Singapore, China, South Korea, Taiwan, Thailand, and other countries.