GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Adriatic Metals PLC (OTCPK:ADTLF) » Definitions » Quick Ratio

ADTLF (Adriatic Metals) Quick Ratio : 0.94 (As of Jun. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Adriatic Metals 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. Adriatic Metals's quick ratio for the quarter that ended in Jun. 2024 was 0.94.

Adriatic Metals has a quick ratio of 0.94. It indicates that the company cannot currently fully pay back its current liabilities.

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

ADTLF' s Quick Ratio Range Over the Past 10 Years
Min: 0.76   Med: 16.78   Max: 50.24
Current: 0.94

During the past 7 years, Adriatic Metals's highest Quick Ratio was 50.24. The lowest was 0.76. And the median was 16.78.

ADTLF's Quick Ratio is ranked worse than
61.42% of 2654 companies
in the Metals & Mining industry
Industry Median: 1.52 vs ADTLF: 0.94

Adriatic Metals Quick Ratio Historical Data

The historical data trend for Adriatic Metals'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.

Adriatic Metals Quick Ratio Chart

Adriatic Metals Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial 32.72 16.79 20.41 10.29 0.76

Adriatic Metals Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.41 10.29 4.77 0.76 0.94

Competitive Comparison of Adriatic Metals's Quick Ratio

For the Other Industrial Metals & Mining subindustry, Adriatic Metals'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.


Adriatic Metals's Quick Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Adriatic Metals's Quick Ratio distribution charts can be found below:

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



Adriatic Metals 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.

Adriatic Metals'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
=(59.621-1.553)/76.451
=0.76

Adriatic Metals's Quick Ratio for the quarter that ended in Jun. 2024 is calculated as

Quick Ratio (Q: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(73.027-4.701)/72.41
=0.94

* 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.


Adriatic Metals  (OTCPK:ADTLF) 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.


Adriatic Metals Quick Ratio Related Terms

Thank you for viewing the detailed overview of Adriatic Metals's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Adriatic Metals Business Description

Traded in Other Exchanges
Address
65 Rodney Road, Ground Floor, Regent House, Cheltenham, GBR, GL50 1HX
Adriatic Metals PLC is engaged in mineral exploration. The projects of the company are The Veovaca and The Raska. The Veovaca is historic open-cut zinc, lead, barite, and silver mine and the Raska project is an advanced exploration project which exhibits exceptionally high grades of the base and precious metals and is located approximately 17km North-West of the Veovaca Project.