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Alpha Copper (Alpha Copper) Quick Ratio : 0.13 (As of Mar. 2024)


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What is Alpha Copper 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. Alpha Copper's quick ratio for the quarter that ended in Mar. 2024 was 0.13.

Alpha Copper has a quick ratio of 0.13. It indicates that the company cannot currently fully pay back its current liabilities.

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

ALCUF' s Quick Ratio Range Over the Past 10 Years
Min: 0.13   Med: 12.85   Max: 205.5
Current: 0.13

During the past 6 years, Alpha Copper's highest Quick Ratio was 205.50. The lowest was 0.13. And the median was 12.85.

ALCUF's Quick Ratio is ranked worse than
89.49% of 2682 companies
in the Metals & Mining industry
Industry Median: 1.655 vs ALCUF: 0.13

Alpha Copper Quick Ratio Historical Data

The historical data trend for Alpha Copper'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.

Alpha Copper Quick Ratio Chart

Alpha Copper Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Quick Ratio
Get a 7-Day Free Trial 7.26 28.78 11.22 10.19 0.40

Alpha Copper Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.70 1.11 0.40 0.32 0.13

Competitive Comparison of Alpha Copper's Quick Ratio

For the Other Industrial Metals & Mining subindustry, Alpha Copper'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.


Alpha Copper's Quick Ratio Distribution in the Metals & Mining Industry

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

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



Alpha Copper 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.

Alpha Copper's Quick Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Quick Ratio (A: Sep. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.222-0)/0.559
=0.40

Alpha Copper's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.078-0)/0.579
=0.13

* 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.


Alpha Copper  (OTCPK:ALCUF) 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.


Alpha Copper Quick Ratio Related Terms

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Alpha Copper (Alpha Copper) Business Description

Traded in Other Exchanges
Address
595 Burrard Street, Vancouver, BC, CAN, V7X 1L4
Alpha Copper Corp is a Canada based company engaged in the exploration and development of mineral properties. It holds interests in the Indata project situated in north-central British Columbia on the east side of Albert Lake and the Okeover project located on the south coast of British Columbia.

Alpha Copper (Alpha Copper) Headlines

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