* 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.
Competitive Comparison of Alpha Natural Resources's Quick Ratio
For the Coking Coal subindustry, Alpha Natural Resources'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 Natural Resources's Quick Ratio Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Alpha Natural Resources's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Alpha Natural Resources's Quick Ratio falls into.
Alpha Natural Resources 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 Natural Resources's Quick Ratio for the fiscal year that ended in Dec. 2014 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.
Alpha Natural Resources (OTCPK:ANRZQ) 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 Natural Resources Quick Ratio Related Terms
Thank you for viewing the detailed overview of Alpha Natural Resources's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Alpha Natural Resources (Alpha Natural Resources) Business Description
Alpha Natural Resources Inc was formed under the laws of the State of Delaware on November 29, 2004. The Company is a supplier and exporter of metallurgical coal for use in the steel-making process and a supplier of thermal coal to electric utilities and manufacturing industries throughout the country. As of December 31, 2013, it operated 81 mines and 25 coal preparation plants in Northern and Central Appalachia and the Powder River Basin. The Company has two reportable segments: Eastern Coal Operations and Western Coal Operations. Eastern Coal Operations consists of the mines in Northern and Central Appalachia and its coal brokerage activities. Western Coal Operations consists of two Powder River Basin mines in Wyoming. Its All Other segment includes an idled underground mine in Illinois; expenses associated with certain closed mines; Dry Systems Technologies; revenues and royalties from the sale of natural gas; equipment sales and repair operations; terminal services; the leasing of mineral rights; general corporate overhead and corporate assets and liabilities. The Company's active operations are located in Central and Northern Appalachia and the Powder River Basin, which include the states of Kentucky, Pennsylvania, Virginia, West Virginia and Wyoming. With respect to its U.S. customers, the Company competes with various coal producers in the Appalachian region and Illinois basin and with a large number of western coal producers. In the export metallurgical market the Company competes with producers from Australia, Canada, and other international producers of metallurgical coal on many of the same factors as in the U.S. market. The Company and its customers are subject to various federal, state and local laws relating to the extraction, processing and use of coal, oil and natural gas.
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