Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Ajax Resources's quick ratio for the quarter that ended in Aug. 2024 was 16.31.
Ajax Resources has a quick ratio of 16.31. It generally indicates good short-term financial strength.
The historical rank and industry rank for Ajax Resources's Quick Ratio or its related term are showing as below:
AQSE:AJAX's Quick Ratio is not ranked *
in the Diversified Financial Services industry.
Industry Median: 3.19 * Ranked among companies with meaningful Quick Ratio only.
Ajax Resources (AQSE:AJAX) 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.
Ajax Resources Quick Ratio Related Terms
Ajax Resources Quick Ratio Historical Data
* Premium members only.
The historical data trend for Ajax Resources'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.
AQSE:AJAX vs AGLY, CCCX, CEPF: Quick Ratio Comparison
For the Shell Companies subindustry, Ajax 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.
Ajax Resources Quick Ratio vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Ajax Resources's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Ajax Resources's Quick Ratio falls into.
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.
Ajax Resources's Quick Ratio for the fiscal year that ended in Feb. 2024 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.
Ajax Resources (AQSE:AJAX) has a Quick Ratio of 16.31 as of Aug. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Ajax Resources and its competitors.
Is Ajax Resources' Quick Ratio too high?
Ajax Resources' current Quick Ratio is 16.31. The Diversified Financial Services industry median Quick Ratio is 3.19. Ajax Resources' value of 16.31 is 411.3% above this industry median.
How does Ajax Resources' Quick Ratio compare to AGLY and CCCX?
Ajax Resources' Quick Ratio of 16.31 can be compared against companies in the Diversified Financial Services industry. The industry median Quick Ratio is 3.19. Ajax Resources' value of 16.31 is 411.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Diversified Financial Services company?
The median Quick Ratio among Diversified Financial Services companies is 3.19, based on 492 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ajax Resources's current Quick Ratio of 16.31 is 411.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Ajax Resources and its competitors. For the Diversified Financial Services industry, the median Quick Ratio is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ajax Resources's current Quick Ratio is 16.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajax Resources stock overvalued right now?
Ajax Resources (AQSE:AJAX) has a current Quick Ratio of 16.31. The current Quick Ratio is 16.31 and 411.3% above the Diversified Financial Services industry median of 3.19. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Ajax Resources (AQSE:AJAX), the current Quick Ratio is 16.31 as of Aug. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
AQSE:AJAX has been successfully added to your 
