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Ubuntu Mining and Metals has a quick ratio of 17.24. It generally indicates good short-term financial strength.
The historical rank and industry rank for Ubuntu Mining and Metals's Quick Ratio or its related term are showing as below:
AQSE:UNTU's Quick Ratio is not ranked *
in the Asset Management industry.
Industry Median: 2.83 * Ranked among companies with meaningful Quick Ratio only.
Ubuntu Mining and Metals (AQSE:UNTU) 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.
Ubuntu Mining and Metals Quick Ratio Related Terms
Ubuntu Mining and Metals Quick Ratio Historical Data
* 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.
For the Asset Management subindustry, Ubuntu Mining and 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.
Ubuntu Mining and Metals Quick Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ubuntu Mining and Metals's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Ubuntu Mining and Metals'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.
Ubuntu Mining and Metals's Quick Ratio for the fiscal year that ended in Dec. 2022 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.
Ubuntu Mining and Metals (AQSE:UNTU) has a Quick Ratio of 17.24 as of Jun. 2023. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Ubuntu Mining and Metals and its competitors.
Is Ubuntu Mining and Metals' Quick Ratio too high?
Ubuntu Mining and Metals' current Quick Ratio is 17.24. The Asset Management industry median Quick Ratio is 2.83. Ubuntu Mining and Metals' value of 17.24 is 509.2% above this industry median.
How does Ubuntu Mining and Metals' Quick Ratio compare to ?
Ubuntu Mining and Metals' Quick Ratio of 17.24 can be compared against companies in the Asset Management industry. The industry median Quick Ratio is 2.83. Ubuntu Mining and Metals' value of 17.24 is 509.2% 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 an Asset Management company?
The median Quick Ratio among Asset Management companies is 2.83, based on 714 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. Ubuntu Mining and Metals's current Quick Ratio of 17.24 is 509.2% 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 Ubuntu Mining and Metals and its competitors. For the Asset Management industry, the median Quick Ratio is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ubuntu Mining and Metals's current Quick Ratio is 17.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ubuntu Mining and Metals stock overvalued right now?
Ubuntu Mining and Metals (AQSE:UNTU) has a current Quick Ratio of 17.24. The current Quick Ratio is 17.24 and 509.2% above the Asset Management industry median of 2.83. 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 Ubuntu Mining and Metals (AQSE:UNTU), the current Quick Ratio is 17.24 as of Jun. 2023. 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.
Ubuntu Mining and Metals Inc is an early-stage exploration and development mining company committed to unlocking world-wide mineral wealth through sustainable and responsible mining practices. Its project includes The Dilotiko Project.
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