Continental CoalASX:CCC Quick Ratio is 0.08 as of Jun. 2014, which is 84% below its 10-year median of 0.49. The stock has 4 warning signs investors should review.
Continental Coal has a quick ratio of 0.08. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Continental Coal's Quick Ratio or its related term are showing as below:
ASX:CCC'
s Quick Ratio Range Over the Past 10 Years
Min: 0.08 Med: 0.49 Max: 0.85
Current: 0.08
During the past 4 years, Continental Coal's highest Quick Ratio was 0.85. The lowest was 0.08. And the median was 0.49.
ASX:CCC's Quick Ratio is not ranked
in the Steel industry.
Industry Median: 1.02
vs ASX:CCC: 0.08
Continental Coal (ASX:CCC) 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.
Continental Coal Quick Ratio Related Terms
Continental Coal Quick Ratio Historical Data
* Premium members only.
The historical data trend for Continental Coal'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.
Continental Coal Quick Ratio Competitor Comparison
For the Coking Coal subindustry, Continental Coal'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.
Continental Coal Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Continental Coal's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Continental Coal'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.
Continental Coal's Quick Ratio for the fiscal year that ended in Jun. 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.
Continental Coal (ASX:CCC) has a Quick Ratio of 0.08 as of Jun. 2014. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Continental Coal and its competitors. This is 84% below median its historical median of 0.49. Over the past decade, Continental Coal's Quick Ratio has ranged from 0.08 to 0.85.
Is Continental Coal's Quick Ratio too high?
Continental Coal's current Quick Ratio of 0.08 is 84% below median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.85. The Steel industry median Quick Ratio is 1.02. Continental Coal's value of 0.08 is 92.2% below this industry median.
How does Continental Coal's Quick Ratio compare to competitors?
Continental Coal's Quick Ratio of 0.08 can be compared against companies in the Steel industry. The industry median Quick Ratio is 1.02. Continental Coal's value of 0.08 is 92.2% below this benchmark. Historically, Continental Coal's own Quick Ratio has ranged from 0.08 to 0.85 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 1.02, Continental Coal has consistently been below the industry average. 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 Steel company?
The median Quick Ratio among Steel companies is 1.02, based on 638 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. Continental Coal's current Quick Ratio of 0.08 is 92.2% below 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 Continental Coal and its competitors. For the Steel industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Continental Coal's current Quick Ratio is 0.08, which is 84% below median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Continental Coal stock overvalued right now?
Continental Coal (ASX:CCC) has a current Quick Ratio of 0.08. The current Quick Ratio is 0.08, which is 84% below median its 10-year median of 0.49 and 92.2% below the Steel industry median of 1.02. 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 Continental Coal (ASX:CCC), the current Quick Ratio is 0.08 as of Jun. 2014. 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.
Continental Coal Ltd is a coal exploration and development company. It is engaged in producing, development and exploration of coal in its projects located in South Africa's coal fields. Its three main operating mines are Vlakvarkfontein, Ferreira and Penumbra mine. Its development projects include De Wittekrans development project; and exploration projects, such as Vaalbank, Leiden and Knapdaar in South Africa, as well as Kweneng and Serowe exploration projects in Botswana.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:CCC has been successfully added to your