Thomson ResourcesASX:TMZO Quick Ratio is 0.01 as of Dec. 2023, which is 100% below its 10-year median of 2.75. The stock has 4 warning signs investors should review.
Thomson Resources has a quick ratio of 0.01. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Thomson Resources's Quick Ratio or its related term are showing as below:
During the past 13 years, Thomson Resources's highest Quick Ratio was 7.61. The lowest was 0.02. And the median was 2.75.
ASX:TMZO's Quick Ratio is not ranked *
in the Metals & Mining industry.
Industry Median: 2.32 * Ranked among companies with meaningful Quick Ratio only.
Thomson Resources (ASX:TMZO) 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.
Thomson Resources Quick Ratio Related Terms
Thomson Resources Quick Ratio Historical Data
* Premium members only.
The historical data trend for Thomson 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.
For the Other Industrial Metals & Mining subindustry, Thomson 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.
Thomson Resources Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Thomson Resources's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Thomson 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.
Thomson Resources's Quick Ratio for the fiscal year that ended in Jun. 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.
Thomson Resources (ASX:TMZO) has a Quick Ratio of 0.01 as of Dec. 2023. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Thomson Resources and its competitors. This is 100% below median its historical median of 2.75. Over the past decade, Thomson Resources' Quick Ratio has ranged from 0.02 to 7.61.
Is Thomson Resources' Quick Ratio too high?
Thomson Resources' current Quick Ratio of 0.01 is 100% below median its 10-year median of 2.75. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 7.61. The Metals & Mining industry median Quick Ratio is 2.32. Thomson Resources' value of 0.01 is 99.6% below this industry median.
How does Thomson Resources' Quick Ratio compare to BHPBF?
Thomson Resources' Quick Ratio of 0.01 can be compared against companies in the Metals & Mining industry. The industry median Quick Ratio is 2.32. Thomson Resources' value of 0.01 is 99.6% below this benchmark. Historically, Thomson Resources' own Quick Ratio has ranged from 0.02 to 7.61 over the past decade. While the company's 10-year median is 2.75 vs. the industry median of 2.32, Thomson Resources 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 Metals & Mining company?
The median Quick Ratio among Metals & Mining companies is 2.32, based on 2,637 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. Thomson Resources's current Quick Ratio of 0.01 is 99.6% 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 Thomson Resources and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thomson Resources's current Quick Ratio is 0.01, which is 100% below median its own 10-year median of 2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thomson Resources stock overvalued right now?
Thomson Resources (ASX:TMZO) has a current Quick Ratio of 0.01. The current Quick Ratio is 0.01, which is 100% below median its 10-year median of 2.75 and 99.6% below the Metals & Mining industry median of 2.32. 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 Thomson Resources (ASX:TMZO), the current Quick Ratio is 0.01 as of Dec. 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.
Silver Metal Group Ltd, formerly Thomson Resources Ltd is an Australian-based exploration company, which is focused on the discovery and development of mineral deposits within the New England Fold Belt of Northern NSW. The company explores gold, silver, tin, copper, and base metals. The company focuses on the Texas Silver Project, Mt Carrington Silver & Gold Project, Conrad Silver Project, Webbs Silver Project, Harry Smith Gold Project, Yalgogrin Gold Project, Bygoo Tin Project, Chillagoe Gold Project, and Other Projects.
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