Unico Silver (ASX:USL) Quick Ratio : 5.26 (As of Dec. 2023)

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What is Unico Silver Quick Ratio?

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. Unico Silver's quick ratio for the quarter that ended in Dec. 2023 was 5.26.

Unico Silver has a quick ratio of 5.26. It generally indicates good short-term financial strength.

The historical rank and industry rank for Unico Silver's Quick Ratio or its related term are showing as below:

ASX:USL' s Quick Ratio Range Over the Past 10 Years
Min: 5.26 Med: 34.27 Max: 177.17
Current: 5.26

During the past 7 years, Unico Silver's highest Quick Ratio was 177.17. The lowest was 5.26. And the median was 34.27.

ASX:USL's Quick Ratio is ranked better than
74.07% of 2684 companies
in the Metals & Mining industry
Industry Median: 1.655 vs ASX:USL: 5.26

Unico Silver Quick Ratio Historical Data

The historical data trend for Unico Silver'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.

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Unico Silver Quick Ratio Chart

Unico Silver Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Quick Ratio

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21.81

55.35

65.88

23.80

5.91

Unico Silver Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Quick Ratio	Get a 7-Day Free Trial									36.42	23.80	32.12	5.91	5.26

Competitive Comparison of Unico Silver's Quick Ratio

For the Silver subindustry, Unico Silver'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.

Unico Silver's Quick Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Unico Silver's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Unico Silver's Quick Ratio falls into.

Unico Silver 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.

Unico Silver's Quick Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Quick Ratio (A: Jun. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(8.722	-	0)	/	1.477
	=	5.91

Unico Silver's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(6.291	-	0)	/	1.197
	=	5.26

Unico Silver (ASX:USL) 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.

Unico Silver Quick Ratio Related Terms

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Unico Silver (ASX:USL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Unico Silver Ltd (ASX:USL) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Pirie Street, Level 3, Adelaide, SA, AUS, 5000

Website

https://www.unicosilver.com.au

Unico Silver Ltd is a growth-orientated silver development company. Its flagship Cerro Leon project is located in the mining friendly Santa Cruz province of Argentina.

Unico Silver (ASX:USL) Headlines

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