Turk Altin Isletmeleri ASFRA:2KAA +0.48%73 Quick Ratio is 3.07 as of Mar. 2026, which is 65% below its 10-year median of 8.65. GuruFocus rates FRA:2KAA with a GF Score™ of 73/100 and a GF Value™ of €9.35 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,638 Metals & Mining companies, Turk Altin Isletmeleri AS ranks better than 56.1% on this metric.
Turk Altin Isletmeleri AS has a quick ratio of 3.07. It generally indicates good short-term financial strength.
The historical rank and industry rank for Turk Altin Isletmeleri AS's Quick Ratio or its related term are showing as below:
FRA:2KAA'
s Quick Ratio Range Over the Past 10 Years
Min: 3.07 Med: 8.65 Max: 13.48
Current: 3.07
During the past 13 years, Turk Altin Isletmeleri AS's highest Quick Ratio was 13.48. The lowest was 3.07. And the median was 8.65.
FRA:2KAA's Quick Ratio is ranked better than 56.1% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.32
vs FRA:2KAA: 3.07
Turk Altin Isletmeleri AS (FRA:2KAA) 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.
Turk Altin Isletmeleri AS Quick Ratio Related Terms
Turk Altin Isletmeleri AS 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 Gold subindustry, Turk Altin Isletmeleri AS'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.
Turk Altin Isletmeleri AS Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Turk Altin Isletmeleri AS's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Turk Altin Isletmeleri AS'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.
Turk Altin Isletmeleri AS's Quick Ratio for the fiscal year that ended in Dec. 2025 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.
Turk Altin Isletmeleri AS (FRA:2KAA) has a Quick Ratio of 3.07 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Turk Altin Isletmeleri AS and its competitors. This is 65% below median its historical median of 8.65. Over the past decade, Turk Altin Isletmeleri AS's Quick Ratio has ranged from 3.07 to 13.48. According to the industry distribution chart, Turk Altin Isletmeleri AS ranks #1158 out of 2638 companies in the Metals & Mining industry, placing it in the top 43.9%.
Is Turk Altin Isletmeleri AS's Quick Ratio too high?
Turk Altin Isletmeleri AS's current Quick Ratio of 3.07 is 65% below median its 10-year median of 8.65. Over the past 10 years, this metric has ranged from a low of 3.07 to a high of 13.48. The Metals & Mining industry median Quick Ratio is 2.32. Turk Altin Isletmeleri AS's value of 3.07 is 32.3% above this industry median. Based on the distribution chart, Turk Altin Isletmeleri AS ranks #1158 out of 2638 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Turk Altin Isletmeleri AS has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Turk Altin Isletmeleri AS's Quick Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Turk Altin Isletmeleri AS ranks #1158 out of 2638 companies for Quick Ratio. This puts Turk Altin Isletmeleri AS in the upper half of its industry. The industry median Quick Ratio is 2.32. Turk Altin Isletmeleri AS's value of 3.07 is 32.3% above this benchmark. Historically, Turk Altin Isletmeleri AS's own Quick Ratio has ranged from 3.07 to 13.48 over the past decade. While the company's 10-year median is 8.65 vs. the industry median of 2.32, Turk Altin Isletmeleri AS has consistently been above 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 2,638 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. Turk Altin Isletmeleri AS's current Quick Ratio of 3.07 is 32.3% 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 Turk Altin Isletmeleri AS 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. Turk Altin Isletmeleri AS's current Quick Ratio is 3.07, which is 65% below median its own 10-year median of 8.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turk Altin Isletmeleri AS stock overvalued right now?
Based on GuruFocus' analysis, Turk Altin Isletmeleri AS (FRA:2KAA) is currently considered Modestly Undervalued. The stock's GF Value™ is €9.35, compared to a current price of €8.32 — trading 11% below its estimated fair value. The current Quick Ratio is 3.07, which is 65% below median its 10-year median of 8.65 and 32.3% above the Metals & Mining industry median of 2.32. Turk Altin Isletmeleri AS's overall GF Score™ is 73/100 with 3 warning signs to review. 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 Turk Altin Isletmeleri AS (FRA:2KAA), the current Quick Ratio is 3.07 as of Mar. 2026. 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.
Is Turk Altin Isletmeleri AS (FRA:2KAA) Overvalued in 2026?
Based on GuruFocus' analysis, Turk Altin Isletmeleri AS stock appears to be undervalued.
The current stock price of €8.32 is trading 11% below its estimated GF Value™ of €9.35.
GuruFocus considers Turk Altin Isletmeleri AS to be Modestly Undervalued.
Key valuation signals for FRA:2KAA:
Quick Ratio: 3.07 (65% below median its 10-year median of 8.65)
GF Value™: €9.35 vs. price of €8.32 (11% below fair value)
Industry Position: 32.3% above the Metals & Mining median (#1158 of 2638)
No single metric tells the full story. See the FRA:2KAA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turk Altin Isletmeleri AS , formerly Koza Altin Izletmeleri AS is a Turkey-based gold production company. The company has exploration licenses throughout Turkey the Aegean and Marmara regions, the Black Sea region, and Central and Eastern Anatolia. Its operating mines include an underground mine at Ovacik, a mine in Cukuralan that utilizes both underground and open pit mining methods, and an open pit mine at Kaymaz. The company also has feasibility stage projects located near Agri in northeast Turkey and projects in the middle of Turkey.
73GF Score
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