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Core Lithium (FRA:7CX) Quick Ratio : 2.41 (As of Jun. 2024)


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What is Core Lithium 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. Core Lithium's quick ratio for the quarter that ended in Jun. 2024 was 2.41.

Core Lithium has a quick ratio of 2.41. It generally indicates good short-term financial strength.

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

FRA:7CX' s Quick Ratio Range Over the Past 10 Years
Min: 1.35   Med: 4.71   Max: 21.69
Current: 2.41

During the past 13 years, Core Lithium's highest Quick Ratio was 21.69. The lowest was 1.35. And the median was 4.71.

FRA:7CX's Quick Ratio is ranked better than
60.36% of 2654 companies
in the Metals & Mining industry
Industry Median: 1.52 vs FRA:7CX: 2.41

Core Lithium Quick Ratio Historical Data

The historical data trend for Core Lithium'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.

* Premium members only.

Core Lithium Quick Ratio Chart

Core Lithium Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.02 21.68 7.57 1.35 2.41

Core Lithium Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.57 4.67 1.35 2.23 2.41

Competitive Comparison of Core Lithium's Quick Ratio

For the Other Industrial Metals & Mining subindustry, Core Lithium'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.


Core Lithium's Quick Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Core Lithium's Quick Ratio falls into.



Core Lithium 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.

Core Lithium's Quick Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Quick Ratio (A: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(61.382-5.264)/23.319
=2.41

Core Lithium's Quick Ratio for the quarter that ended in Jun. 2024 is calculated as

Quick Ratio (Q: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(61.382-5.264)/23.319
=2.41

* 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.


Core Lithium  (FRA:7CX) 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.


Core Lithium Quick Ratio Related Terms

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Core Lithium Business Description

Traded in Other Exchanges
Address
2 Mill Street, Level 9, Perth, WA, AUS, 6000
Core Lithium Ltd is a lithium exploration company. The company is engaged in the exploration of lithium, and copper deposits in the Northern Territory and South Australia. Its projects include Finniss Lithium Project, and copper, zinc, and lead projects. Its segment includes Finniss Lithium Project mining, crushing and processing operations and Exploration: exploration and evaluation of primarily Lithium mineralisation. It generates majority of its revenue from Finniss Lithium Project operations segment.

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