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. Aurizon Mines,'s quick ratio for the quarter that ended in Mar. 2013 was 6.58.
Aurizon Mines, has a quick ratio of 6.58. It generally indicates good short-term financial strength.
The historical rank and industry rank for Aurizon Mines,'s Quick Ratio or its related term are showing as below:
FRA:AUE's Quick Ratio is not ranked *
in the Metals & Mining industry.
Industry Median: 1.79 * Ranked among companies with meaningful Quick Ratio only.
Aurizon Mines, Quick Ratio Historical Data
The historical data trend for Aurizon Mines,'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.
Competitive Comparison of Aurizon Mines,'s Quick Ratio
For the Gold subindustry, Aurizon Mines,'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.
Aurizon Mines,'s Quick Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Aurizon Mines,'s Quick Ratio distribution charts can be found below:
* The bar in red indicates where Aurizon Mines,'s Quick Ratio falls into.
Aurizon Mines, 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.
Aurizon Mines,'s Quick Ratio for the fiscal year that ended in Dec. 2012 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.
Aurizon Mines, (FRA:AUE) 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.
Aurizon Mines, Quick Ratio Related Terms
Thank you for viewing the detailed overview of Aurizon Mines,'s Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Aurizon Mines, Ltd., was incorporated on April 8, 1988 under the Company Act of British Columbia. On August 10, 1988, the name of the Company was changed to 'Aurizon Mines Ltd' in its English form and 'Mines Aurizon Ltee' in its French form. It is a gold producer with operations, development and exploration activities in Quebec, Canada. Mining properties consist of production stage properties and development stage properties. Production stage properties contain one or more producing zones, areas, or mines The Company has 8 properties in Quebec; these properties include Casa Berardi, its operating gold mine, the advanced stage gold development property of the Heva and Hosco West Extension areas, and a growing project pipeline. In addition to Casa Berardi, it also owns the Heva and Hosco West Extension areas, Duverny and the Kipawa Exploration Properties. The Company is subject to rules, policies and regulations issued by Canadian regulatory authorities.
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