Endomines Finland Oyj has a quick ratio of 0.28. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Endomines Finland Oyj's Quick Ratio or its related term are showing as below:
FRA:H13'
s Quick Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.28 Max: 0.83
Current: 0.28
During the past 5 years, Endomines Finland Oyj's highest Quick Ratio was 0.83. The lowest was 0.10. And the median was 0.28.
FRA:H13's Quick Ratio is ranked worse than 81.98% of 2631
companies
in the Metals & Mining industry
Industry Median: 1.49
vs FRA:H13: 0.28
Endomines Finland Oyj Quick Ratio Historical Data
The historical data trend for Endomines Finland Oyj'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 Endomines Finland Oyj's Quick Ratio
For the Gold subindustry, Endomines Finland Oyj'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.
Endomines Finland Oyj's Quick Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Endomines Finland Oyj's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Endomines Finland Oyj's Quick Ratio falls into.
Endomines Finland Oyj 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.
Endomines Finland Oyj's Quick Ratio for the fiscal year that ended in Dec. 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.
Endomines Finland Oyj (FRA:H13) 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.
Endomines Finland Oyj Quick Ratio Related Terms
Thank you for viewing the detailed overview of Endomines Finland Oyj's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Endomines Finland Oyj is a mining and exploration company with a primary focus on gold. It is engaged in mining operations at the Pampalo mine in Ilomantsi, and in exploration activities along the Karelian Gold Line in Eastern Finland. It also owns the rights to seven gold deposits in the United States. The company's reportable operating segments are; Pampalo production, Karelian gold line, and USA operations. The Pampalo production segment which generates key revenue for the company consists of the operations of the underground mine and open pit, the operations of the concentrator, and the sale of gold concentrate.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FRA:H13 has been successfully added to your