GSDC (Goldsands Development Co) Quick Ratio: 0.11 (As of Sep. 2011)


What is Goldsands Development Co Quick Ratio?

Goldsands Development Co GSDC -99.67% Quick Ratio is 0.11 as of Sep. 2011.

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. Goldsands Development Co's quick ratio for the quarter that ended in Sep. 2011 was 0.11.

Goldsands Development Co has a quick ratio of 0.11. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Goldsands Development Co's Quick Ratio or its related term are showing as below:

GSDC's Quick Ratio is not ranked *
in the Metals & Mining industry.
Industry Median: 2.32
* Ranked among companies with meaningful Quick Ratio only.

Goldsands Development Co  (OTCPK:GSDC) 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.

Goldsands Development Co Quick Ratio Related Terms

Goldsands Development Co Quick Ratio Historical Data

* Premium members only.

The historical data trend for Goldsands Development Co'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.

Goldsands Development Co Quick Ratio Chart

Goldsands Development Co Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10
Quick Ratio
Get a 7-Day Free Trial 0.04 0.13 0.71 0.19 0.04

Goldsands Development Co Quarterly Data
Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11
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 0.06 0.04 0.58 0.14 0.11

GSDC vs AGLAF, KSTBF, CHSO: Quick Ratio Comparison

For the Gold subindustry, Goldsands Development Co'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.

Goldsands Development Co Quick Ratio vs Metals & Mining Industry

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

* The bar in red indicates where Goldsands Development Co's Quick Ratio falls into.


Goldsands Development Co 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.

Goldsands Development Co's Quick Ratio for the fiscal year that ended in Dec. 2010 is calculated as

Quick Ratio (A: Dec. 2010 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.135-0)/3.3
=0.04

Goldsands Development Co's Quick Ratio for the quarter that ended in Sep. 2011 is calculated as

Quick Ratio (Q: Sep. 2011 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.222-0)/2.07
=0.11

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 0.11 mean?
Goldsands Development Co (GSDC) has a Quick Ratio of 0.11 as of Sep. 2011. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Goldsands Development Co and its competitors.
Is Goldsands Development Co's Quick Ratio too high?
Goldsands Development Co's current Quick Ratio is 0.11. The Metals & Mining industry median Quick Ratio is 2.32. Goldsands Development Co's value of 0.11 is 95.3% below this industry median.
How does Goldsands Development Co's Quick Ratio compare to AGLAF and KSTBF?
Goldsands Development Co's Quick Ratio of 0.11 can be compared against companies in the Metals & Mining industry. The industry median Quick Ratio is 2.32. Goldsands Development Co's value of 0.11 is 95.3% below this benchmark. 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. Goldsands Development Co's current Quick Ratio of 0.11 is 95.3% below 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 Goldsands Development Co 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. Goldsands Development Co's current Quick Ratio is 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldsands Development Co stock overvalued right now?
Goldsands Development Co (GSDC) has a current Quick Ratio of 0.11. The current Quick Ratio is 0.11 and 95.3% below the Metals & Mining industry median of 2.32. 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 Goldsands Development Co (GSDC), the current Quick Ratio is 0.11 as of Sep. 2011. 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.

Goldsands Development Co Business Description

Address Calle Juan Fanning 219, Miraflores, Lima, PER
Goldsands Development Co is a U.S. based company engages in the exploration and development of gold deposits in Peru.