HLLXF (Hellix Ventures) Quick Ratio: 3.88 (As of Apr. 2014)


What is Hellix Ventures Quick Ratio?

Hellix Ventures HLLXF -99.00% Quick Ratio is 3.88 as of Apr. 2014.

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. Hellix Ventures's quick ratio for the quarter that ended in Apr. 2014 was 3.88.

Hellix Ventures has a quick ratio of 3.88. It generally indicates good short-term financial strength.

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

HLLXF's Quick Ratio is not ranked *
in the Oil & Gas industry.
Industry Median: 1.12
* Ranked among companies with meaningful Quick Ratio only.

Hellix Ventures  (OTCPK:HLLXF) 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.

Hellix Ventures Quick Ratio Related Terms

Hellix Ventures Quick Ratio Historical Data

* Premium members only.

The historical data trend for Hellix Ventures'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.

Hellix Ventures Quick Ratio Chart

Hellix Ventures Annual Data
Trend Jul04 Jul05 Jul06 Jul07 Jul08 Jul09 Jul10 Jul11 Jul12 Jul13
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 1.28 2.47 3.51 6.29

Hellix Ventures Quarterly Data
Jul09 Oct09 Jan10 Apr10 Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14
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 5.72 6.29 5.38 4.78 3.88

HLLXF vs EXNT, SNECQ: Quick Ratio Comparison

For the Oil & Gas E&P subindustry, Hellix Ventures'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.

Hellix Ventures Quick Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hellix Ventures's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Hellix Ventures's Quick Ratio falls into.


Hellix Ventures 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.

Hellix Ventures's Quick Ratio for the fiscal year that ended in Jul. 2013 is calculated as

Quick Ratio (A: Jul. 2013 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2.435-0)/0.387
=6.29

Hellix Ventures's Quick Ratio for the quarter that ended in Apr. 2014 is calculated as

Quick Ratio (Q: Apr. 2014 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1.66-0)/0.428
=3.88

* 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 3.88 mean?
Hellix Ventures (HLLXF) has a Quick Ratio of 3.88 as of Apr. 2014. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Hellix Ventures and its competitors.
Is Hellix Ventures' Quick Ratio too high?
Hellix Ventures' current Quick Ratio is 3.88. The Oil & Gas industry median Quick Ratio is 1.12. Hellix Ventures' value of 3.88 is 246.4% above this industry median.
How does Hellix Ventures' Quick Ratio compare to EXNT and SNECQ?
Hellix Ventures' Quick Ratio of 3.88 can be compared against companies in the Oil & Gas industry. The industry median Quick Ratio is 1.12. Hellix Ventures' value of 3.88 is 246.4% above 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 an Oil & Gas company?
The median Quick Ratio among Oil & Gas companies is 1.12, based on 1,011 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. Hellix Ventures's current Quick Ratio of 3.88 is 246.4% 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 Hellix Ventures and its competitors. For the Oil & Gas industry, the median Quick Ratio is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hellix Ventures's current Quick Ratio is 3.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hellix Ventures stock overvalued right now?
Hellix Ventures (HLLXF) has a current Quick Ratio of 3.88. The current Quick Ratio is 3.88 and 246.4% above the Oil & Gas industry median of 1.12. 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 Hellix Ventures (HLLXF), the current Quick Ratio is 3.88 as of Apr. 2014. 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.

Hellix Ventures Business Description

Industry EnergyOil & Gas
Address 1030 Denman Street, Suite 125A, Vancouver, BC, CAN, V6G 2M6
Hellix Ventures Inc is a Canada-based natural resource company. The company is engaged in the identification, acquisition, exploration and development of resource properties. Its operating segments include oil and gas operation and mineral property exploration.