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Sociedad Minera Corona has a quick ratio of 1.40. It generally indicates good short-term financial strength.
The historical rank and industry rank for Sociedad Minera Corona's Quick Ratio or its related term are showing as below:
LIM:MINCORC1'
s Quick Ratio Range Over the Past 10 Years
Min: 0.65 Med: 1.52 Max: 3.93
Current: 1.4
During the past 9 years, Sociedad Minera Corona's highest Quick Ratio was 3.93. The lowest was 0.65. And the median was 1.52.
LIM:MINCORC1's Quick Ratio is ranked worse than 61.34% of 2636
companies
in the Metals & Mining industry
Industry Median: 2.315
vs LIM:MINCORC1: 1.40
Sociedad Minera Corona (LIM:MINCORC1) 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.
Sociedad Minera Corona Quick Ratio Related Terms
Sociedad Minera Corona Quick Ratio Historical Data
* 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.
Sociedad Minera Corona Quick Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Sociedad Minera Corona'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.
Sociedad Minera Corona Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Sociedad Minera Corona's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Sociedad Minera Corona's Quick Ratio falls into.
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.
Sociedad Minera Corona'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.
Sociedad Minera Corona (LIM:MINCORC1) has a Quick Ratio of 1.40 as of Dec. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Sociedad Minera Corona and its competitors. This is near median its historical median of 1.52. Over the past decade, Sociedad Minera Corona's Quick Ratio has ranged from 0.65 to 3.93. According to the industry distribution chart, Sociedad Minera Corona ranks #1617 out of 2636 companies in the Metals & Mining industry, placing it in the top 61.3%.
Is Sociedad Minera Corona's Quick Ratio too high?
Sociedad Minera Corona's current Quick Ratio of 1.40 is near median its 10-year median of 1.52. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 3.93. The Metals & Mining industry median Quick Ratio is 2.32. Sociedad Minera Corona's value of 1.40 is 39.5% below this industry median. Based on the distribution chart, Sociedad Minera Corona ranks #1617 out of 2636 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Sociedad Minera Corona has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Sociedad Minera Corona's Quick Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Sociedad Minera Corona ranks #1617 out of 2636 companies for Quick Ratio. This places Sociedad Minera Corona in the lower half of its industry. The industry median Quick Ratio is 2.32. Sociedad Minera Corona's value of 1.40 is 39.5% below this benchmark. Historically, Sociedad Minera Corona's own Quick Ratio has ranged from 0.65 to 3.93 over the past decade. While the company's 10-year median is 1.52 vs. the industry median of 2.32, Sociedad Minera Corona has consistently been below the industry average. 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 2,636 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. Sociedad Minera Corona's current Quick Ratio of 1.40 is 39.5% 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 Sociedad Minera Corona 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. Sociedad Minera Corona's current Quick Ratio is 1.40, which is near median its own 10-year median of 1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sociedad Minera Corona stock overvalued right now?
Sociedad Minera Corona (LIM:MINCORC1) has a current Quick Ratio of 1.40. The stock's GF Value™ is S/.13.70, compared to a current price of S/.40.50 — trading 195.6% above its estimated fair value. The current Quick Ratio is 1.40, which is near median its 10-year median of 1.52 and 39.5% below the Metals & Mining industry median of 2.32. Sociedad Minera Corona's overall GF Score™ is 46/100 with 4 warning signs to review. 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 Sociedad Minera Corona (LIM:MINCORC1), the current Quick Ratio is 1.40 as of Dec. 2024. 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.
Is Sociedad Minera Corona (LIM:MINCORC1) Overvalued in 2026?
Based on GuruFocus' analysis, Sociedad Minera Corona stock appears to be overvalued.
The current stock price of S/.40.50 is trading 195.6% above its estimated GF Value™ of S/.13.70.
Key valuation signals for LIM:MINCORC1:
Quick Ratio: 1.40 (near median its 10-year median of 1.52)
GF Value™: S/.13.70 vs. price of S/.40.50 (195.6% above fair value)
Industry Position: 39.5% below the Metals & Mining median (#1617 of 2636)
No single metric tells the full story. See the LIM:MINCORC1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sociedad Minera Corona SA explores and extracts minerals to produce copper concentrates, silver, lead, and zinc. The company has two production unit namely Yauricocha, located in the department of Lima province of Yauyos and Carolina, located in the department of Cajamarca province of Hualgayoc.
46GF Score
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