Gladstone Pacific Nickel has a quick ratio of 17.74. It generally indicates good short-term financial strength.
The historical rank and industry rank for Gladstone Pacific Nickel's Quick Ratio or its related term are showing as below:
LSE:GPN's Quick Ratio is not ranked *
in the Metals & Mining industry.
Industry Median: 2.315 * Ranked among companies with meaningful Quick Ratio only.
Gladstone Pacific Nickel (LSE:GPN) 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.
Gladstone Pacific Nickel Quick Ratio Related Terms
Gladstone Pacific Nickel 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.
Gladstone Pacific Nickel Quick Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Gladstone Pacific Nickel'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.
Gladstone Pacific Nickel Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Gladstone Pacific Nickel's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Gladstone Pacific Nickel'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.
Gladstone Pacific Nickel's Quick Ratio for the fiscal year that ended in Jun. 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.
Gladstone Pacific Nickel (LSE:GPN) has a Quick Ratio of 17.74 as of Dec. 2012. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Gladstone Pacific Nickel and its competitors.
Is Gladstone Pacific Nickel's Quick Ratio too high?
Gladstone Pacific Nickel's current Quick Ratio is 17.74. The Metals & Mining industry median Quick Ratio is 2.32. Gladstone Pacific Nickel's value of 17.74 is 666.3% above this industry median.
How does Gladstone Pacific Nickel's Quick Ratio compare to competitors?
Gladstone Pacific Nickel's Quick Ratio of 17.74 can be compared against companies in the Metals & Mining industry. The industry median Quick Ratio is 2.32. Gladstone Pacific Nickel's value of 17.74 is 666.3% 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 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. Gladstone Pacific Nickel's current Quick Ratio of 17.74 is 666.3% 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 Gladstone Pacific Nickel 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. Gladstone Pacific Nickel's current Quick Ratio is 17.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gladstone Pacific Nickel stock overvalued right now?
Gladstone Pacific Nickel (LSE:GPN) has a current Quick Ratio of 17.74. The current Quick Ratio is 17.74 and 666.3% above 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 Gladstone Pacific Nickel (LSE:GPN), the current Quick Ratio is 17.74 as of Dec. 2012. 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.
Gladstone Pacific Nickel Ltd. is incorporated in Australia. The company, together with its subsidiaries, engages in the exploration and evaluation of mineral properties in Australia and the south-west Pacific region. It owns the Marlborough nickel/cobalt lateritic deposits located near Rockhampton in Central Queensland, Australia. Gladstone Pacific Nickel Ltd. was formerly known as Pearson Matheson Group Pty Ltd.
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