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Unicorn Mineral Resources (LSE:UMR) Quick Ratio : 1.47 (As of Mar. 2024)


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What is Unicorn Mineral Resources Quick Ratio?

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. Unicorn Mineral Resources's quick ratio for the quarter that ended in Mar. 2024 was 1.47.

Unicorn Mineral Resources has a quick ratio of 1.47. It generally indicates good short-term financial strength.

The historical rank and industry rank for Unicorn Mineral Resources's Quick Ratio or its related term are showing as below:

LSE:UMR' s Quick Ratio Range Over the Past 10 Years
Min: 0.02   Med: 1.43   Max: 1.76
Current: 1.47

During the past 5 years, Unicorn Mineral Resources's highest Quick Ratio was 1.76. The lowest was 0.02. And the median was 1.43.

LSE:UMR's Quick Ratio is ranked worse than
52.23% of 2663 companies
in the Metals & Mining industry
Industry Median: 1.62 vs LSE:UMR: 1.47

Unicorn Mineral Resources Quick Ratio Historical Data

The historical data trend for Unicorn Mineral Resources'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.

* Premium members only.

Unicorn Mineral Resources Quick Ratio Chart

Unicorn Mineral Resources Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Quick Ratio
0.02 0.62 1.43 1.76 1.47

Unicorn Mineral Resources Semi-Annual Data
Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Quick Ratio Get a 7-Day Free Trial 1.43 0.42 1.76 0.73 1.47

Competitive Comparison of Unicorn Mineral Resources's Quick Ratio

For the Other Industrial Metals & Mining subindustry, Unicorn Mineral Resources'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.


Unicorn Mineral Resources's Quick Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Unicorn Mineral Resources's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Unicorn Mineral Resources's Quick Ratio falls into.



Unicorn Mineral Resources 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.

Unicorn Mineral Resources's Quick Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Quick Ratio (A: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.612-0)/0.416
=1.47

Unicorn Mineral Resources's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.612-0)/0.416
=1.47

* 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.


Unicorn Mineral Resources  (LSE:UMR) 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.


Unicorn Mineral Resources Quick Ratio Related Terms

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Unicorn Mineral Resources Business Description

Traded in Other Exchanges
N/A
Address
20/21 St Patrick’s Road, 39 Castleyard, Dalkey, Dublin, IRL
Unicorn Mineral Resources PLC is a mineral exploration company. The company focuses on Copper, Lead, Zinc, and Silver mineral deposits in the Irish Midlands Orefield. It has interests in areas such as Kilmallock Property and the Lisheen Property.

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