Lenzoloto PJSC (MIC:LNZL) Quick Ratio: 44.88 (As of Jun. 2024)

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What is Lenzoloto PJSC Quick Ratio?

Lenzoloto PJSC MIC:LNZL -8.70% 17 Quick Ratio is 44.88 as of Jun. 2024. GuruFocus rates MIC:LNZL with a GF Score™ of 17/100.

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. Lenzoloto PJSC's quick ratio for the quarter that ended in Jun. 2024 was 44.88.

Lenzoloto PJSC has a quick ratio of 44.88. It generally indicates good short-term financial strength.

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

MIC:LNZL's Quick Ratio is not ranked *
in the Metals & Mining industry.
Industry Median: 2.305
* Ranked among companies with meaningful Quick Ratio only.

Lenzoloto PJSC  (MIC:LNZL) 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.

Lenzoloto PJSC Quick Ratio Related Terms

Lenzoloto PJSC Quick Ratio Historical Data

* Premium members only.

The historical data trend for Lenzoloto PJSC'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.

Lenzoloto PJSC Quick Ratio Chart

Lenzoloto PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.86 8.89 2,906.13 16.65 5.90

Lenzoloto PJSC Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Jun24
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 16.65 19.12 5.90 4.93 44.88

MIC:LNZL vs NEM, AU, RGLD: Quick Ratio Comparison

For the Gold subindustry, Lenzoloto PJSC'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.

Lenzoloto PJSC Quick Ratio vs Metals & Mining Industry

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

* The bar in red indicates where Lenzoloto PJSC's Quick Ratio falls into.


Lenzoloto PJSC 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.

Lenzoloto PJSC's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1639-0)/278
=5.90

Lenzoloto PJSC's Quick Ratio for the quarter that ended in Jun. 2024 is calculated as

Quick Ratio (Q: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1795-0)/40
=44.88

* 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 44.88 mean?
Lenzoloto PJSC (MIC:LNZL) has a Quick Ratio of 44.88 as of Jun. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Lenzoloto PJSC and its competitors.
Is Lenzoloto PJSC's Quick Ratio too high?
Lenzoloto PJSC's current Quick Ratio is 44.88. The Metals & Mining industry median Quick Ratio is 2.31. Lenzoloto PJSC's value of 44.88 is 1847.1% above this industry median. Overall, Lenzoloto PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Lenzoloto PJSC's Quick Ratio compare to NEM and AU?
Lenzoloto PJSC's Quick Ratio of 44.88 can be compared against companies in the Metals & Mining industry. The industry median Quick Ratio is 2.31. Lenzoloto PJSC's value of 44.88 is 1847.1% 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 2.31, 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. Lenzoloto PJSC's current Quick Ratio of 44.88 is 1847.1% 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 Lenzoloto PJSC and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lenzoloto PJSC's current Quick Ratio is 44.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lenzoloto PJSC stock overvalued right now?
Lenzoloto PJSC (MIC:LNZL) has a current Quick Ratio of 44.88. The current Quick Ratio is 44.88 and 1847.1% above the Metals & Mining industry median of 2.31. Lenzoloto PJSC's overall GF Score™ is 17/100. 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 Lenzoloto PJSC (MIC:LNZL), the current Quick Ratio is 44.88 as of Jun. 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.

Lenzoloto PJSC Business Description

Address Bodaibo ul. Mira, 4, Irkutsk Region, Bodaibo, RUS, 666904
Lenzoloto PJSC is gold producer in Russia. The company is located in Irkutsk region.