NEO Battery Materials (NEO Battery Materials) Quick Ratio : 6.65 (As of Nov. 2023)

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What is NEO Battery Materials 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. NEO Battery Materials's quick ratio for the quarter that ended in Nov. 2023 was 6.65.

NEO Battery Materials has a quick ratio of 6.65. It generally indicates good short-term financial strength.

The historical rank and industry rank for NEO Battery Materials's Quick Ratio or its related term are showing as below:

NBMFF' s Quick Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.65 Max: 18.86
Current: 6.65

During the past 13 years, NEO Battery Materials's highest Quick Ratio was 18.86. The lowest was 0.06. And the median was 0.65.

NBMFF's Quick Ratio is ranked better than
77.1% of 2673 companies
in the Metals & Mining industry
Industry Median: 1.79 vs NBMFF: 6.65

NEO Battery Materials Quick Ratio Historical Data

The historical data trend for NEO Battery Materials'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.

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NEO Battery Materials Quick Ratio Chart

NEO Battery Materials Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Quick Ratio

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0.58

1.11

0.42

8.09

9.79

NEO Battery Materials Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Quick Ratio	Get a 7-Day Free Trial															18.90	9.79	5.05	1.60	6.65

Competitive Comparison of NEO Battery Materials's Quick Ratio

For the Other Industrial Metals & Mining subindustry, NEO Battery Materials'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.

NEO Battery Materials's Quick Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where NEO Battery Materials's Quick Ratio falls into.

NEO Battery Materials 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.

NEO Battery Materials's Quick Ratio for the fiscal year that ended in Feb. 2023 is calculated as

Quick Ratio (A: Feb. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1.302	-	0)	/	0.133
	=	9.79

NEO Battery Materials's Quick Ratio for the quarter that ended in Nov. 2023 is calculated as

Quick Ratio (Q: Nov. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(2.678	-	0)	/	0.403
	=	6.65

NEO Battery Materials (OTCPK:NBMFF) 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.

NEO Battery Materials Quick Ratio Related Terms

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NEO Battery Materials (NEO Battery Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NEO Battery Materials Ltd (OTCPK:NBMFF) » Definitions » Quick Ratio

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NBM:Canada

Address

4711 Younge Street, 10th Floor, Toronto, ON, CAN, M2N 6K8

Website

https://www.neobatterymaterials.com

NEO Battery Materials Ltd is a junior resource company focused on battery metals exploration in North America. It currently has an interest in Golden, British Columbia, along with a strike with a quartzite bed. The company explores and produces silicon and provides improvements in capacity and efficiency over lithium-ion batteries using silicon and graphite in their anode materials. It intends to become an integrated silicon producer and anode materials supplier to the electric vehicle industry.