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. Nickel Asia's quick ratio for the quarter that ended in Mar. 2024 was 1.97.
Nickel Asia has a quick ratio of 1.97. It generally indicates good short-term financial strength.
The historical rank and industry rank for Nickel Asia's Quick Ratio or its related term are showing as below:
NCKAF'
s Quick Ratio Range Over the Past 10 Years
Min: 1.63 Med: 1.96 Max: 8.39
Current: 1.97
During the past 13 years, Nickel Asia's highest Quick Ratio was 8.39. The lowest was 1.63. And the median was 1.96.
NCKAF's Quick Ratio is ranked better than 53.69% of 2682
companies
in the Metals & Mining industry
Industry Median: 1.645
vs NCKAF: 1.97
Nickel Asia Quick Ratio Historical Data
The historical data trend for Nickel Asia'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.
Competitive Comparison of Nickel Asia's Quick Ratio
For the Other Industrial Metals & Mining subindustry, Nickel Asia'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.
Nickel Asia's Quick Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Asia's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Nickel Asia's Quick Ratio falls into.
Nickel Asia 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.
Nickel Asia's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Nickel Asia (OTCPK:NCKAF) 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.
Nickel Asia Quick Ratio Related Terms
Thank you for viewing the detailed overview of Nickel Asia's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Nickel Asia Corp is a nickel ore mining company engaged in operating five mines; the Rio Tuba mine, the Taganito mine, the Tagana-an mine, the Cagdianao mine, and the Dinapigue mine. It produces saprolite (nickel ore with an iron content of less than 20%) and limonite (nickel ore with an iron content greater than 20%) ore. The company has three operating segments; The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, The services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and The power segment is into power generation and exploration for geothermal resources.
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