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Intrusion Precious Metals (Intrusion Precious Metals) Quick Ratio : 0.01 (As of Mar. 2024)


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What is Intrusion Precious Metals 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. Intrusion Precious Metals's quick ratio for the quarter that ended in Mar. 2024 was 0.01.

Intrusion Precious Metals has a quick ratio of 0.01. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Intrusion Precious Metals's Quick Ratio or its related term are showing as below:

SIZYF' s Quick Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.23   Max: 7.08
Current: 0.01

During the past 13 years, Intrusion Precious Metals's highest Quick Ratio was 7.08. The lowest was 0.01. And the median was 0.23.

SIZYF's Quick Ratio is not ranked
in the Metals & Mining industry.
Industry Median: 1.69 vs SIZYF: 0.01

Intrusion Precious Metals Quick Ratio Historical Data

The historical data trend for Intrusion Precious Metals'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.

Intrusion Precious Metals Quick Ratio Chart

Intrusion Precious Metals Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 1.49 0.13 0.02 0.01

Intrusion Precious Metals Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - 0.01 0.01 0.01 0.01

Competitive Comparison of Intrusion Precious Metals's Quick Ratio

For the Other Industrial Metals & Mining subindustry, Intrusion Precious Metals'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.


Intrusion Precious Metals's Quick Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Intrusion Precious Metals's Quick Ratio falls into.



Intrusion Precious Metals 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.

Intrusion Precious Metals's Quick Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Quick Ratio (A: Sep. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.098-0)/12.066
=0.01

Intrusion Precious Metals'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
=(0.164-0)/12.799
=0.01

* 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.


Intrusion Precious Metals  (OTCPK:SIZYF) 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.


Intrusion Precious Metals Quick Ratio Related Terms

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Intrusion Precious Metals (Intrusion Precious Metals) Business Description

Traded in Other Exchanges
N/A
Address
789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2
Major Precious Metals Corp is an exploration company focused on advancing exploration on the Skaergaard Project in eastern Greenland. The Company operates in two operating segments being the acquisition and exploration of exploration and evaluation assets in Canada and in Greenland. The projects of the company include Skaergaard Project and Maritime Properties.

Intrusion Precious Metals (Intrusion Precious Metals) Headlines