GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sailfish Royalty Corp (OTCPK:SROYF) » Definitions » Quick Ratio

SROYF (Sailfish Royalty) Quick Ratio : 4.26 (As of Sep. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Sailfish Royalty 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. Sailfish Royalty's quick ratio for the quarter that ended in Sep. 2024 was 4.26.

Sailfish Royalty has a quick ratio of 4.26. It generally indicates good short-term financial strength.

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

SROYF' s Quick Ratio Range Over the Past 10 Years
Min: 0.08   Med: 5.77   Max: 28.21
Current: 4.26

During the past 8 years, Sailfish Royalty's highest Quick Ratio was 28.21. The lowest was 0.08. And the median was 5.77.

SROYF's Quick Ratio is ranked better than
72.08% of 2654 companies
in the Metals & Mining industry
Industry Median: 1.52 vs SROYF: 4.26

Sailfish Royalty Quick Ratio Historical Data

The historical data trend for Sailfish Royalty'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.

Sailfish Royalty Quick Ratio Chart

Sailfish Royalty Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial 2.83 5.68 6.92 5.85 4.43

Sailfish Royalty Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 4.53 4.43 4.93 6.25 4.26

Competitive Comparison of Sailfish Royalty's Quick Ratio

For the Gold subindustry, Sailfish Royalty'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.


Sailfish Royalty's Quick Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sailfish Royalty's Quick Ratio falls into.



Sailfish Royalty 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.

Sailfish Royalty's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(6.414-0)/1.449
=4.43

Sailfish Royalty's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(5.57-0)/1.307
=4.26

* 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.


Sailfish Royalty  (OTCPK:SROYF) 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.


Sailfish Royalty Quick Ratio Related Terms

Thank you for viewing the detailed overview of Sailfish Royalty's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Sailfish Royalty Business Description

Traded in Other Exchanges
Address
Sea Meadow House, PO Box 116, Tortola, Road Town, VGB, VG1110
Sailfish Royalty Corp is engaged in the acquisition of royalty and streaming agreements. The company's portfolio has two main assets on stage projects in the Americas: a gold stream equivalent to a 3% NSR on the San Albino gold project and a 2% NSR on the rest of the area surrounding San Albino in northern Nicaragua; and an up to 3% NSR on the Spring Valley gold project in Pershing County, Nevada.