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. Koryx Copper's quick ratio for the quarter that ended in Nov. 2024 was 22.27.
Koryx Copper has a quick ratio of 22.27. It generally indicates good short-term financial strength.
The historical rank and industry rank for Koryx Copper's Quick Ratio or its related term are showing as below:
STU:DSD'
s Quick Ratio Range Over the Past 10 Years
Min: 0.01 Med: 1.1 Max: 33.15
Current: 22.27
During the past 13 years, Koryx Copper's highest Quick Ratio was 33.15. The lowest was 0.01. And the median was 1.10.
STU:DSD's Quick Ratio is ranked better than 93.88% of 2615
companies
in the Metals & Mining industry
Industry Median: 1.52
vs STU:DSD: 22.27
Koryx Copper Quick Ratio Historical Data
The historical data trend for Koryx Copper'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 Koryx Copper's Quick Ratio
For the Other Industrial Metals & Mining subindustry, Koryx Copper'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.
Koryx Copper's Quick Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Koryx Copper's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Koryx Copper's Quick Ratio falls into.
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.
Koryx Copper's Quick Ratio for the fiscal year that ended in Aug. 2024 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.
Koryx Copper (STU:DSD) 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.
Koryx Copper Quick Ratio Related Terms
Thank you for viewing the detailed overview of Koryx Copper's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Koryx Copper Inc is engaged in mineral exploration and manages related industry risk issues directly. The company specializes in delivering comprehensive mineral exploration solutions, from prospecting and drilling to geological analysis and resource assessment with a mission of high-quality assets located in mineralized zones conveniently situated near existing infrastructure within stable countries, thereby delivering reliable data, facilitating sound investment decisions, and contributing to sustainable resource development responsibly.
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