SUFF (Ophir Resources Co) Quick Ratio: 1.17 (As of Jun. 2098)


What is Ophir Resources Co Quick Ratio?

Ophir Resources Co SUFF -99.50% Quick Ratio is 1.17 as of Jun. 2098.

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. Ophir Resources Co's quick ratio for the quarter that ended in Jun. 2098 was 1.17.

Ophir Resources Co has a quick ratio of 1.17. It generally indicates good short-term financial strength.

The historical rank and industry rank for Ophir Resources Co's Quick Ratio or its related term are showing as below:

SUFF's Quick Ratio is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 1.1
* Ranked among companies with meaningful Quick Ratio only.

Ophir Resources Co  (OTCPK:SUFF) 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.

Ophir Resources Co Quick Ratio Related Terms

Ophir Resources Co Quick Ratio Historical Data

* Premium members only.

The historical data trend for Ophir Resources Co'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.

Ophir Resources Co Quick Ratio Chart

Ophir Resources Co Annual Data
Trend Dec94 Dec95 Dec96 Dec97
Quick Ratio
12.27 6.80 10.77 2.78

Ophir Resources Co Quarterly Data
Mar94 Jun94 Sep94 Dec94 Mar95 Jun95 Sep95 Dec95 Mar96 Jun96 Sep96 Dec96 Mar97 Jun97 Sep97 Dec97 Mar98 Jun98
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 5.02 5.94 2.78 1.39 1.17

Ophir Resources Co Quick Ratio Competitor Comparison

For the Apparel Manufacturing subindustry, Ophir Resources Co'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.

Ophir Resources Co Quick Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ophir Resources Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Ophir Resources Co's Quick Ratio falls into.


Ophir Resources Co 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.

Ophir Resources Co's Quick Ratio for the fiscal year that ended in Dec. 2097 is calculated as

Quick Ratio (A: Dec. 2097 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(20-2.5)/6.3
=2.78

Ophir Resources Co's Quick Ratio for the quarter that ended in Jun. 2098 is calculated as

Quick Ratio (Q: Jun. 2098 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(12-3.1)/7.6
=1.17

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 1.17 mean?
Ophir Resources Co (SUFF) has a Quick Ratio of 1.17 as of Jun. 2098. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Ophir Resources Co and its competitors.
Is Ophir Resources Co's Quick Ratio too high?
Ophir Resources Co's current Quick Ratio is 1.17. The Manufacturing - Apparel & Accessories industry median Quick Ratio is 1.10. Ophir Resources Co's value of 1.17 is 6.4% above this industry median.
How does Ophir Resources Co's Quick Ratio compare to competitors?
Ophir Resources Co's Quick Ratio of 1.17 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Quick Ratio is 1.10. Ophir Resources Co's value of 1.17 is 6.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Manufacturing - Apparel & Accessories company?
The median Quick Ratio among Manufacturing - Apparel & Accessories companies is 1.10, based on 1,067 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ophir Resources Co's current Quick Ratio of 1.17 is 6.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Ophir Resources Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Quick Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ophir Resources Co's current Quick Ratio is 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ophir Resources Co stock overvalued right now?
Ophir Resources Co (SUFF) has a current Quick Ratio of 1.17. The current Quick Ratio is 1.17 and 6.4% above the Manufacturing - Apparel & Accessories industry median of 1.10. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Ophir Resources Co (SUFF), the current Quick Ratio is 1.17 as of Jun. 2098. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ophir Resources Co Business Description

Address 701 South Howard Avenue, Suite 106-414, Tampa, FL, USA, 33606
Ophir Resources Co is an apparel design and manufacturer company. It manufactures men's and women's clothing.