VMRI (Valmie Resources) Quick Ratio: 0.18 (As of Feb. 2017)


What is Valmie Resources Quick Ratio?

Valmie Resources VMRI -99.00% Quick Ratio is 0.18 as of Feb. 2017.

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. Valmie Resources's quick ratio for the quarter that ended in Feb. 2017 was 0.18.

Valmie Resources has a quick ratio of 0.18. It indicates that the company cannot currently fully pay back its current liabilities.

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

VMRI's Quick Ratio is not ranked *
in the Hardware industry.
Industry Median: 1.46
* Ranked among companies with meaningful Quick Ratio only.

Valmie Resources  (OTCPK:VMRI) 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.

Valmie Resources Quick Ratio Related Terms

Valmie Resources Quick Ratio Historical Data

* Premium members only.

The historical data trend for Valmie Resources'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.

Valmie Resources Quick Ratio Chart

Valmie Resources Annual Data
Trend Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
Quick Ratio
Get a 7-Day Free Trial 0.08 0.21 0.10 0.29 1.45

Valmie Resources Quarterly Data
May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17
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 0.27 0.58 3.24 1.45 0.18

VMRI vs CRTG, SFIV, ITOX: Quick Ratio Comparison

For the Computer Hardware subindustry, Valmie Resources'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.

Valmie Resources Quick Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Valmie Resources's Quick Ratio distribution charts can be found below:

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


Valmie Resources 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.

Valmie Resources's Quick Ratio for the fiscal year that ended in Nov. 2016 is calculated as

Quick Ratio (A: Nov. 2016 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.274-0.004)/0.186
=1.45

Valmie Resources's Quick Ratio for the quarter that ended in Feb. 2017 is calculated as

Quick Ratio (Q: Feb. 2017 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.082-0.041)/0.229
=0.18

* 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 0.18 mean?
Valmie Resources (VMRI) has a Quick Ratio of 0.18 as of Feb. 2017. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Valmie Resources and its competitors.
Is Valmie Resources' Quick Ratio too high?
Valmie Resources' current Quick Ratio is 0.18. The Hardware industry median Quick Ratio is 1.46. Valmie Resources' value of 0.18 is 87.7% below this industry median.
How does Valmie Resources' Quick Ratio compare to CRTG and SFIV?
Valmie Resources' Quick Ratio of 0.18 can be compared against companies in the Hardware industry. The industry median Quick Ratio is 1.46. Valmie Resources' value of 0.18 is 87.7% below 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 Hardware company?
The median Quick Ratio among Hardware companies is 1.46, based on 2,492 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. Valmie Resources's current Quick Ratio of 0.18 is 87.7% below 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 Valmie Resources and its competitors. For the Hardware industry, the median Quick Ratio is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Valmie Resources's current Quick Ratio is 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Valmie Resources stock overvalued right now?
Valmie Resources (VMRI) has a current Quick Ratio of 0.18. The current Quick Ratio is 0.18 and 87.7% below the Hardware industry median of 1.46. 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 Valmie Resources (VMRI), the current Quick Ratio is 0.18 as of Feb. 2017. 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.

Valmie Resources Business Description

Address 1001 S Dairy Ashford Road, Suite 100, Houston, TX, USA, 77077
Valmie Resources Inc is engaged in the commercialization of products and services in the technology industry. The company focuses on unmanned aerial vehicle software, hardware and cloud services for commercial applications.