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. Winmill's quick ratio for the quarter that ended in Sep. 2023 was 69.11.
Winmill has a quick ratio of 69.11. It generally indicates good short-term financial strength.
The historical rank and industry rank for Winmill's Quick Ratio or its related term are showing as below:
WNMLA's Quick Ratio is not ranked *
in the Asset Management industry.
Industry Median: 2.815 * Ranked among companies with meaningful Quick Ratio only.
Winmill (OTCPK:WNMLA) 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.
Winmill Quick Ratio Related Terms
Winmill Quick Ratio Historical Data
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The historical data trend for Winmill'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.
For the Asset Management subindustry, Winmill'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.
Winmill Quick Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Winmill's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Winmill'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.
Winmill's Quick Ratio for the fiscal year that ended in Dec. 2006 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.
Winmill (WNMLA) has a Quick Ratio of 69.11 as of Sep. 2023. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Winmill and its competitors.
Is Winmill's Quick Ratio too high?
Winmill's current Quick Ratio is 69.11. The Asset Management industry median Quick Ratio is 2.82. Winmill's value of 69.11 is 2355.1% above this industry median. Overall, Winmill has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Winmill's Quick Ratio compare to DEFG and MVNT?
Winmill's Quick Ratio of 69.11 can be compared against companies in the Asset Management industry. The industry median Quick Ratio is 2.82. Winmill's value of 69.11 is 2355.1% 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 an Asset Management company?
The median Quick Ratio among Asset Management companies is 2.82, based on 708 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. Winmill's current Quick Ratio of 69.11 is 2355.1% 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 Winmill and its competitors. For the Asset Management industry, the median Quick Ratio is 2.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Winmill's current Quick Ratio is 69.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winmill stock overvalued right now?
Winmill (WNMLA) has a current Quick Ratio of 69.11. The current Quick Ratio is 69.11 and 2355.1% above the Asset Management industry median of 2.82. Winmill's overall GF Score™ is 53/100. 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 Winmill (WNMLA), the current Quick Ratio is 69.11 as of Sep. 2023. 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.
Winmill & Co Inc through its subsidiaries provides investment management and distribution for the two mutual funds in the Midas Funds family and investment management for the closed end fund Foxby Corp. The objective of the Company is to increase book value per share over time for the benefit of its stockholders.
53GF Score
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