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. Windfall Geotek's quick ratio for the quarter that ended in Aug. 2024 was 6.28.
Windfall Geotek has a quick ratio of 6.28. It generally indicates good short-term financial strength.
The historical rank and industry rank for Windfall Geotek's Quick Ratio or its related term are showing as below:
XCNQ:WIN'
s Quick Ratio Range Over the Past 10 Years
Min: 0.01 Med: 4.37 Max: 43.67
Current: 6.28
During the past 13 years, Windfall Geotek's highest Quick Ratio was 43.67. The lowest was 0.01. And the median was 4.37.
XCNQ:WIN's Quick Ratio is ranked better than 92.31% of 2823
companies
in the Software industry
Industry Median: 1.64
vs XCNQ:WIN: 6.28
Windfall Geotek Quick Ratio Historical Data
The historical data trend for Windfall Geotek'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 Windfall Geotek's Quick Ratio
For the Software - Application subindustry, Windfall Geotek'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.
Windfall Geotek's Quick Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Windfall Geotek's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Windfall Geotek's Quick Ratio falls into.
Windfall Geotek 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.
Windfall Geotek's Quick Ratio for the fiscal year that ended in Feb. 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.
Windfall Geotek (XCNQ:WIN) 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.
Windfall Geotek Quick Ratio Related Terms
Thank you for viewing the detailed overview of Windfall Geotek's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Windfall Geotek Inc is an Artificial Intelligence company developing its proprietary CARDS analysis and data mining techniques. The Company is exploring a new business model through which it will advance projects where the CARDS artificial intelligence software platform has identified high-potential targets. The Company has determined that it operates in two segments, being acquisition, exploration, and development of mineral properties for economically recoverable reserves in Canada and providing AI services.
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