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. Inca One Gold's quick ratio for the quarter that ended in Jan. 2024 was 0.25.
Inca One Gold has a quick ratio of 0.25. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Inca One Gold's Quick Ratio or its related term are showing as below:
XSGO:IOCL'
s Quick Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.5 Max: 2.57
Current: 0.25
During the past 13 years, Inca One Gold's highest Quick Ratio was 2.57. The lowest was 0.17. And the median was 0.50.
XSGO:IOCL's Quick Ratio is not ranked
in the Metals & Mining industry.
Industry Median: 2.305
vs XSGO:IOCL: 0.25
Inca One Gold (XSGO:IOCL) 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.
Inca One Gold Quick Ratio Related Terms
Inca One Gold Quick Ratio Historical Data
* Premium members only.
The historical data trend for Inca One Gold'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 Gold subindustry, Inca One Gold'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.
Inca One Gold Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Inca One Gold's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Inca One Gold'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.
Inca One Gold's Quick Ratio for the fiscal year that ended in Apr. 2023 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.
Inca One Gold (XSGO:IOCL) has a Quick Ratio of 0.25 as of Jan. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Inca One Gold and its competitors. This is 50% below median its historical median of 0.50. Over the past decade, Inca One Gold's Quick Ratio has ranged from 0.17 to 2.57.
Is Inca One Gold's Quick Ratio too high?
Inca One Gold's current Quick Ratio of 0.25 is 50% below median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 2.57. The Metals & Mining industry median Quick Ratio is 2.31. Inca One Gold's value of 0.25 is 89.2% below this industry median. Overall, Inca One Gold has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Inca One Gold's Quick Ratio compare to NEM?
Inca One Gold's Quick Ratio of 0.25 can be compared against companies in the Metals & Mining industry. The industry median Quick Ratio is 2.31. Inca One Gold's value of 0.25 is 89.2% below this benchmark. Historically, Inca One Gold's own Quick Ratio has ranged from 0.17 to 2.57 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 2.31, Inca One Gold has consistently been below the industry average. 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 Metals & Mining company?
The median Quick Ratio among Metals & Mining companies is 2.31, based on 2,632 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. Inca One Gold's current Quick Ratio of 0.25 is 89.2% 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 Inca One Gold and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inca One Gold's current Quick Ratio is 0.25, which is 50% below median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inca One Gold stock overvalued right now?
Inca One Gold (XSGO:IOCL) has a current Quick Ratio of 0.25. The current Quick Ratio is 0.25, which is 50% below median its 10-year median of 0.50 and 89.2% below the Metals & Mining industry median of 2.31. Inca One Gold's overall GF Score™ is 31/100 with 6 warning signs to review. 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 Inca One Gold (XSGO:IOCL), the current Quick Ratio is 0.25 as of Jan. 2024. 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.
Inca One Gold Corp is a mineral resource company and mineral processing company. It is engaged in the business of developing gold-bearing mineral processing operations in Peru. Its activities consist of the production of gold and silver from the processing of purchased minerals. It provides its service basically to small-scale miners. It's Chala One milling facility located in Chala, Southern Peru. The Koricancha ore processing facility located in Peru. The company operates through a gold milling facility and generates revenue from the same.
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