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YGTFF (Gold Terra Resource) Quick Ratio : 0.49 (As of Sep. 2024)


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What is Gold Terra Resource Quick Ratio?

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. Gold Terra Resource's quick ratio for the quarter that ended in Sep. 2024 was 0.49.

Gold Terra Resource has a quick ratio of 0.49. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Gold Terra Resource's Quick Ratio or its related term are showing as below:

YGTFF' s Quick Ratio Range Over the Past 10 Years
Min: 0.35   Med: 4.16   Max: 13.57
Current: 0.49

During the past 13 years, Gold Terra Resource's highest Quick Ratio was 13.57. The lowest was 0.35. And the median was 4.16.

YGTFF's Quick Ratio is ranked worse than
74.91% of 2654 companies
in the Metals & Mining industry
Industry Median: 1.52 vs YGTFF: 0.49

Gold Terra Resource Quick Ratio Historical Data

The historical data trend for Gold Terra Resource'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.

* Premium members only.

Gold Terra Resource Quick Ratio Chart

Gold Terra Resource Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.47 7.60 5.93 3.67 2.23

Gold Terra Resource Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 6.01 2.23 0.81 4.04 0.49

Competitive Comparison of Gold Terra Resource's Quick Ratio

For the Gold subindustry, Gold Terra Resource'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.


Gold Terra Resource's Quick Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Gold Terra Resource's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Gold Terra Resource's Quick Ratio falls into.



Gold Terra Resource 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.

Gold Terra Resource's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1.161-0)/0.521
=2.23

Gold Terra Resource's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.431-0)/0.881
=0.49

* 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.


Gold Terra Resource  (OTCPK:YGTFF) 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.


Gold Terra Resource Quick Ratio Related Terms

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Gold Terra Resource Business Description

Traded in Other Exchanges
Address
325 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 1Z7
Gold Terra Resource Corp is primarily engaged in the acquisition, exploration and development of mineral properties. Its main focus is on the Yellowknife City Gold Project. Other projects of the company include the Stewart property and the Mulligan property.