New Century Resources (ASX:NCZ) Quick Ratio : 0.45 (As of Dec. 2022)

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What is New Century Resources 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. New Century Resources's quick ratio for the quarter that ended in Dec. 2022 was 0.45.

New Century Resources has a quick ratio of 0.45. It indicates that the company cannot currently fully pay back its current liabilities.

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

ASX:NCZ' s Quick Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.46 Max: 66.26
Current: 0.45

During the past 12 years, New Century Resources's highest Quick Ratio was 66.26. The lowest was 0.04. And the median was 0.46.

ASX:NCZ's Quick Ratio is not ranked
in the Metals & Mining industry.
Industry Median: 1.79 vs ASX:NCZ: 0.45

New Century Resources Quick Ratio Historical Data

The historical data trend for New Century 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.

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New Century Resources Quick Ratio Chart

New Century Resources Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Quick Ratio

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2.86

0.60

0.41

0.39

0.77

New Century Resources Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Quick Ratio	Get a 7-Day Free Trial															0.51	0.39	0.74	0.77	0.45

Competitive Comparison of New Century Resources's Quick Ratio

For the Other Industrial Metals & Mining subindustry, New Century 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.

New Century Resources's Quick Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, New Century Resources's Quick Ratio distribution charts can be found below:

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

New Century 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.

New Century Resources's Quick Ratio for the fiscal year that ended in Jun. 2022 is calculated as

Quick Ratio (A: Jun. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(140.313	-	32.64)	/	140.126
	=	0.77

New Century Resources's Quick Ratio for the quarter that ended in Dec. 2022 is calculated as

Quick Ratio (Q: Dec. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(124.051	-	53.649)	/	155.153
	=	0.45

New Century Resources (ASX:NCZ) 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.

New Century Resources Quick Ratio Related Terms

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New Century Resources (ASX:NCZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Century Resources Ltd (ASX:NCZ) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 Collins Street, Level 4, Melbourne, VIC, AUS, 3000

Website

https://www.newcenturyresources.com

New Century Resources Ltd is a mining company focused on producing metal from globally significant assets, acquired on attractive terms while rehabilitating legacy impacts on the environment. The company is a Zinc producer, operating Australia's hydraulic mining operation at the Century Mine in Queensland; extracting, processing and shipping Zinc reprocessed from historical tailings waste. It is actively progressing organic growth opportunities through in-situ projects at Century and exploring the potential to restart the Mt Lyell Copper Mine in Tasmania using renewable energy. In addition, the group is partnering with major mining companies to reprocess and rehabilitate tailings, to the benefit of the shareholders and the environment.