KGHM Polska Miedz (KGHM Polska Miedz) Quick Ratio : 0.43 (As of Dec. 2023)

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What is KGHM Polska Miedz 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. KGHM Polska Miedz's quick ratio for the quarter that ended in Dec. 2023 was 0.43.

KGHM Polska Miedz has a quick ratio of 0.43. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for KGHM Polska Miedz's Quick Ratio or its related term are showing as below:

KGHPF' s Quick Ratio Range Over the Past 10 Years
Min: 0.43 Med: 0.5 Max: 0.62
Current: 0.43

During the past 13 years, KGHM Polska Miedz's highest Quick Ratio was 0.62. The lowest was 0.43. And the median was 0.50.

KGHPF's Quick Ratio is ranked worse than
79.19% of 2672 companies
in the Metals & Mining industry
Industry Median: 1.805 vs KGHPF: 0.43

KGHM Polska Miedz Quick Ratio Historical Data

The historical data trend for KGHM Polska Miedz'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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KGHM Polska Miedz Quick Ratio Chart

KGHM Polska Miedz Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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0.50

0.54

0.53

0.45

0.43

KGHM Polska Miedz Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Quick Ratio	Get a 7-Day Free Trial															0.45	0.51	0.48	0.44	0.43

Competitive Comparison of KGHM Polska Miedz's Quick Ratio

For the Copper subindustry, KGHM Polska Miedz'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.

KGHM Polska Miedz's Quick Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, KGHM Polska Miedz's Quick Ratio distribution charts can be found below:

* The bar in red indicates where KGHM Polska Miedz's Quick Ratio falls into.

KGHM Polska Miedz 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.

KGHM Polska Miedz'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
	=	(3322.692	-	2088.769)	/	2880.146
	=	0.43

KGHM Polska Miedz's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(3322.692	-	2088.769)	/	2880.146
	=	0.43

KGHM Polska Miedz (OTCPK:KGHPF) 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.

KGHM Polska Miedz Quick Ratio Related Terms

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KGHM Polska Miedz (KGHM Polska Miedz) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » KGHM Polska Miedz SA (OTCPK:KGHPF) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

KGH:Poland 0O8D:UK KGHA:Germany KGHA:Germany KGH:Czech Republic

Address

48 M.Sklodowskiej-Curie Street, Lubin, POL, 59-301

Website

https://www.kghm.com

KGHM Polska Miedz SA engages in copper ore mining and copper production primarily in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewellery, photography products and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is primarily through sales of silver, while a minor portion is generated through the production of gold, salt and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom and the Czech Republic, among many other European nations. KGHM Polska Miedz SA is also involved in construction and engineering, through its wholly owned subsidiary Bipromet SA.