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. US Global Investors's quick ratio for the quarter that ended in Dec. 2023 was 18.78.
US Global Investors has a quick ratio of 18.78. It generally indicates good short-term financial strength.
The historical rank and industry rank for US Global Investors's Quick Ratio or its related term are showing as below:
GROW'
s Quick Ratio Range Over the Past 10 Years
Min: 3.44 Med: 12.08 Max: 18.78
Current: 18.78
During the past 13 years, US Global Investors's highest Quick Ratio was 18.78. The lowest was 3.44. And the median was 12.08.
GROW's Quick Ratio is ranked better than 79.42% of 685
companies
in the Asset Management industry
Industry Median: 2.73
vs GROW: 18.78
US Global Investors Quick Ratio Historical Data
The historical data trend for US Global Investors'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.
US Global Investors Annual Data
Trend
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
Jun22
Jun23
Quick Ratio
9.14
5.25
5.20
9.20
13.74
US Global Investors Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Quick Ratio
15.41
14.27
13.74
14.32
18.78
Competitive Comparison
For the Asset Management subindustry, US Global Investors'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.
US Global Investors Quick Ratio Distribution
For the Asset Management industry and Financial Services sector, US Global Investors's Quick Ratio distribution charts can be found below:
* The bar in red indicates where US Global Investors's Quick Ratio falls into.
US Global Investors 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.
US Global Investors's Quick Ratio for the fiscal year that ended in Jun. 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.
US Global Investors (NAS:GROW) 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.
US Global Investors Quick Ratio Related Terms
Thank you for viewing the detailed overview of US Global Investors's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
US Global Investors (US Global Investors) Business Description
US Global Investors Inc is a registered investment advisory firm. The company furnishes an investment program for each of the clients it manages and determines, subject to overall supervision by the applicable board of trustees of the clients, the clients investments pursuant to an advisory agreement. US Global manages the following business segments: Investment management services; Investment management services; and Corporate Investments. It derives all its revenue from Investment management services.
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