What is American International Ventures 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. American International Ventures's quick ratio for the quarter that ended in Aug. 2018 was 0.30.
American International Ventures has a quick ratio of 0.30. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for American International Ventures's Quick Ratio or its related term are showing as below:
AIVN's Quick Ratio is not ranked *
in the Metals & Mining industry.
Industry Median: 1.8 * Ranked among companies with meaningful Quick Ratio only.
American International Ventures Quick Ratio Historical Data
The historical data trend for American International Ventures'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.
Competitive Comparison of American International Ventures's Quick Ratio
For the Gold subindustry, American International Ventures'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.
American International Ventures's Quick Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, American International Ventures's Quick Ratio distribution charts can be found below:
* The bar in red indicates where American International Ventures's Quick Ratio falls into.
American International Ventures 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.
American International Ventures's Quick Ratio for the fiscal year that ended in May. 2018 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.
American International Ventures (OTCPK:AIVN) 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.
American International Ventures Quick Ratio Related Terms
Thank you for viewing the detailed overview of American International Ventures's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
American International Ventures (American International Ventures) Business Description
American International Ventures Inc is an exploration-stage company. It is primarily focused on planning, developing and operating past producing precious metal properties and mines. The company principally explores for gold and silver properties. It holds interests in the Mother Lode Project, which is under construction located in Baja, Mexico. Further, in addition to its mining claims in Nevada, the group also leases certain mining claims in the Baja California, Mexico. Geographically all the business activity primarily functions through the region of Mexico.
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