Dolly Varden Silver (Dolly Varden Silver) Quick Ratio : 14.27 (As of Dec. 2023)

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What is Dolly Varden Silver 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. Dolly Varden Silver's quick ratio for the quarter that ended in Dec. 2023 was 14.27.

Dolly Varden Silver has a quick ratio of 14.27. It generally indicates good short-term financial strength.

The historical rank and industry rank for Dolly Varden Silver's Quick Ratio or its related term are showing as below:

DOLLF' s Quick Ratio Range Over the Past 10 Years
Min: 0.14 Med: 10.95 Max: 46.01
Current: 14.26

During the past 13 years, Dolly Varden Silver's highest Quick Ratio was 46.01. The lowest was 0.14. And the median was 10.95.

DOLLF's Quick Ratio is ranked better than
88.17% of 2671 companies
in the Metals & Mining industry
Industry Median: 1.79 vs DOLLF: 14.26

Dolly Varden Silver Quick Ratio Historical Data

The historical data trend for Dolly Varden Silver'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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Dolly Varden Silver Quick Ratio Chart

Dolly Varden Silver Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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12.35

16.86

45.97

7.05

14.27

Dolly Varden Silver Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Quick Ratio	Get a 7-Day Free Trial															5.48	7.05	6.77	2.54	14.27

Competitive Comparison of Dolly Varden Silver's Quick Ratio

For the Silver subindustry, Dolly Varden Silver'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.

Dolly Varden Silver's Quick Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Dolly Varden Silver's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Dolly Varden Silver's Quick Ratio falls into.

Dolly Varden Silver 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.

Dolly Varden Silver'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
	=	(8.548	-	0)	/	0.599
	=	14.27

Dolly Varden Silver'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
	=	(8.548	-	0)	/	0.599
	=	14.27

Dolly Varden Silver (OTCPK:DOLLF) 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.

Dolly Varden Silver Quick Ratio Related Terms

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Dolly Varden Silver (Dolly Varden Silver) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dolly Varden Silver Corp (OTCPK:DOLLF) » Definitions » Quick Ratio

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Traded in Other Exchanges

DVQ1:Germany DV:Canada

Address

595 Burrard Street, Suite 3123, Vancouver, BC, CAN, V7X 1J1

Website

https://www.dollyvardensilver.com

Dolly Varden Silver Corp is a mineral exploration company. The company's primary business is the acquisition, exploration, evaluation, and development of exploration and evaluation assets. It is focused on the exploration of the Dolly Varden Silver property located in Northwestern British Columbia, Canada. The Dolly Varden Project contains the core of the Dolly Varden Mining Camp north of Alice Arm, within the Stewart Complex in northwestern British Columbia. The Dolly Varden Project consists of an area of approximately 8,800 hectares.