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Elementos Quick Ratio

: 1.41 (As of Dec. 2020)
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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. Elementos's quick ratio for the quarter that ended in Dec. 2020 was 1.41.

Elementos has a quick ratio of 1.41. It generally indicates good short-term financial strength.

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

OTCPK:ELTLF' s Quick Ratio Range Over the Past 10 Years
Min: 0.19   Med: 4.85   Max: 28.55
Current: 2.17

0.19
28.55

During the past 12 years, Elementos's highest Quick Ratio was 28.55. The lowest was 0.19. And the median was 4.85.

OTCPK:ELTLF's Quick Ratio is ranked lower than
99.99% of the 297 Companies
in the Metals & Mining industry.

( Industry Median: 2.07 vs. OTCPK:ELTLF: 2.17 )

Elementos Quick Ratio Historical Data

The historical data trend for Elementos'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.

Elementos Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.07 13.85 2.13 0.19 2.17

Elementos Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.13 0.61 0.19 1.41 2.17

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Elementos'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.

   

Elementos Quick Ratio Distribution

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

* The bar in red indicates where Elementos's Quick Ratio falls into.



Elementos 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.

Elementos's Quick Ratio for the fiscal year that ended in Jun. 2020 is calculated as

Quick Ratio (A: Jun. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.23257418909593-0)/1.2222222222222
=0.19

Elementos's Quick Ratio for the quarter that ended in Dec. 2020 is calculated as

Quick Ratio (Q: Dec. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1.7048192771084-0)/1.2078313253012
=1.41

* 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.


Elementos  (OTCPK:ELTLF) 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.


Elementos Quick Ratio Related Terms

Thank you for viewing the detailed overview of Elementos's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Elementos Business Description

Elementos logo
Industry
Basic Materials » Metals & Mining NAICS : 212221 SIC : 1081
Traded in Other Exchanges
Address
10 Market Street, Level 6, P.O Box 10555, Brisbane, QLD, AUS, 4000
Elementos Ltd is engaged in the exploration and development of tin mining projects in Australia. The projects of the company include the Cleveland project in Tasmania, and the Oropesa tin project in Andalucia, Spain.

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