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. Sibanye Stillwater's quick ratio for the quarter that ended in Jun. 2023 was 1.72.
Sibanye Stillwater has a quick ratio of 1.72. It generally indicates good short-term financial strength.
The historical rank and industry rank for Sibanye Stillwater's Quick Ratio or its related term are showing as below:
SBSW'
s Quick Ratio Range Over the Past 10 Years
Min: 0.37 Med: 0.91 Max: 1.94
Current: 1.72
During the past 13 years, Sibanye Stillwater's highest Quick Ratio was 1.94. The lowest was 0.37. And the median was 0.91.
SBSW's Quick Ratio is ranked worse than 50.79% of 2672
companies
in the Metals & Mining industry
Industry Median: 1.8
vs SBSW: 1.72
Sibanye Stillwater Quick Ratio Historical Data
The historical data trend for Sibanye Stillwater'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 Sibanye Stillwater's Quick Ratio
For the Gold subindustry, Sibanye Stillwater'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.
Sibanye Stillwater's Quick Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Sibanye Stillwater's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Sibanye Stillwater's Quick Ratio falls into.
Sibanye Stillwater 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.
Sibanye Stillwater's Quick Ratio for the fiscal year that ended in Dec. 2022 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.
Sibanye Stillwater (NYSE:SBSW) 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.
Sibanye Stillwater Quick Ratio Related Terms
Thank you for viewing the detailed overview of Sibanye Stillwater's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Sibanye Stillwater (Sibanye Stillwater) Business Description
Cnr 14th Avenue and Hendrik Potgieter Road, Bridgeview House, Building 11, Ground Floor, Lakeview Avenue, Constantia Office Park, Weltevreden Park, Roodepoort, GT, ZAF, 1709
Sibanye Stillwater Ltd is a South Africa-focused mining company. The Group currently owns and operates five underground and surface gold operations in South Africa: the Cooke, DRDGOLD, Driefontein, and Kloof operations in the West Witwatersrand region, and the Beatrix Operation in the southern Free State province. In addition to mining, the company owns and manages extraction and processing facilities at its operations, where gold-bearing ore is treated and beneficiated to produce gold dore. The gold dore is further refined at Rand Refinery into gold bars with a purity of at least 99.5% and is then sold on international markets. Sibanye holds a 44% interest in Rand Refinery, global refiners of gold, and the largest in Africa. Rand Refinery markets gold to customers around the world.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SBSW has been successfully added to your 