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. Bannerman Energy's quick ratio for the quarter that ended in Dec. 2023 was 21.97.
Bannerman Energy has a quick ratio of 21.97. It generally indicates good short-term financial strength.
The historical rank and industry rank for Bannerman Energy's Quick Ratio or its related term are showing as below:
ASX:BMN'
s Quick Ratio Range Over the Past 10 Years
Min: 2.85 Med: 15.82 Max: 41.17
Current: 21.97
During the past 13 years, Bannerman Energy's highest Quick Ratio was 41.17. The lowest was 2.85. And the median was 15.82.
ASX:BMN's Quick Ratio is ranked better than 93.3% of 179
companies
in the Other Energy Sources industry
Industry Median: 1.51
vs ASX:BMN: 21.97
Bannerman Energy Quick Ratio Historical Data
The historical data trend for Bannerman Energy'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 Bannerman Energy's Quick Ratio
For the Uranium subindustry, Bannerman Energy'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.
Bannerman Energy's Quick Ratio Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Bannerman Energy's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Bannerman Energy's Quick Ratio falls into.
Bannerman Energy 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.
Bannerman Energy'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.
Bannerman Energy (ASX:BMN) 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.
Bannerman Energy Quick Ratio Related Terms
Thank you for viewing the detailed overview of Bannerman Energy's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bannerman Energy Ltd is an operator of a uranium exploration company intended to be the next generation of uranium suppliers. As part of a Definitive Feasibility Study (DFS), the company plans to develop large open-pit uranium operations, as well as establish Environmental, Social, and Governance (ESG), which will enable best-practice governance across all aspects of the operation.
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