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. Energy Fuels's quick ratio for the quarter that ended in Dec. 2023 was 18.71.
Energy Fuels has a quick ratio of 18.71. It generally indicates good short-term financial strength.
The historical rank and industry rank for Energy Fuels's Quick Ratio or its related term are showing as below:
TSX:EFR'
s Quick Ratio Range Over the Past 10 Years
Min: 0.9 Med: 2.41 Max: 19.38
Current: 18.71
During the past 13 years, Energy Fuels's highest Quick Ratio was 19.38. The lowest was 0.90. And the median was 2.41.
TSX:EFR's Quick Ratio is ranked better than 92.22% of 180
companies
in the Other Energy Sources industry
Industry Median: 1.5
vs TSX:EFR: 18.71
Energy Fuels Quick Ratio Historical Data
The historical data trend for Energy Fuels'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 Energy Fuels's Quick Ratio
For the Uranium subindustry, Energy Fuels'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.
Energy Fuels's Quick Ratio Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Energy Fuels's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Energy Fuels's Quick Ratio falls into.
Energy Fuels 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.
Energy Fuels's Quick Ratio for the fiscal year that ended in Dec. 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.
Energy Fuels (TSX:EFR) 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.
Energy Fuels Quick Ratio Related Terms
Thank you for viewing the detailed overview of Energy Fuels's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Energy Fuels Inc is a United States-based critical minerals company. The Company mines uranium and produces natural uranium concentrates that are sold to nuclear utilities for the production of carbon-free nuclear energy. It holds two of America's key uranium production centers: The White Mesa Mill in Utah, and the Nichols Ranch ISR Facility in Wyoming. Its producing White Mesa Mill is the only conventional uranium mill in the United States and has a licensed capacity of approximately 8 million pounds of U3O8 per year. Nichols Ranch is in production and has a licensed capacity of approximately 2 million pounds of U3O8 per year. It also produces vanadium. Energy Fuels also owns several licensed and developed uranium and vanadium mines on standby and other projects in development.
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