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. Graphite One's quick ratio for the quarter that ended in Dec. 2023 was 1.03.
Graphite One has a quick ratio of 1.03. It generally indicates good short-term financial strength.
The historical rank and industry rank for Graphite One's Quick Ratio or its related term are showing as below:
TSXV:GPH'
s Quick Ratio Range Over the Past 10 Years
Min: 0.09 Med: 1.22 Max: 7.57
Current: 1.03
During the past 13 years, Graphite One's highest Quick Ratio was 7.57. The lowest was 0.09. And the median was 1.22.
TSXV:GPH's Quick Ratio is ranked worse than 62.72% of 2680
companies
in the Metals & Mining industry
Industry Median: 1.725
vs TSXV:GPH: 1.03
Graphite One Quick Ratio Historical Data
The historical data trend for Graphite One'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 Graphite One's Quick Ratio
For the Other Industrial Metals & Mining subindustry, Graphite One'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.
Graphite One's Quick Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Graphite One's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Graphite One's Quick Ratio falls into.
Graphite One 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.
Graphite One'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.
Graphite One (TSXV:GPH) 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.
Graphite One Quick Ratio Related Terms
Thank you for viewing the detailed overview of Graphite One's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Graphite One Inc is developing its Graphite One Project to become a producer of high-grade anode materials integrated with a U.S. graphite resource. The project would mine, process and manufacture anode materials for the lithium?ion battery market. Graphite would be mined at the company's Graphite Creek Property about 60 km north of Nome, Alaska and processed into concentrate at an adjacent plant. Natural and artificial graphite anode materials and other graphite products would be manufactured from the concentrate and other materials at the company's proposed advanced graphite materials manufacturing facility expected to be in Washington State.
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