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. Vizsla Silver's quick ratio for the quarter that ended in Jan. 2024 was 10.23.
Vizsla Silver has a quick ratio of 10.23. It generally indicates good short-term financial strength.
The historical rank and industry rank for Vizsla Silver's Quick Ratio or its related term are showing as below:
TSXV:VZLA'
s Quick Ratio Range Over the Past 10 Years
Min: 1 Med: 11.74 Max: 227.74
Current: 10.23
During the past 6 years, Vizsla Silver's highest Quick Ratio was 227.74. The lowest was 1.00. And the median was 11.74.
TSXV:VZLA's Quick Ratio is ranked better than 84.68% of 2676
companies
in the Metals & Mining industry
Industry Median: 1.76
vs TSXV:VZLA: 10.23
Vizsla Silver Quick Ratio Historical Data
The historical data trend for Vizsla Silver'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 Vizsla Silver's Quick Ratio
For the Other Industrial Metals & Mining subindustry, Vizsla Silver'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.
Vizsla Silver's Quick Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Vizsla Silver's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Vizsla Silver's Quick Ratio falls into.
Vizsla Silver 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.
Vizsla Silver's Quick Ratio for the fiscal year that ended in Apr. 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.
Vizsla Silver (TSXV:VZLA) 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.
Vizsla Silver Quick Ratio Related Terms
Thank you for viewing the detailed overview of Vizsla Silver's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Vizsla Silver Corp is a junior mineral exploration and development company focused on advancing its Panuco silver-gold project located in Sinaloa, Mexico. The property contains quartz-carbonate veins with workings defining both steeply plunging and sub-horizontal ore shoots. Mineralization occurs as silver sulphides including argentite and acanthite, native gold, electrum and native silver associated with pyrite, minor galena, sphalerite and rare chalcopyrite. It has one operating segment, which is principally mineral exploration.
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