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. Fission Uranium's quick ratio for the quarter that ended in Dec. 2023 was 28.29.
Fission Uranium has a quick ratio of 28.29. It generally indicates good short-term financial strength.
The historical rank and industry rank for Fission Uranium's Quick Ratio or its related term are showing as below:
TSX:FCU'
s Quick Ratio Range Over the Past 10 Years
Min: 4.02 Med: 28.56 Max: 84.61
Current: 28.29
During the past 13 years, Fission Uranium's highest Quick Ratio was 84.61. The lowest was 4.02. And the median was 28.56.
TSX:FCU's Quick Ratio is ranked better than 95.53% of 179
companies
in the Other Energy Sources industry
Industry Median: 1.46
vs TSX:FCU: 28.29
Fission Uranium Quick Ratio Historical Data
The historical data trend for Fission Uranium'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 Fission Uranium's Quick Ratio
For the Uranium subindustry, Fission Uranium'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.
Fission Uranium's Quick Ratio Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Fission Uranium's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Fission Uranium's Quick Ratio falls into.
Fission Uranium 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.
Fission Uranium'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.
Fission Uranium (TSX:FCU) 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.
Fission Uranium Quick Ratio Related Terms
Thank you for viewing the detailed overview of Fission Uranium's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Fission Uranium Corp is a junior resource issuer engaged in the growth and advancement of its core asset, the PLS Property, located in Saskatchewan, Canada. It owns interest in the high grade and near surface Triple R uranium deposit, located on the south western edge of Canada's Athabasca Basin. The company released results of a pre feasibility study outlining an underground only mine plan. The Company's principal business activity is the acquisition and development of exploration and evaluation assets.
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