* 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 Pinnacle Silver and Gold's Quick Ratio
For the Gold subindustry, Pinnacle Silver and Gold'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.
Pinnacle Silver and Gold's Quick Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pinnacle Silver and Gold's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Pinnacle Silver and Gold's Quick Ratio falls into.
Pinnacle Silver and Gold 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.
Pinnacle Silver and Gold'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.
Pinnacle Silver and Gold (TSXV:PINN) 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.
Pinnacle Silver and Gold Quick Ratio Related Terms
Thank you for viewing the detailed overview of Pinnacle Silver and Gold's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Pinnacle Silver and Gold (TSXV:PINN) Business Description
Newrange Gold Corp has signed a binding Definitive Agreement for an RTO with ASX-listed Mithril Resources to create a new Americas-focused precious metals exploration & development company. The flagship project will be the high-grade gold-silver Copalquin Project in the Sierra Madre of Mexico. The Company will also continue to focus on district-scale exploration for precious metals in the prolific Red Lake District of northwestern Ontario. The past-producing high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch Project offers additional blue-sky potential. Both projects lie within 10-12 kilometres of the Springpole Gold Deposit currently under development by First Mining Gold.
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