Bass Metals Quick ratio
What is the Quick ratio of Bass Metals?
The Quick ratio of Bass Metals Limited is 0.80
What is the definition of Quick ratio?
Quick ratio is liquidity ratio that measures a company’s ability to use its quick assets to meet its short-term obligations immediately.
mrq (most recent quarter)
The quick ratio is the ratio between quick or liquid assets and current liabilities. Quick assets include those current assets that presumably can be quickly converted to cash at close to their book values. A normal liquid ratio is considered to be 1. A company with a quick ratio of less than 1 cannot at the time fully pay its current liabilities or short-term obligations. This ratio is considered to be a much reliable tool for assessment of liquidity position of companies.
Quick ratio of companies in the Materials sector on ASX compared to Bass Metals
What does Bass Metals do?
Bass Metals Limited produces industrial mineral concentrates. Its flagship project is the Graphmada Large Flake Graphite mine that is located in eastern Madagascar. The company is based in Brisbane, Australia.
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