Nevada Copper Quick ratio
What is the Quick ratio of Nevada Copper?
The Quick ratio of Nevada Copper Corp. is 0.07
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 TSX compared to Nevada Copper
What does Nevada Copper do?
Nevada Copper Corp. engages in the exploration, development, and operation of mineral properties in Nevada. The company explores for copper, gold, and silver ores. Its holds 100% interests in the Pumpkin Hollow property located in Nevada, the United States. Nevada Copper Corp. is based in Reno, Nevada.
Companies with quick ratio similar to Nevada Copper
- First National has Quick ratio of 0.07
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- AMCI Acquisition has Quick ratio of 0.07
- Nevada Copper has Quick ratio of 0.07
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