Akora Resources Ltd Quick ratio
What is the Quick ratio of Akora Resources Ltd?
The Quick ratio of Akora Resources Ltd is 8.36
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 Akora Resources Ltd
What does Akora Resources Ltd do?
Akora Resources Limited engages in the exploration and development of iron ore projects in Madagascar. Its flagship project is the Bekisopa property that consists of three granted research permits and one granted small scale mining permit covering 93.5 square kilometers located in south central Madagascar. The company was formerly known as Indian Pacific Resources Limited. Akora Resources Limited was incorporated in 2009 and is based in Carlton North, Australia.
Companies with quick ratio similar to Akora Resources Ltd
- Nextcure Inc has Quick ratio of 8.35
- Avita Medical has Quick ratio of 8.35
- Goldsource Mines has Quick ratio of 8.36
- Goldsource Mines has Quick ratio of 8.36
- Canstar Resources has Quick ratio of 8.36
- MicroVision has Quick ratio of 8.36
- Akora Resources Ltd has Quick ratio of 8.36
- Jounce Therapeutics Inc has Quick ratio of 8.37
- Cirralto has Quick ratio of 8.38
- FG New America Acquisition has Quick ratio of 8.39
- Credit Suisse AG has Quick ratio of 8.39
- Origin Gold has Quick ratio of 8.39
- Marathon Gold has Quick ratio of 8.40