Quick Ratio Analysis of Newmont Goldcorp Corp - Deep Dive
Latest FY Quick Ratio
Period Ending - Dec-23
Not Good Quick Ratio
0.810
Period Ending - Dec-22
Good Quick Ratio
2.96
Growth
-72.62 %
Most recent Quarter Quick Ratio
Period Ending - Mar-24
Very Poor Quick Ratio
-17.18
Quick Ratio Analysis of Newmont Goldcorp Corp
Quick Ratio of Newmont Goldcorp Corp with value of -17.18 indicates company has highly illiquid balance sheet ro pay its obligations in latest Quarter ending on Mar-24. |
Quick Ratio of NEM drastically fell by -72.62 % this year. |
Quick Ratio with value of 2.96 was highest in Year Dec-22 in last Five Years. |
Quick Ratio with value of 0.810 was lowest in Year Dec-23 in last Five Years. |
Latest Quick Ratio with value of 0.810 is lower than Average Quick Ratio of 2.04 in last five years. |
Other Quick Ratio Related Info of NEM that may interest you.
Newmont Goldcorp Corp Overview
Code | Price | Previous Price | Price Change | Sector |
---|---|---|---|---|
NEM | 40.82 | 40.56 | 0.641 % | Gold |
Defination of Quick Ratio
Quick assets are those assets that can be converted quickly into cash. It indicates whether the company can pay its current short-term obligations or not using its quick assets. This metric is an improved version of the current ratio. more ..![Quick Ratio Formula Quick Ratio Formula](https://my.stockaio.com/help/template/FinDef/EfficiencyRatios/QuickRatio.jpg)
Quick Ratio Related Ratios
CurrentRatio | ShortTermDebtToEquityRatio |
Tsr Stability Index
No Significant Stability |
FY - Historical Quick Ratio of Newmont Goldcorp Corp
Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
---|---|---|---|---|---|---|---|
Quick Ratio | 0.810 | 2.96 | 2.23 | 1.99 | 2.20 | 2.60 | 3.14 |
Change | -72.62 % | 32.94 % | 11.70 % | -9.59 % | -15.22 % | -17.31 % | 35.55 % |
FY Chart of Quick Ratio of Newmont Goldcorp Corp
Note : All Data Generated at the End of Trading Hours (EOD Data)