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We've identified the following companies as similar to Sandfire Resources NL because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Quick Ratio or acid-test or liquidity ratio measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately. Quick Ratio is defined as:
(Cash & ST Investments
(+) Accounts Receivable)
(/) Current Liabilities
(=) Quick Ratio
Quick Ratio for Sandfire Resources is calculated as follows:
(Cash & ST Investments [ 317.3 M ]
(+) Accounts Receivable [ 107.8 M ]
(/) Current Liabilities [ 450.6 M ]
(=) Quick Ratio [ 0.9x ]
The tables below summarizes the trend in Sandfire Resources’s quick ratio over the last five years:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2020-06-30 | 291.1 M | 22.567 M | 72.209 M | 4.3x |
| 2021-06-30 | 575.2 M | 15.01 M | 187.6 M | 3.1x |
| 2022-06-30 | 670.7 M | 46.675 M | 957.9 M | 0.7x |
| 2023-06-30 | 213.1 M | 37.783 M | 424 M | 0.6x |
| 2024-06-30 | 274.9 M | 58.619 M | 341.3 M | 1.0x |
The tables below summarizes the trend in Sandfire Resources’s quick ratio over the last four quarters:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2024-03-31 | 281.2 M | 59.964 M | 349.1 M | 1.0x |
| 2024-06-30 | 274.9 M | 58.619 M | 341.3 M | 1.0x |
| 2024-09-30 | 284 M | 96.461 M | 403.4 M | 0.9x |
| 2024-12-31 | 317.3 M | 107.8 M | 450.6 M | 0.9x |
Read more on Wikipedia: Quick Ratio