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TRX Gold Corporation is a gold production company that also explores for deposits, with active operations at the Buckreef Gold Project in Tanzania. The company was formerly known as Tanzanian Gold Cor...
The following section summarizes insights on TRX Gold Corp's Quick Ratio:
We've identified the following companies as similar to TRX Gold Corp 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.
Metrics similar to Quick Ratio in the risk category include:
A ratio used to assess a company's short-term liquidity.
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 TRX Gold is calculated as follows:
(Cash & ST Investments [ 6.787 M ]
(+) Accounts Receivable [ NA ]
(/) Current Liabilities [ 20.395 M ]
(=) Quick Ratio [ 0.3x ]
The tables below summarizes the trend in TRX Gold’s quick ratio over the last five years:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2020-08-31 | 4.053 M | NA | 10.59 M | 0.4x |
| 2021-08-31 | 13.447 M | NA | 7.412 M | 1.8x |
| 2022-08-31 | 8.476 M | NA | 17.25 M | 0.5x |
| 2023-08-31 | 7.629 M | NA | 17.81 M | 0.4x |
| 2024-08-31 | 8.331 M | NA | 21.283 M | 0.4x |
The tables below summarizes the trend in TRX Gold’s quick ratio over the last four quarters:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2024-02-29 | 7.959 M | NA | 17.379 M | 0.5x |
| 2024-05-31 | 7.666 M | NA | 21.823 M | 0.4x |
| 2024-08-31 | 8.331 M | NA | 21.283 M | 0.4x |
| 2024-11-30 | 6.787 M | NA | 20.395 M | 0.3x |
Read more on Wikipedia: Quick Ratio
The chart above depicts the distribution of quick ratio for companies operating in the Materials sector in the Developed economic region. Over 3,200 companies were considered in this analysis, and 3,074 had meaningful values. The average quick ratio of companies in the sector is 3.5x with a standard deviation of 6.4x.
TRX Gold Corp's Quick Ratio of 0.3x ranks in the 24.0% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 3,202 |
| Included Constituents | 3,074 |
| Min | 0.0x |
| Max | 44.3x |
| Median | 1.1x |
| Mean | 3.5x |
| Standard Deviation | 6.4x |
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