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Alamos Gold Inc. operates as a gold producer in Canada, Mexico, and the United States. The company primarily explores for gold deposits. Alamos Gold Inc. was founded in 2003 and is based in Toronto, C...
The following section summarizes insights on Alamos Gold Inc's Quick Ratio:
We've identified the following companies as similar to Alamos Gold Inc 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 Alamos Gold is calculated as follows:
(Cash & ST Investments [ 504.9 M ]
(+) Accounts Receivable [ NA ]
(/) Current Liabilities [ 619.5 M ]
(=) Quick Ratio [ 0.8x ]
The tables below summarizes the trend in Alamos Gold’s quick ratio over the last five years:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2020-12-31 | 336.2 M | NA | 186.9 M | 1.8x |
| 2021-12-31 | 248.4 M | NA | 199 M | 1.2x |
| 2022-12-31 | 200.9 M | NA | 246.3 M | 0.8x |
| 2023-12-31 | 315.1 M | NA | 328.5 M | 1.0x |
| 2024-12-31 | 504.9 M | NA | 619.5 M | 0.8x |
The tables below summarizes the trend in Alamos Gold’s quick ratio over the last four quarters:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2024-03-31 | 347.4 M | NA | 275.9 M | 1.3x |
| 2024-06-30 | 516.5 M | NA | 298.4 M | 1.7x |
| 2024-09-30 | 426.7 M | NA | 506.3 M | 0.8x |
| 2024-12-31 | 504.9 M | NA | 619.5 M | 0.8x |
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 3,190 companies were considered in this analysis, and 3,067 had meaningful values. The average quick ratio of companies in the sector is 3.6x with a standard deviation of 6.5x.
Alamos Gold Inc's Quick Ratio of 0.8x ranks in the 40.6% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 3,195 |
| Included Constituents | 3,067 |
| Min | 0.0x |
| Max | 46.0x |
| Median | 1.1x |
| Mean | 3.6x |
| Standard Deviation | 6.5x |
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