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Quick Ratio for Jaguar Mining Inc

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JAG: Jaguar Mining Inc

Jaguar Mining Inc., a junior gold mining company, engages in the acquisition, exploration, development, and operation of gold mineral properties in Brazil. The company’s principal assets include the T...

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Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on Jaguar Mining Inc's Quick Ratio:

Dec 2015Dec 2017Dec 2019Dec 2021Dec 20230.2x0.6x1.0x1.4x

Performance Summary
  • Jaguar Mining's quick ratio last quarter was 1.2x
  • Jaguar Mining's quick ratio for fiscal years ending December 2019 to 2023 averaged 0.9x.
  • Jaguar Mining's operated at median quick ratio of 0.7x from fiscal years ending December 2019 to 2023.
  • Looking back at the last 5 years, Jaguar Mining's quick ratio peaked in December 2021 at 1.3x.
  • Jaguar Mining's quick ratio hit its 5-year low in December 2019 of 0.4x.
  • Jaguar Mining's quick ratio decreased in 2022 (0.7x, -45.1%) and 2023 (0.7x, -8.2%) and increased in 2019 (0.4x, +124.2%), 2020 (1.2x, +247.9%), and 2021 (1.3x, +5.2%).

Benchmarks

Metric Usage: Quick Ratio

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Quick Ratio

A ratio used to assess a company's short-term liquidity.

Definition of Quick Ratio

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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 Jaguar Mining is calculated as follows:

(Cash & ST Investments [ 56.255 M ]
  (+) Accounts Receivable [ NA ]
(/) Current Liabilities [ 48.831 M ]
(=) Quick Ratio [ 1.2x ]

The tables below summarizes the trend in Jaguar Mining’s quick ratio over the last five years:

Fiscal Year Cash & ST Investments Accounts Receivable Current Liabilities Quick Ratio
2019-12-31 14.185 M NA 39.64 M 0.4x
2020-12-31 49.507 M NA 39.769 M 1.2x
2021-12-31 51.053 M NA 38.999 M 1.3x
2022-12-31 34.13 M NA 47.497 M 0.7x
2023-12-31 29.204 M NA 44.269 M 0.7x

The tables below summarizes the trend in Jaguar Mining’s quick ratio over the last four quarters:

Fiscal Year Cash & ST Investments Accounts Receivable Current Liabilities Quick Ratio
2023-12-31 29.204 M NA 44.269 M 0.7x
2024-03-31 35.861 M NA 42.373 M 0.8x
2024-06-30 51.185 M NA 42.447 M 1.2x
2024-09-30 56.255 M NA 48.831 M 1.2x

Read more on Wikipedia: Quick Ratio


Click the link below to download a spreadsheet with an example Quick Ratio calculation for Jaguar Mining Inc below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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0.8x15.8x30.8x45.7x100300500

The chart above depicts the distribution of quick ratio for companies operating in the Materials sector in the Developed economic region. Over 3,180 companies were considered in this analysis, and 3,060 had meaningful values. The average quick ratio of companies in the sector is 3.5x with a standard deviation of 6.4x.

Jaguar Mining Inc's Quick Ratio of 1.2x ranks in the 51.5% percentile for the sector. The following table provides additional summary stats:

Quick Ratio In The Materials Sector
Economic Risk RegionDeveloped
Total Constituents3,188
Included Constituents3,060
Min0.0x
Max45.1x
Median1.1x
Mean3.5x
Standard Deviation6.4x

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