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HMCC.P: High Mountain 2 Capital Corp

High Mountain 2 Capital Corporation does not have significant operations. It intends to identify and evaluate assets or businesses with a view to complete a qualifying transaction. The company was inc...

- CAD
Price
CAD
Fair Value
Upside
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52-week range

Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on High Mountain 2 Capital Corp's Quick Ratio:

Dec 2015Dec 2017Dec 2019Dec 2021Dec 20230.0x10.0x20.0x30.0x40.0x

Performance Summary
  • High Mountain 2 Capital Corp's quick ratio last quarter was 128.0x
  • High Mountain 2 Capital Corp's quick ratio decreased in 2022 (6.9x, -81.4%) and increased in 2021 (37.2x, +29.5%) and 2023 (18.5x, +167.6%).

Benchmarks

Metric Usage: Quick Ratio

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quick_ratio
Slug
number
Datatype
x.x
Format
Q
Default Period
FY, Q
Periods Supported
Free
Plan

Data is returned as a standard number. Suggested format is a multiple (e.g 7.0x).

To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Quick Ratio in the risk category include:

  • Total Liabilities / Total Assets - A ratio that measures the proportion of a firm's assets financed by liabilities.
  • EBITDA less CapEx Interest Coverage Ratio - A ratio used to assess a firm's ability to pay interest expenses based on EBITDA less Capital Expenditures.
  • Net Debt / Equity - A ratio that measures the level of the net debt relative to the book value of common equity. This ratio is also called net gearing ratio.
  • Debt / Equity - A ratio that measures the level of the debt relative to the book value of common equity.
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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 High Mountain 2 Capital is calculated as follows:

(Cash & ST Investments [ 192.47 T ]
  (+) Accounts Receivable [ NA ]
(/) Current Liabilities [ 1.504 T ]
(=) Quick Ratio [ 128.0x ]

The tables below summarizes the trend in High Mountain 2 Capital’s quick ratio over the last five years:

Fiscal Year Cash & ST Investments Accounts Receivable Current Liabilities Quick Ratio
2025-04-03 NA NA NA NA
2020-12-31 320.411 T NA 11.146 T 28.7x
2021-12-31 297.766 T NA 7.997 T 37.2x
2022-12-31 269.375 T NA 38.893 T 6.9x
2023-12-31 213.987 T NA 11.544 T 18.5x

The tables below summarizes the trend in High Mountain 2 Capital’s quick ratio over the last four quarters:

Fiscal Year Cash & ST Investments Accounts Receivable Current Liabilities Quick Ratio
2023-12-31 213.987 T NA 11.544 T 18.5x
2024-03-31 202.229 T NA 6.594 T 30.7x
2024-06-30 192.545 T NA 1.01 T 190.6x
2024-09-30 192.47 T NA 1.504 T 128.0x

Read more on Wikipedia: Quick Ratio


Click the link below to download a spreadsheet with an example Quick Ratio calculation for High Mountain 2 Capital Corp below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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2.9x42.9x82.9x153.6x050100150

The chart above depicts the distribution of quick ratio for companies operating in the Financials sector in the Developed economic region. Over 2,820 companies were considered in this analysis, and 2,711 had meaningful values. The average quick ratio of companies in the sector is 6.1x with a standard deviation of 17.4x.

High Mountain 2 Capital Corp's Quick Ratio of 128.0x ranks in the 99.0% percentile for the sector. The following table provides additional summary stats:

Quick Ratio In The Financials Sector
Economic Risk RegionDeveloped
Total Constituents2,823
Included Constituents2,711
Min0.0x
Max153.2x
Median0.5x
Mean6.1x
Standard Deviation17.4x

You can find companies with similar quick ratio using this stock screener.

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