Volt Carbon Technologies (Volt Carbon Technologies) Quick Ratio : 0.54 (As of Jan. 2024)

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What is Volt Carbon Technologies Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Volt Carbon Technologies's quick ratio for the quarter that ended in Jan. 2024 was 0.54.

Volt Carbon Technologies has a quick ratio of 0.54. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Volt Carbon Technologies's Quick Ratio or its related term are showing as below:

TORVF' s Quick Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.16 Max: 2.32
Current: 0.54

During the past 13 years, Volt Carbon Technologies's highest Quick Ratio was 2.32. The lowest was 0.01. And the median was 0.16.

TORVF's Quick Ratio is ranked worse than
75.61% of 2673 companies
in the Metals & Mining industry
Industry Median: 1.8 vs TORVF: 0.54

Volt Carbon Technologies Quick Ratio Historical Data

The historical data trend for Volt Carbon Technologies's Quick Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Volt Carbon Technologies Quick Ratio Chart

Volt Carbon Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Quick Ratio

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0.07

0.04

0.22

0.08

Volt Carbon Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Quick Ratio	Get a 7-Day Free Trial															0.16	0.25	0.13	0.08	0.54

Competitive Comparison of Volt Carbon Technologies's Quick Ratio

For the Other Industrial Metals & Mining subindustry, Volt Carbon Technologies's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Volt Carbon Technologies's Quick Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Volt Carbon Technologies's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Volt Carbon Technologies's Quick Ratio falls into.

Volt Carbon Technologies Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Volt Carbon Technologies's Quick Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Quick Ratio (A: Oct. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.069	-	0)	/	0.84
	=	0.08

Volt Carbon Technologies's Quick Ratio for the quarter that ended in Jan. 2024 is calculated as

Quick Ratio (Q: Jan. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.456	-	0)	/	0.84
	=	0.54

Volt Carbon Technologies (OTCPK:TORVF) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.

Volt Carbon Technologies Quick Ratio Related Terms

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Volt Carbon Technologies (Volt Carbon Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volt Carbon Technologies Inc (OTCPK:TORVF) » Definitions » Quick Ratio

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VCT:Canada

Address

70 Country Hills Landing NW, Suite 117, Calgary, AB, CAN, T3K 2L2

Website

https://www.voltcarbontech.com

Volt Carbon Technologies Inc is engaged in the exploration of mineral properties. The company has two operating segments. The mineral exploration and development segment focus on the acquisition and exploration of property interests that are considered potential sites of economic mineralization. The research and development segment focuses on the scientific study and technology applications for air classifier and battery development.