Royal Gold Inc (RGLD)
Quick ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 127,882 | 74,232 | 137,950 | 104,167 | 102,901 | 106,157 | 126,816 | 118,586 | 122,238 | 280,617 | 183,707 | 160,208 | 225,916 | 370,260 | 381,859 | 413,116 | 319,128 | 93,715 | 80,504 | 121,970 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 10,190 | 5,637 | 3,109 | 2,676 | 14,248 | 9,602 | 1,724 | 3,066 | 15,056 | 7,712 | 4,397 | 4,081 | 4,520 | 14,669 | 8,939 | 4,298 | 2,435 | 11,361 | 9,671 | 3,698 |
| Total current liabilities | US$ in thousands | 86,323 | 122,383 | 77,145 | 72,422 | 70,847 | 63,068 | 54,998 | 63,587 | 64,476 | 64,013 | 49,543 | 60,264 | 52,083 | 62,691 | 57,154 | 56,139 | 43,555 | 49,830 | 44,130 | 32,373 |
| Quick ratio | 1.60 | 0.65 | 1.83 | 1.48 | 1.65 | 1.84 | 2.34 | 1.91 | 2.13 | 4.50 | 3.80 | 2.73 | 4.42 | 6.14 | 6.84 | 7.44 | 7.38 | 2.11 | 2.04 | 3.88 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($127,882K
+ $—K
+ $10,190K)
÷ $86,323K
= 1.60
The quick ratio of Royal Gold Inc has been fluctuating over the periods analyzed. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
In general, a quick ratio above 1 indicates that the company is able to cover its short-term liabilities with its quick assets, such as cash and accounts receivable. A quick ratio below 1 may indicate potential liquidity issues.
Looking at the data provided, we see that the quick ratio has been variable, ranging from a low of 0.65 to a high of 7.44. The quick ratio was consistently above 1 for most periods, indicating that Royal Gold Inc typically had sufficient quick assets to cover its short-term obligations.
However, there were some lower quick ratio values observed, such as in June 2024 and December 2023, which may suggest a temporary strain on liquidity during those periods.
Additionally, there were some exceptionally high quick ratio values, such as in March 2021 and beyond, indicating a significant level of liquidity relative to short-term liabilities during those periods.
Overall, the trend in Royal Gold Inc's quick ratio indicates that the company has generally maintained a healthy liquidity position to meet its short-term obligations, with some fluctuations observed over the periods analyzed.