Lucara Quick Ratio from 2010 to 2024

LUC Stock  CAD 0.32  0.01  3.03%   
Lucara Diamond Quick Ratio yearly trend continues to be very stable with very little volatility. Quick Ratio is likely to drop to 0.37. Quick Ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. View All Fundamentals
 
Quick Ratio  
First Reported
2010-12-31
Previous Quarter
0.39391781
Current Value
0.37
Quarterly Volatility
35.23495065
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Lucara Diamond financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Lucara main balance sheet or income statement drivers, such as Interest Expense of 2.3 M, Selling General Administrative of 11.9 M or Other Operating Expenses of 98.5 M, as well as many exotic indicators such as Short Term Coverage Ratios of 1.65, Price To Sales Ratio of 0.71 or Dividend Yield of 6.0E-4. Lucara financial statements analysis is a perfect complement when working with Lucara Diamond Valuation or Volatility modules.
  
This module can also supplement various Lucara Diamond Technical models . Check out the analysis of Lucara Diamond Correlation against competitors.

Latest Lucara Diamond's Quick Ratio Growth Pattern

Below is the plot of the Quick Ratio of Lucara Diamond Corp over the last few years. It is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. Lucara Diamond's Quick Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Lucara Diamond's overall financial position and show how it may be relating to other accounts over time.
Quick Ratio10 Years Trend
Slightly volatile
   Quick Ratio   
       Timeline  

Lucara Quick Ratio Regression Statistics

Arithmetic Mean10.89
Geometric Mean1.67
Coefficient Of Variation323.57
Mean Deviation16.97
Median1.12
Standard Deviation35.23
Sample Variance1,242
Range138
R-Value(0.45)
Mean Square Error1,062
R-Squared0.21
Significance0.09
Slope(3.57)
Total Sum of Squares17,381

Lucara Quick Ratio History

2024 0.37
2023 0.39
2022 0.86
2021 1.12
2020 0.49
2019 0.71
2018 0.96

About Lucara Diamond Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Lucara Diamond income statement, its balance sheet, and the statement of cash flows. Lucara Diamond investors use historical funamental indicators, such as Lucara Diamond's Quick Ratio, to determine how well the company is positioned to perform in the future. Although Lucara Diamond investors may use each financial statement separately, they are all related. The changes in Lucara Diamond's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Lucara Diamond's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Lucara Diamond Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Lucara Diamond. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Quick Ratio 0.39  0.37 

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Check out the analysis of Lucara Diamond Correlation against competitors.
Note that the Lucara Diamond Corp information on this page should be used as a complementary analysis to other Lucara Diamond's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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Please note, there is a significant difference between Lucara Diamond's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lucara Diamond is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lucara Diamond's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.