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Eldorado Gold Corp  (NYSE: EGO)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials

Eldorado Gold's Quick Ratio

EGO's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth

 


Regardless of the sequential decrease in Current Liabilities, during the forth quarter 2023, Quick Ratio deteriorated to 0.87 above company average Quick Ratio.

Within Metal Mining industry 39 other companies have achieved higher Quick Ratio than Eldorado Gold in forth quarter 2023. While Quick Ratio total ranking has improved so far during the Q4 2023 to 1312, from total ranking in the third quarter 2023 at 1427.

Explain Quick Ratio?
How much Cash & cash equivalents EGO´s has?
What are EGO´s Current Liabilities?


EGO Quick Ratio (Dec 31 2023)
Q4
0
Q3
0
Q2
0
Q1
(Dec 31 2019)
Q4
Y / Y Current Liabilities Change 53.99 % 53.99 % 53.99 % 53.99 % -30.69 %
Y / Y Cash & cash equivalent Change 202.94 % 202.94 % 202.94 % 202.94 % -36.43 %
Quick Ratio MRQ 0.87 0.87 0.87 0.87 0.44
EGO's Total Ranking # 1312 # 1427 # 1445 # 1499 #
Seq. Current Liabilities Change 0 % 0 % 0 % 53.99 % 0 %
Seq. Cash & cash equivalent Change 0 % 0 % 0 % 202.94 % 0 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
Metal Mining Industry # 40
Basic Materials Sector # 94
Overall Market # 1312


Quick Ratio Statistics
High Average Low
0.87 0.6 0.44
(Dec 31 2023)   (Dec 31 2019)




Financial Statements
Eldorado Gold's Current Liabilities $ 636 Millions Visit EGO's Balance sheet
Eldorado Gold's Cash & cash equivalent $ 551 Millions Visit EGO's Balance sheet
Source of EGO's Sales Visit EGO's Sales by Geography


Cumulative Eldorado Gold's Quick Ratio

EGO's Quick Ratio for the trailling 12 Months

EGO Quick Ratio

(Dec 31 2023)
12 Months
0
12 Months
0
12 Months
0
12 Months
(Dec 31 2019)
12 Months
Y / Y Current Liabilities TTM Growth 53.99 % 26.49 % 3.97 % -14.8 % -30.69 %
Y / Y Cash & cash equivalent TTM Growth 202.94 % 120.59 % 56.59 % 5.42 % -36.43 %
Quick Ratio TTM 0.87 0.79 0.7 0.59 0.44
Total Ranking TTM # 3959 # 2987 # 3325 # 3327 #
Seq. Current Liabilities TTM Growth 9.61 % 10.63 % 11.89 % 13.5 % -9.97 %
Seq. Cash & cash equivalent TTM Growth 20.12 % 25.18 % 33.66 % 50.73 % -12.53 %


  News about Eldorado Gold Corp Quick Ratio

Eldorado Gold Boosts Financial Strength Through Extension and Increase of Senior Secured Credit Facility

VANCOUVER, British Columbia - Eldorado Gold Corporation (Eldorado) has recently made a significant announcement regarding the extension and increase of its senior secured credit facility. The Canadian mining company has entered into an agreement with a syndicate of lenders to strengthen its financial position and support its ongoing operations and growth initiatives.
The decision to extend and increase the credit facility comes as a strategic move by Eldorado to optimize its capital structure and enhance its liquidity position. This development reflects the confidence of the lenders in Eldorado s ability to deliver strong results and generate sustainable cash flows.


On the trailing twelve months basis EGO Cash & cash equivalent more than doubled by 202.94 % in Q4 2023 year on year, faster than Current Liabilities, this led to increase in in Eldorado Gold's Quick Ratio to 0.87, above EGO average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Metal Mining industry 87 other companies have achieved higher Quick Ratio than Eldorado Gold. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 2987 to 3959.

Explain Quick Ratio?
How much Cash & cash equivalents EGO´s has?
What are EGO´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Metal Mining Industry # 88
Basic Materials Sector # 314
Within the Market # 3959


trailing twelve months Quick Ratio Statistics
High Average Low
0.87 0.57 0.44
(Dec 31 2023)   (Dec 31 2019)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Metal Mining Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Seabridge Gold Inc   2.09 $ 63.148  Millions$ 30.187  Millions
Centerra Gold Inc   2.06 $ 612.941  Millions$ 297.437  Millions
Paramount Gold Nevada Corp   2.02 $ 8.573  Millions$ 4.251  Millions
Gatos Silver Inc   1.66 $ 55.484  Millions$ 33.357  Millions
Silvercrest Metals Inc   1.66 $ 85.964  Millions$ 51.773  Millions
Idaho Strategic Resources Inc   1.49 $ 2.572  Millions$ 1.729  Millions
Royal Gold Inc  1.44 $ 104.167  Millions$ 72.422  Millions
Westwater Resources inc   1.42 $ 10.852  Millions$ 7.653  Millions
Southern Copper Corp  1.26 $ 1,750.800  Millions$ 1,388.500  Millions
Orla Mining Ltd   1.09 $ 96.632  Millions$ 88.350  Millions
Metalla Royalty and Streaming Ltd   1.08 $ 14.107  Millions$ 13.027  Millions
Freeport mcmoran Inc   1.03 $ 5,966.000  Millions$ 5,815.000  Millions
B2gold Corp   0.98 $ 306.895  Millions$ 313.471  Millions
Osisko Development Corp   0.95 $ 33.287  Millions$ 35.068  Millions
Alamos Gold Inc   0.91 $ 224.800  Millions$ 247.900  Millions
Northern Dynasty Minerals Ltd  0.90 $ 13.941  Millions$ 15.493  Millions
Barrick Gold Corp  0.88 $ 4,148.000  Millions$ 4,715.000  Millions
Eldorado Gold Corp  0.87 $ 551.340  Millions$ 636.059  Millions
Mcewen Mining inc   0.84 $ 23.020  Millions$ 27.364  Millions
Sibanye Stillwater Limited  0.70 $ 25,560.000  Millions$ 36,407.000  Millions
Golden Minerals Company  0.67 $ 3.777  Millions$ 5.673  Millions
Pan American Silver Corp   0.63 $ 462.500  Millions$ 738.600  Millions
Gold Resource Corp  0.62 $ 6.254  Millions$ 10.126  Millions
First Majestic Silver Corp   0.57 $ 125.581  Millions$ 218.980  Millions
Aris Mining Corporation  0.56 $ 194.622  Millions$ 350.240  Millions
Emx Royalty Corporation  0.55 $ 20.677  Millions$ 37.318  Millions
Buenaventura Mining Co Inc  0.53 $ 234.940  Millions$ 441.605  Millions
Integra Resources Corp   0.53 $ 8.815  Millions$ 16.671  Millions
Newmont Corporation  0.50 $ 3,025.000  Millions$ 5,998.000  Millions
Anglogold Ashanti Plc  0.47 $ 964.000  Millions$ 2,032.000  Millions

Date modified: 2024-03-29T13:04:39+00:00



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