Quick Ratio
Higher than 43% of Basic Materials sector peers
Updated 35h ago
Sector Performance
43th percentileCDE
1.89x
Sector Median
1.91x
Sector Avg
4.76x
Deep Analysis
The quick ratio measures a company's ability to pay short-term liabilities with its most liquid assets — a ratio above 1.0x generally indicates sufficient liquidity.
CDE’s current quick ratio of 1.89x sits just below the Basic Materials sector median of 1.91x, placing it at the 43rd percentile among its peers. The year-over-year change is not available, but the quarter-over-quarter change shows a decline of -6.9%, moving from 2.03x to 1.89x. The level is near the sector average, suggesting adequate liquidity, while the recent downward trend introduces a slight caution about short-term financial flexibility. This combination of an average level with a declining trend neither strongly supports nor contradicts the overall NEUTRAL verdict — it reinforces that the stock carries neither a clear liquidity advantage nor a critical weakness.
Frequently Asked Questions
What does the Quick Ratio tell investors about CDE?
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
How is the Quick Ratio calculated?
Quick Ratio is calculated as: (Cash + Receivables) / Current Liabilities.
How does CDE's Quick Ratio compare to its sector?
CDE's Quick Ratio of 1.89x compares to a Basic Materials sector median of 1.91x, placing it in the 43th percentile.
Who are CDE's closest peers by Quick Ratio?
The closest Basic Materials peers by Quick Ratio include: PAAS (1.91x), AEM (2.03x), AG (2.51x), BHP (1.20x), ALB (1.11x).
The Formula
(Cash + Receivables) / Current Liabilities
Why It Matters
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
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1.89x
Sector Median
1.91x
Sector Avg
4.76x
How CDE's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.