Quick Ratio

The quick ratio measures a company's ability to pay its short-term bills using only its most liquid assets (cash, marketable securities, and receivables), excluding inventory.

At 1.91x, PAAS has $1.91 in liquid assets for every $1 of current liabilities. This ratio is exactly equal to the Basic Materials sector median of 1.91x, placing the company at the 50th percentile among its peers — neither above nor below average. The metric shows no year-over-year change (N/A), but it decreased 7.3% quarter over quarter from 2.06x to 1.91x. While the current level is on par with the sector, the quarterly decline signals a slight reduction in short-term liquidity. Given that the ratio remains well above 1.0x, the combination of an average level and a minor downward trend does not indicate a major risk or opportunity. This metric supports the overall NEUTRAL verdict, as it reflects neither an advantage nor a weakness relative to peers.

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