Quick Ratio
Higher than 79% of Basic Materials sector peers
Updated 344h ago
Sector Performance
79th percentileRGLD
3.22x
Sector Median
1.91x
Sector Avg
4.76x
Deep Analysis
The quick ratio of 3.22x means the company holds $3.22 in liquid assets (cash, equivalents, and receivables) for every $1 of current liabilities, indicating strong short-term solvency.
This ratio places the company well above the sector median of 1.91x, ranking in the 79th percentile among Basic Materials peers. Trend data is not available: year-over-year change, quarter-over-quarter change, and the past eight quarters are all reported as N/A. Because no trend can be assessed, the investment risk or opportunity is based solely on the elevated current level, which suggests a lower liquidity risk than the typical peer. The high quick ratio supports the overall NEUTRAL verdict, as solid liquidity is a positive trait but does not by itself justify a bullish or bearish stance given the lack of historical context.
Frequently Asked Questions
What does the Quick Ratio tell investors about RGLD?
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 RGLD's Quick Ratio compare to its sector?
RGLD's Quick Ratio of 3.22x compares to a Basic Materials sector median of 1.91x, placing it in the 79th percentile.
Who are RGLD's closest peers by Quick Ratio?
The closest Basic Materials peers by Quick Ratio include: PAAS (1.91x), CDE (1.89x), AEM (2.03x), AG (2.51x), BHP (1.20x).
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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3.22x
Sector Median
1.91x
Sector Avg
4.76x
How RGLD's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.