Quick Ratio
Higher than 93% of Basic Materials sector peers
Updated 8h ago
Sector Performance
93th percentileWPM
4.52x
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, excluding inventory.
At 4.52x, WPM holds $4.52 in quick assets for every $1 of current debt, indicating ample liquidity. This is well above the Basic Materials sector median of 1.91x, placing WPM in the 93rd percentile among peers. No trend data is available — the year-over-year and quarter-over-quarter changes are both marked as N/A, and there are no historical values beyond the current figure. A very high quick ratio combined with an absent trend offers no insight into whether that liquidity is stable, improving, or declining. This level alone suggests lowered near-term financial risk, but without trend context, it is neutral as both a positive signal and a potential sign of idle cash. Therefore, this metric aligns with the overall NEUTRAL verdict, supporting neither a bullish nor bearish bias.
Frequently Asked Questions
What does the Quick Ratio tell investors about WPM?
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 WPM's Quick Ratio compare to its sector?
WPM's Quick Ratio of 4.52x compares to a Basic Materials sector median of 1.91x, placing it in the 93th percentile.
Who are WPM'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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4.52x
Sector Median
1.91x
Sector Avg
4.76x
How WPM's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.