Ionic Rare EarthsASX:IXR -2.60%36 Quick Ratio is 9.21 as of Dec. 2025, which is 47% above its 10-year median of 6.26. GuruFocus rates ASX:IXR with a GF Score™ of 36/100. The stock has 1 warning sign investors should review. Among 2,638 Metals & Mining companies, Ionic Rare Earths ranks better than 77.52% on this metric.
Ionic Rare Earths has a quick ratio of 9.21. It generally indicates good short-term financial strength.
The historical rank and industry rank for Ionic Rare Earths's Quick Ratio or its related term are showing as below:
ASX:IXR'
s Quick Ratio Range Over the Past 10 Years
Min: 0.32 Med: 6.26 Max: 42.68
Current: 9.21
During the past 13 years, Ionic Rare Earths's highest Quick Ratio was 42.68. The lowest was 0.32. And the median was 6.26.
ASX:IXR's Quick Ratio is ranked better than 77.52% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.32
vs ASX:IXR: 9.21
Ionic Rare Earths (ASX:IXR) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Ionic Rare Earths Quick Ratio Related Terms
Ionic Rare Earths Quick Ratio Historical Data
* Premium members only.
The historical data trend for Ionic Rare Earths's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ionic Rare Earths Quick Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Ionic Rare Earths's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ionic Rare Earths Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ionic Rare Earths's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Ionic Rare Earths's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Ionic Rare Earths's Quick Ratio for the fiscal year that ended in Jun. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ionic Rare Earths (ASX:IXR) has a Quick Ratio of 9.21 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Ionic Rare Earths and its competitors. This is 47% above median its historical median of 6.26. Over the past decade, Ionic Rare Earths' Quick Ratio has ranged from 0.32 to 42.68. According to the industry distribution chart, Ionic Rare Earths ranks #593 out of 2638 companies in the Metals & Mining industry, placing it in the top 22.5%.
Is Ionic Rare Earths' Quick Ratio too high?
Ionic Rare Earths' current Quick Ratio of 9.21 is 47% above median its 10-year median of 6.26. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 42.68. The Metals & Mining industry median Quick Ratio is 2.32. Ionic Rare Earths' value of 9.21 is 297% above this industry median. Based on the distribution chart, Ionic Rare Earths ranks #593 out of 2638 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Ionic Rare Earths has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Ionic Rare Earths' Quick Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Ionic Rare Earths ranks #593 out of 2638 companies for Quick Ratio. This places Ionic Rare Earths in the top 23% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 2.32. Ionic Rare Earths' value of 9.21 is 297% above this benchmark. Historically, Ionic Rare Earths' own Quick Ratio has ranged from 0.32 to 42.68 over the past decade. While the company's 10-year median is 6.26 vs. the industry median of 2.32, Ionic Rare Earths has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Metals & Mining company?
The median Quick Ratio among Metals & Mining companies is 2.32, based on 2,638 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ionic Rare Earths's current Quick Ratio of 9.21 is 297% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Ionic Rare Earths and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ionic Rare Earths's current Quick Ratio is 9.21, which is 47% above median its own 10-year median of 6.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ionic Rare Earths stock overvalued right now?
Ionic Rare Earths (ASX:IXR) has a current Quick Ratio of 9.21. The current Quick Ratio is 9.21, which is 47% above median its 10-year median of 6.26 and 297% above the Metals & Mining industry median of 2.32. Ionic Rare Earths' overall GF Score™ is 36/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Ionic Rare Earths (ASX:IXR), the current Quick Ratio is 9.21 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Ionic Rare Earths Ltd is a mineral exploration company. It is engaged in the mining, refining, and recycling of magnet and heavy rare earth critical minerals for energy transition, manufacturing, and defense. Its projects include the Makuutu project in Uganda. The company also has a magnet recycling facility in Northern Ireland. It is organized into one operating segment, exploration operations. Geographically, its activities are conducted across three geographic locations, Australia which generates maximum revenue, Uganda, and the United Kingdom.
36GF Score
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