Elemental Royalty has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Elemental Royalty's Quick Ratio or its related term are showing as below:
ELE'
s Quick Ratio Range Over the Past 10 Years
Min: 0.24 Med: 7.46 Max: 73.3
Current: 6.58
During the past 7 years, Elemental Royalty's highest Quick Ratio was 73.30. The lowest was 0.24. And the median was 7.46.
ELE's Quick Ratio is ranked better than 72.48% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.32
vs ELE: 6.58
Elemental Royalty (NAS:ELE) 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.
Elemental Royalty Quick Ratio Related Terms
Elemental Royalty Quick Ratio Historical Data
* Premium members only.
The historical data trend for Elemental Royalty'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.
For the Other Precious Metals & Mining subindustry, Elemental Royalty'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.
Elemental Royalty Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Elemental Royalty's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Elemental Royalty'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.
Elemental Royalty's Quick Ratio for the fiscal year that ended in Dec. 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.
Elemental Royalty (ELE) has a Quick Ratio of 0.00 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Elemental Royalty and its competitors. Over the past decade, Elemental Royalty's Quick Ratio has ranged from 0.24 to 73.30. According to the industry distribution chart, Elemental Royalty ranks #726 out of 2638 companies in the Metals & Mining industry, placing it in the top 27.5%.
Is Elemental Royalty's Quick Ratio too high?
Elemental Royalty's current Quick Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 73.30. Based on the distribution chart, Elemental Royalty ranks #726 out of 2638 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Elemental Royalty has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Elemental Royalty's Quick Ratio compare to HL?
According to the Metals & Mining industry distribution chart, Elemental Royalty ranks #726 out of 2638 companies for Quick Ratio. This puts Elemental Royalty in the upper half of its industry. The industry median Quick Ratio is 2.32. Historically, Elemental Royalty's own Quick Ratio has ranged from 0.24 to 73.30 over the past decade. 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. 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 Elemental Royalty 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. Elemental Royalty's current Quick Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elemental Royalty stock overvalued right now?
Based on GuruFocus' analysis, Elemental Royalty (ELE) is currently considered Fairly Valued. The stock's GF Value™ is $16.24, compared to a current price of $16.27 — trading 0.2% above its estimated fair value. The current Quick Ratio is 0.00. Elemental Royalty's overall GF Score™ is 65/100 with 3 warning signs 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 Elemental Royalty (ELE), the current Quick Ratio is 0.00 as of Mar. 2026. 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.
Is Elemental Royalty (ELE) Overvalued in 2026?
Based on GuruFocus' analysis, Elemental Royalty stock appears to be overvalued.
The current stock price of $16.27 is trading 0.2% above its estimated GF Value™ of $16.24.
GuruFocus considers Elemental Royalty to be Fairly Valued.
Key valuation signals for ELE:
Quick Ratio: 0.00
GF Value™: $16.24 vs. price of $16.27 (0.2% above fair value)
No single metric tells the full story. See the ELE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elemental Royalty Corp is engaged in exploration discovery, royalty generation, royalty acquisition, and strategic investments. It is the result of the strategic merger of Elemental Altus Royalties and EMX Royalty Corporation together creating a mid-tier gold-focused royalty company with the scale, diversification, and cash flow. Geographically, the company generates revenue from North America, South America, Europe, Australia and Africa.
65GF Score
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