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Quebec Innovative MaterialsFRA:7FJ +2.86%20 Quick Ratio is 12.90 as of Jun. 2026, which is 200% above its 10-year median of 4.30. GuruFocus rates FRA:7FJ with a GF Score™ of 20/100. Among 2,641 Metals & Mining companies, Quebec Innovative Materials ranks better than 82.92% on this metric.
Quebec Innovative Materials (FRA:7FJ) 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.
Quebec Innovative Materials Quick Ratio Related Terms
Quebec Innovative Materials Quick Ratio Historical Data
* 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.
Quebec Innovative Materials Quick Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Quebec Innovative Materials'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.
Quebec Innovative Materials Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Quebec Innovative Materials's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Quebec Innovative Materials's Quick Ratio falls into.
Quebec Innovative Materials Quick Ratio Calculation
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.
* 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.
Quebec Innovative Materials (FRA:7FJ) has a Quick Ratio of 12.90 as of Jun. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Quebec Innovative Materials and its competitors. This is 200% above median its historical median of 4.30. Over the past decade, Quebec Innovative Materials' Quick Ratio has ranged from 1.32 to 65.73. According to the industry distribution chart, Quebec Innovative Materials ranks #451 out of 2641 companies in the Metals & Mining industry, placing it in the top 17.1%.
Is Quebec Innovative Materials' Quick Ratio too high?
Quebec Innovative Materials' current Quick Ratio of 12.90 is 200% above median its 10-year median of 4.30. Over the past 10 years, this metric has ranged from a low of 1.32 to a high of 65.73. The Metals & Mining industry median Quick Ratio is 2.43. Quebec Innovative Materials' value of 12.90 is 430.9% above this industry median. Based on the distribution chart, Quebec Innovative Materials ranks #451 out of 2641 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Quebec Innovative Materials has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Quebec Innovative Materials' Quick Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Quebec Innovative Materials ranks #451 out of 2641 companies for Quick Ratio. This places Quebec Innovative Materials in the top 17% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 2.43. Quebec Innovative Materials' value of 12.90 is 430.9% above this benchmark. Historically, Quebec Innovative Materials' own Quick Ratio has ranged from 1.32 to 65.73 over the past decade. While the company's 10-year median is 4.30 vs. the industry median of 2.43, Quebec Innovative Materials 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 2.43, based on 2,641 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. Quebec Innovative Materials's current Quick Ratio of 12.90 is 430.9% 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 Quebec Innovative Materials and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quebec Innovative Materials's current Quick Ratio is 12.90, which is 200% above median its own 10-year median of 4.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quebec Innovative Materials stock overvalued right now?
Quebec Innovative Materials (FRA:7FJ) has a current Quick Ratio of 12.90. The current Quick Ratio is 12.90, which is 200% above median its 10-year median of 4.30 and 430.9% above the Metals & Mining industry median of 2.43. Quebec Innovative Materials' overall GF Score™ is 20/100. 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 Quebec Innovative Materials (FRA:7FJ), the current Quick Ratio is 12.90 as of Jun. 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.
Quebec Innovative Materials Corp is engaged in the exploration of mineral resource properties with an emphasis on the Charlevoix Silica Property located in Clermont. The projects of the company involve Industrial Minerals, Pilot processing and Hydrogen Helium. The company geographically operates in Canada and the United States.
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