Patagonia GoldHGLD -4.65%24 Quick Ratio is 0.09 as of Mar. 2026, which is 57% below its 10-year median of 0.21. GuruFocus rates HGLD with a GF Score™ of 24/100 and a GF Value™ of $0.03 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,638 Metals & Mining companies, Patagonia Gold ranks worse than 93.9% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Patagonia Gold's quick ratio for the quarter that ended in Mar. 2026 was 0.09.
Patagonia Gold has a quick ratio of 0.09. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Patagonia Gold's Quick Ratio or its related term are showing as below:
HGLD'
s Quick Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.21 Max: 2.95
Current: 0.09
During the past 13 years, Patagonia Gold's highest Quick Ratio was 2.95. The lowest was 0.07. And the median was 0.21.
HGLD's Quick Ratio is ranked worse than 93.9% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.32
vs HGLD: 0.09
Patagonia Gold (OTCPK:HGLD) 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.
Patagonia Gold Quick Ratio Related Terms
Patagonia Gold Quick Ratio Historical Data
* Premium members only.
The historical data trend for Patagonia Gold'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, Patagonia Gold'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.
Patagonia Gold Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Patagonia Gold's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Patagonia Gold'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.
Patagonia Gold'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.
Patagonia Gold (HGLD) has a Quick Ratio of 0.09 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Patagonia Gold and its competitors. This is 57% below median its historical median of 0.21. Over the past decade, Patagonia Gold's Quick Ratio has ranged from 0.07 to 2.95. According to the industry distribution chart, Patagonia Gold ranks #2477 out of 2638 companies in the Metals & Mining industry, placing it in the top 93.9%.
Is Patagonia Gold's Quick Ratio too high?
Patagonia Gold's current Quick Ratio of 0.09 is 57% below median its 10-year median of 0.21. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 2.95. The Metals & Mining industry median Quick Ratio is 2.32. Patagonia Gold's value of 0.09 is 96.1% below this industry median. Based on the distribution chart, Patagonia Gold ranks #2477 out of 2638 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Patagonia Gold has a GF Score™ of 24/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Patagonia Gold's Quick Ratio compare to HL?
According to the Metals & Mining industry distribution chart, Patagonia Gold ranks #2477 out of 2638 companies for Quick Ratio. This places Patagonia Gold in the lower half of its industry. The industry median Quick Ratio is 2.32. Patagonia Gold's value of 0.09 is 96.1% below this benchmark. Historically, Patagonia Gold's own Quick Ratio has ranged from 0.07 to 2.95 over the past decade. While the company's 10-year median is 0.21 vs. the industry median of 2.32, Patagonia Gold has consistently been below 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. Patagonia Gold's current Quick Ratio of 0.09 is 96.1% below 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 Patagonia Gold 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. Patagonia Gold's current Quick Ratio is 0.09, which is 57% below median its own 10-year median of 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patagonia Gold stock overvalued right now?
Based on GuruFocus' analysis, Patagonia Gold (HGLD) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.03, compared to a current price of $0.41 — trading 1266.7% above its estimated fair value. The current Quick Ratio is 0.09, which is 57% below median its 10-year median of 0.21 and 96.1% below the Metals & Mining industry median of 2.32. Patagonia Gold's overall GF Score™ is 24/100 with 7 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 Patagonia Gold (HGLD), the current Quick Ratio is 0.09 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 Patagonia Gold (HGLD) Overvalued in 2026?
Based on GuruFocus' analysis, Patagonia Gold stock appears to be overvalued.
The current stock price of $0.41 is trading 1266.7% above its estimated GF Value™ of $0.03.
GuruFocus considers Patagonia Gold to be Significantly Overvalued.
Key valuation signals for HGLD:
Quick Ratio: 0.09 (57% below median its 10-year median of 0.21)
GF Value™: $0.03 vs. price of $0.41 (1266.7% above fair value)
Industry Position: 96.1% below the Metals & Mining median (#2477 of 2638)
No single metric tells the full story. See the HGLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patagonia Gold Corp is a Canada-based mineral exploration company. The firm is engaged in the exploration, development, and production of gold and silver projects in the southern Patagonia region of Argentina and Chile. It also holds interests in mineral exploration companies, which are involved in the identification, acquisition, development, and exploitation of mineral projects. Some of its projects include the Calcatreu, Cap-Oeste, El Tranquilo, La Josefina, La Manchuria and others.
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