Labrador Iron Ore Royalty has a quick ratio of 2.01. It generally indicates good short-term financial strength.
The historical rank and industry rank for Labrador Iron Ore Royalty's Quick Ratio or its related term are showing as below:
LIFZF'
s Quick Ratio Range Over the Past 10 Years
Min: 1.13 Med: 1.56 Max: 2.61
Current: 2.01
During the past 13 years, Labrador Iron Ore Royalty's highest Quick Ratio was 2.61. The lowest was 1.13. And the median was 1.56.
LIFZF's Quick Ratio is ranked better than 74.61% of 638
companies
in the Steel industry
Industry Median: 1.02
vs LIFZF: 2.01
Labrador Iron Ore Royalty (OTCPK:LIFZF) 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.
Labrador Iron Ore Royalty Quick Ratio Related Terms
Labrador Iron Ore Royalty 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.
For the Steel subindustry, Labrador Iron Ore 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.
Labrador Iron Ore Royalty Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Labrador Iron Ore Royalty's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Labrador Iron Ore 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.
Labrador Iron Ore 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.
Labrador Iron Ore Royalty (LIFZF) has a Quick Ratio of 2.01 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Labrador Iron Ore Royalty and its competitors. This is 29% above median its historical median of 1.56. Over the past decade, Labrador Iron Ore Royalty's Quick Ratio has ranged from 1.13 to 2.61. According to the industry distribution chart, Labrador Iron Ore Royalty ranks #162 out of 638 companies in the Steel industry, placing it in the top 25.4%.
Is Labrador Iron Ore Royalty's Quick Ratio too high?
Labrador Iron Ore Royalty's current Quick Ratio of 2.01 is 29% above median its 10-year median of 1.56. Over the past 10 years, this metric has ranged from a low of 1.13 to a high of 2.61. The Steel industry median Quick Ratio is 1.02. Labrador Iron Ore Royalty's value of 2.01 is 97.1% above this industry median. Based on the distribution chart, Labrador Iron Ore Royalty ranks #162 out of 638 companies in the Steel industry, which is above the industry midpoint. Overall, Labrador Iron Ore Royalty has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Labrador Iron Ore Royalty's Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Labrador Iron Ore Royalty ranks #162 out of 638 companies for Quick Ratio. This puts Labrador Iron Ore Royalty in the upper half of its industry. The industry median Quick Ratio is 1.02. Labrador Iron Ore Royalty's value of 2.01 is 97.1% above this benchmark. Historically, Labrador Iron Ore Royalty's own Quick Ratio has ranged from 1.13 to 2.61 over the past decade. While the company's 10-year median is 1.56 vs. the industry median of 1.02, Labrador Iron Ore Royalty 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 Steel company?
The median Quick Ratio among Steel companies is 1.02, based on 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. Labrador Iron Ore Royalty's current Quick Ratio of 2.01 is 97.1% 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 Labrador Iron Ore Royalty and its competitors. For the Steel industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Labrador Iron Ore Royalty's current Quick Ratio is 2.01, which is 29% above median its own 10-year median of 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Labrador Iron Ore Royalty stock overvalued right now?
Based on GuruFocus' analysis, Labrador Iron Ore Royalty (LIFZF) is currently considered Fairly Valued. The stock's GF Value™ is $18.13, compared to a current price of $19.99 — trading 10.3% above its estimated fair value. The current Quick Ratio is 2.01, which is 29% above median its 10-year median of 1.56 and 97.1% above the Steel industry median of 1.02. Labrador Iron Ore Royalty's overall GF Score™ is 74/100 with 5 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 Labrador Iron Ore Royalty (LIFZF), the current Quick Ratio is 2.01 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 Labrador Iron Ore Royalty (LIFZF) Overvalued in 2026?
Based on GuruFocus' analysis, Labrador Iron Ore Royalty stock appears to be overvalued.
The current stock price of $19.99 is trading 10.3% above its estimated GF Value™ of $18.13.
GuruFocus considers Labrador Iron Ore Royalty to be Fairly Valued.
Key valuation signals for LIFZF:
Quick Ratio: 2.01 (29% above median its 10-year median of 1.56)
GF Value™: $18.13 vs. price of $19.99 (10.3% above fair value)
Industry Position: 97.1% above the Steel median (#162 of 638)
No single metric tells the full story. See the LIFZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Labrador Iron Ore Royalty Corporation, along with its wholly owned subsidiary, holds approximately fifteen percent interest in Iron Ore Company of Canada (IOC), a North American producer and exporter of iron ore pellets and high-grade concentrate. The company receives approximately seven percent gross overriding royalty on all iron ore products produced, sold, and shipped by IOC and some cents per tonne commission on all iron ore products produced and sold by IOC from the leased lands. Under normal circumstances, Labrador Iron Ore Royalty Corporation pays cash dividends from the free cash flow generated from IOC to the maximum extent possible, subject to the maintenance of appropriate levels of working capital. The firm generates the majority of its revenue in the form of royalty income.
74GF Score
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