Leo LithiumLLLAF Quick Ratio is 55.91 as of Jun. 2025, which is 73% above its 10-year median of 32.25. The stock has 2 warning signs investors should review.
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. Leo Lithium's quick ratio for the quarter that ended in Jun. 2025 was 55.91.
Leo Lithium has a quick ratio of 55.91. It generally indicates good short-term financial strength.
The historical rank and industry rank for Leo Lithium's Quick Ratio or its related term are showing as below:
LLLAF'
s Quick Ratio Range Over the Past 10 Years
Min: 6.76 Med: 32.25 Max: 59.18
Current: 55.91
During the past 4 years, Leo Lithium's highest Quick Ratio was 59.18. The lowest was 6.76. And the median was 32.25.
LLLAF's Quick Ratio is not ranked
in the Metals & Mining industry.
Industry Median: 2.32
vs LLLAF: 55.91
Leo Lithium (OTCPK:LLLAF) 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.
Leo Lithium Quick Ratio Related Terms
Leo Lithium Quick Ratio Historical Data
* Premium members only.
The historical data trend for Leo Lithium'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 Industrial Metals & Mining subindustry, Leo Lithium'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.
Leo Lithium Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Leo Lithium's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Leo Lithium'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.
Leo Lithium's Quick Ratio for the fiscal year that ended in Dec. 2024 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.
Leo Lithium (LLLAF) has a Quick Ratio of 55.91 as of Jun. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Leo Lithium and its competitors. This is 73% above median its historical median of 32.25. Over the past decade, Leo Lithium's Quick Ratio has ranged from 6.76 to 59.18.
Is Leo Lithium's Quick Ratio too high?
Leo Lithium's current Quick Ratio of 55.91 is 73% above median its 10-year median of 32.25. Over the past 10 years, this metric has ranged from a low of 6.76 to a high of 59.18. The Metals & Mining industry median Quick Ratio is 2.32. Leo Lithium's value of 55.91 is 2309.9% above this industry median.
How does Leo Lithium's Quick Ratio compare to LITM and XPL?
Leo Lithium's Quick Ratio of 55.91 can be compared against companies in the Metals & Mining industry. The industry median Quick Ratio is 2.32. Leo Lithium's value of 55.91 is 2309.9% above this benchmark. Historically, Leo Lithium's own Quick Ratio has ranged from 6.76 to 59.18 over the past decade. While the company's 10-year median is 32.25 vs. the industry median of 2.32, Leo Lithium 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. Leo Lithium's current Quick Ratio of 55.91 is 2309.9% 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 Leo Lithium 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. Leo Lithium's current Quick Ratio is 55.91, which is 73% above median its own 10-year median of 32.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leo Lithium stock overvalued right now?
Leo Lithium (LLLAF) has a current Quick Ratio of 55.91. The current Quick Ratio is 55.91, which is 73% above median its 10-year median of 32.25 and 2309.9% above the Metals & Mining industry median of 2.32. 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 Leo Lithium (LLLAF), the current Quick Ratio is 55.91 as of Jun. 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.
Leo Lithium Ltd is focused on the development of the Goulamina Lithium Project. The company operates in two segments; The Corporate operation includes the Perth Head Office and Project Team, and The Mali operation includes the development of the Goulamina Project and exploration for minerals.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LLLAF has been successfully added to your