Millennial PotashMLPNF -2.74%37 Quick Ratio is 30.95 as of Feb. 2026, which is 156% above its 10-year median of 12.08. GuruFocus rates MLPNF with a GF Score™ of 37/100. The stock has 1 warning sign investors should review. Among 2,637 Metals & Mining companies, Millennial Potash ranks better than 93.59% on this metric.
Millennial Potash has a quick ratio of 30.95. It generally indicates good short-term financial strength.
The historical rank and industry rank for Millennial Potash's Quick Ratio or its related term are showing as below:
MLPNF'
s Quick Ratio Range Over the Past 10 Years
Min: 1.05 Med: 12.08 Max: 367.58
Current: 30.94
During the past 7 years, Millennial Potash's highest Quick Ratio was 367.58. The lowest was 1.05. And the median was 12.08.
MLPNF's Quick Ratio is ranked better than 93.59% of 2637
companies
in the Metals & Mining industry
Industry Median: 2.32
vs MLPNF: 30.94
Millennial Potash (OTCPK:MLPNF) 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.
Millennial Potash Quick Ratio Related Terms
Millennial Potash Quick Ratio Historical Data
* Premium members only.
The historical data trend for Millennial Potash'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.
Millennial Potash Quick Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Millennial Potash'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.
Millennial Potash Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Millennial Potash's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Millennial Potash'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.
Millennial Potash's Quick Ratio for the fiscal year that ended in Aug. 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.
Millennial Potash (MLPNF) has a Quick Ratio of 30.95 as of Feb. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Millennial Potash and its competitors. This is 156% above median its historical median of 12.08. Over the past decade, Millennial Potash's Quick Ratio has ranged from 1.05 to 367.58. According to the industry distribution chart, Millennial Potash ranks #169 out of 2637 companies in the Metals & Mining industry, placing it in the top 6.4%.
Is Millennial Potash's Quick Ratio too high?
Millennial Potash's current Quick Ratio of 30.95 is 156% above median its 10-year median of 12.08. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 367.58. The Metals & Mining industry median Quick Ratio is 2.32. Millennial Potash's value of 30.95 is 1234.1% above this industry median. Based on the distribution chart, Millennial Potash ranks #169 out of 2637 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Millennial Potash has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Millennial Potash's Quick Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Millennial Potash ranks #169 out of 2637 companies for Quick Ratio. This places Millennial Potash in the top 6% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 2.32. Millennial Potash's value of 30.95 is 1234.1% above this benchmark. Historically, Millennial Potash's own Quick Ratio has ranged from 1.05 to 367.58 over the past decade. While the company's 10-year median is 12.08 vs. the industry median of 2.32, Millennial Potash 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 2,637 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. Millennial Potash's current Quick Ratio of 30.95 is 1234.1% 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 Millennial Potash 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. Millennial Potash's current Quick Ratio is 30.95, which is 156% above median its own 10-year median of 12.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millennial Potash stock overvalued right now?
Millennial Potash (MLPNF) has a current Quick Ratio of 30.95. The current Quick Ratio is 30.95, which is 156% above median its 10-year median of 12.08 and 1234.1% above the Metals & Mining industry median of 2.32. Millennial Potash's overall GF Score™ is 37/100 with 1 warning sign 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 Millennial Potash (MLPNF), the current Quick Ratio is 30.95 as of Feb. 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.
Millennial Potash Corp is a Canadian resource company focused on the exploration and development of potash deposits. The company's flagship asset is the Banio Potash Project located along the coast of Gabon, West Africa, which has the potential to have all the right characteristics to become a producer of potash.
37GF Score
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