Magnetite MinesRRSXF 32 Quick Ratio is 0.90 as of Dec. 2025, which is 63% below its 10-year median of 2.46. GuruFocus rates RRSXF with a GF Score™ of 32/100. The stock has 4 warning signs investors should review. Among 2,636 Metals & Mining companies, Magnetite Mines ranks worse than 71.47% 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. Magnetite Mines's quick ratio for the quarter that ended in Dec. 2025 was 0.90.
Magnetite Mines has a quick ratio of 0.90. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Magnetite Mines's Quick Ratio or its related term are showing as below:
RRSXF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.09 Med: 2.46 Max: 20.07
Current: 0.9
During the past 13 years, Magnetite Mines's highest Quick Ratio was 20.07. The lowest was 0.09. And the median was 2.46.
RRSXF's Quick Ratio is ranked worse than 71.47% of 2636
companies
in the Metals & Mining industry
Industry Median: 2.325
vs RRSXF: 0.90
Magnetite Mines (OTCPK:RRSXF) 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.
Magnetite Mines Quick Ratio Related Terms
Magnetite Mines Quick Ratio Historical Data
* Premium members only.
The historical data trend for Magnetite Mines'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, Magnetite Mines'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.
Magnetite Mines Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Magnetite Mines's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Magnetite Mines'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.
Magnetite Mines's Quick Ratio for the fiscal year that ended in Jun. 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.
Magnetite Mines (RRSXF) has a Quick Ratio of 0.90 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Magnetite Mines and its competitors. This is 63% below median its historical median of 2.46. Over the past decade, Magnetite Mines' Quick Ratio has ranged from 0.09 to 20.07. According to the industry distribution chart, Magnetite Mines ranks #1884 out of 2636 companies in the Metals & Mining industry, placing it in the top 71.5%.
Is Magnetite Mines' Quick Ratio too high?
Magnetite Mines' current Quick Ratio of 0.90 is 63% below median its 10-year median of 2.46. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 20.07. The Metals & Mining industry median Quick Ratio is 2.33. Magnetite Mines' value of 0.90 is 61.3% below this industry median. Based on the distribution chart, Magnetite Mines ranks #1884 out of 2636 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Magnetite Mines has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Magnetite Mines' Quick Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Magnetite Mines ranks #1884 out of 2636 companies for Quick Ratio. This places Magnetite Mines in the lower half of its industry. The industry median Quick Ratio is 2.33. Magnetite Mines' value of 0.90 is 61.3% below this benchmark. Historically, Magnetite Mines' own Quick Ratio has ranged from 0.09 to 20.07 over the past decade. While the company's 10-year median is 2.46 vs. the industry median of 2.33, Magnetite Mines 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 2.33, based on 2,636 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. Magnetite Mines's current Quick Ratio of 0.90 is 61.3% 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 Magnetite Mines and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magnetite Mines's current Quick Ratio is 0.90, which is 63% below median its own 10-year median of 2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnetite Mines stock overvalued right now?
Magnetite Mines (RRSXF) has a current Quick Ratio of 0.90. The current Quick Ratio is 0.90, which is 63% below median its 10-year median of 2.46 and 61.3% below the Metals & Mining industry median of 2.33. Magnetite Mines' overall GF Score™ is 32/100 with 4 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 Magnetite Mines (RRSXF), the current Quick Ratio is 0.90 as of Dec. 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.
Magnetite Mines Ltd is a mineral exploration company. It shows interest in the Razorback Iron Project located in the province of South Australia. The group operates in one operating segment and one geographical area, which is Mineral Exploration in Australia. The company's other projects include the Muster Dam Iron Ore Project and Others.
32GF Score
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