Solis MineralsSLMFF -72.31%13 Quick Ratio is 1.48 as of May. 2025. GuruFocus rates SLMFF with a GF Score™ of 13/100. Among 2,638 Metals & Mining companies, Solis Minerals ranks worse than 37907.47% 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. Solis Minerals's quick ratio for the quarter that ended in May. 2025 was 1.48.
Solis Minerals has a quick ratio of 1.48. It generally indicates good short-term financial strength.
The historical rank and industry rank for Solis Minerals's Quick Ratio or its related term are showing as below:
SLMFF's Quick Ratio is not ranked *
in the Metals & Mining industry.
Industry Median: 2.32 * Ranked among companies with meaningful Quick Ratio only.
Solis Minerals (OTCPK:SLMFF) 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.
Solis Minerals Quick Ratio Related Terms
Solis Minerals Quick Ratio Historical Data
* Premium members only.
The historical data trend for Solis Minerals'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 Copper subindustry, Solis Minerals'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.
Solis Minerals Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Solis Minerals's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Solis Minerals'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.
Solis Minerals's Quick Ratio for the fiscal year that ended in May. 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.
Solis Minerals (SLMFF) has a Quick Ratio of 1.48 as of May. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Solis Minerals and its competitors. According to the industry distribution chart, Solis Minerals ranks #999999 out of 2638 companies in the Metals & Mining industry.
Is Solis Minerals' Quick Ratio too high?
Solis Minerals' current Quick Ratio is 1.48. The Metals & Mining industry median Quick Ratio is 2.32. Solis Minerals' value of 1.48 is 36.2% below this industry median. Based on the distribution chart, Solis Minerals ranks #999999 out of 2638 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Solis Minerals has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Solis Minerals' Quick Ratio compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Solis Minerals ranks #999999 out of 2638 companies for Quick Ratio. This places Solis Minerals in the lower half of its industry. The industry median Quick Ratio is 2.32. Solis Minerals' value of 1.48 is 36.2% below this benchmark. 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. Solis Minerals's current Quick Ratio of 1.48 is 36.2% 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 Solis Minerals 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. Solis Minerals's current Quick Ratio is 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solis Minerals stock overvalued right now?
Solis Minerals (SLMFF) has a current Quick Ratio of 1.48. The current Quick Ratio is 1.48 and 36.2% below the Metals & Mining industry median of 2.32. Solis Minerals' overall GF Score™ is 13/100. 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 Solis Minerals (SLMFF), the current Quick Ratio is 1.48 as of May. 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.
Solis Minerals Ltd is a resource exploration company engaged in the acquisition, exploration, and development of mineral resource properties. The Company operates in a single reportable operating segment being the exploration and development of mineral properties. The company is focused on the acquisition of the Peru Copper projects. It also holds an interest in Chancho al Palo Copper Project, Borborema Lithium Project, Brazil, Canyon Project and others.
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