Perpetua ResourcesTSX:PPTA -2.07%34 Quick Ratio is 20.40 as of Mar. 2026, which is 194% above its 10-year median of 6.94. GuruFocus rates TSX:PPTA with a GF Score™ of 34/100. The stock has 1 warning sign investors should review. Among 2,633 Metals & Mining companies, Perpetua Resources ranks better than 88.83% on this metric.
Perpetua Resources has a quick ratio of 20.40. It generally indicates good short-term financial strength.
The historical rank and industry rank for Perpetua Resources's Quick Ratio or its related term are showing as below:
TSX:PPTA'
s Quick Ratio Range Over the Past 10 Years
Min: 0.88 Med: 6.94 Max: 71.1
Current: 20.4
During the past 13 years, Perpetua Resources's highest Quick Ratio was 71.10. The lowest was 0.88. And the median was 6.94.
TSX:PPTA's Quick Ratio is ranked better than 88.83% of 2633
companies
in the Metals & Mining industry
Industry Median: 2.31
vs TSX:PPTA: 20.40
Perpetua Resources (TSX:PPTA) 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.
Perpetua Resources Quick Ratio Related Terms
Perpetua Resources Quick Ratio Historical Data
* Premium members only.
The historical data trend for Perpetua Resources'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 Precious Metals & Mining subindustry, Perpetua Resources'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.
Perpetua Resources Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Perpetua Resources's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Perpetua Resources'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.
Perpetua Resources'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.
Perpetua Resources (TSX:PPTA) has a Quick Ratio of 20.40 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Perpetua Resources and its competitors. This is 194% above median its historical median of 6.94. Over the past decade, Perpetua Resources' Quick Ratio has ranged from 0.88 to 71.10. According to the industry distribution chart, Perpetua Resources ranks #294 out of 2633 companies in the Metals & Mining industry, placing it in the top 11.2%.
Is Perpetua Resources' Quick Ratio too high?
Perpetua Resources' current Quick Ratio of 20.40 is 194% above median its 10-year median of 6.94. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 71.10. The Metals & Mining industry median Quick Ratio is 2.31. Perpetua Resources' value of 20.40 is 783.1% above this industry median. Based on the distribution chart, Perpetua Resources ranks #294 out of 2633 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Perpetua Resources has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Perpetua Resources' Quick Ratio compare to HL?
According to the Metals & Mining industry distribution chart, Perpetua Resources ranks #294 out of 2633 companies for Quick Ratio. This places Perpetua Resources in the top 11% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 2.31. Perpetua Resources' value of 20.40 is 783.1% above this benchmark. Historically, Perpetua Resources' own Quick Ratio has ranged from 0.88 to 71.10 over the past decade. While the company's 10-year median is 6.94 vs. the industry median of 2.31, Perpetua Resources 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 2.31, based on 2,633 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. Perpetua Resources's current Quick Ratio of 20.40 is 783.1% 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 Perpetua Resources and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Perpetua Resources's current Quick Ratio is 20.40, which is 194% above median its own 10-year median of 6.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Perpetua Resources stock overvalued right now?
Perpetua Resources (TSX:PPTA) has a current Quick Ratio of 20.40. The current Quick Ratio is 20.40, which is 194% above median its 10-year median of 6.94 and 783.1% above the Metals & Mining industry median of 2.31. Perpetua Resources' overall GF Score™ is 34/100 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 Perpetua Resources (TSX:PPTA), the current Quick Ratio is 20.40 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.
Perpetua Resources Corp is engaged in acquiring mining properties with the intention of exploring, evaluating, developing and placing them into production, if warranted. Its principal mineral project is the Stibnite Gold Project in Idaho, USA, which contains several gold, silver and antimony mineral deposits. The company's current focus is to redevelop three of the Deposits known as the Hangar Flats Deposit, West End Deposit and Yellow Pine Deposit, all of which are located within the Stibnite Gold Project, as well as reprocess certain historical tailings located on the Project. It operates in one segment: mineral exploration and development in the United States.
34GF Score
Get the complete analysis for TSX:PPTA
Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:PPTA has been successfully added to your 
