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Canada Nickel CoTSXV:CNC -3.16%37 Quick Ratio is 0.35 as of Apr. 2026, which is 49% below its 10-year median of 0.69. GuruFocus rates TSXV:CNC with a GF Score™ of 37/100. The stock has 1 warning sign investors should review. Among 2,638 Metals & Mining companies, Canada Nickel Co ranks worse than 85.75% on this metric.
Canada Nickel Co (TSXV:CNC) 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.
Canada Nickel Co Quick Ratio Related Terms
Canada Nickel Co Quick Ratio Historical Data
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The historical data trend for Canada Nickel Co'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.
Canada Nickel Co Quick Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Canada Nickel Co'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.
Canada Nickel Co Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Canada Nickel Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Canada Nickel Co'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.
Canada Nickel Co's Quick Ratio for the fiscal year that ended in Oct. 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.
Canada Nickel Co (TSXV:CNC) has a Quick Ratio of 0.35 as of Apr. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Canada Nickel Co and its competitors. This is 49% below median its historical median of 0.69. Over the past decade, Canada Nickel Co's Quick Ratio has ranged from 0.05 to 7.30. According to the industry distribution chart, Canada Nickel Co ranks #2262 out of 2638 companies in the Metals & Mining industry, placing it in the top 85.7%.
Is Canada Nickel Co's Quick Ratio too high?
Canada Nickel Co's current Quick Ratio of 0.35 is 49% below median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 7.30. The Metals & Mining industry median Quick Ratio is 2.33. Canada Nickel Co's value of 0.35 is 84.9% below this industry median. Based on the distribution chart, Canada Nickel Co ranks #2262 out of 2638 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Canada Nickel Co has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Canada Nickel Co's Quick Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Canada Nickel Co ranks #2262 out of 2638 companies for Quick Ratio. This places Canada Nickel Co in the lower half of its industry. The industry median Quick Ratio is 2.33. Canada Nickel Co's value of 0.35 is 84.9% below this benchmark. Historically, Canada Nickel Co's own Quick Ratio has ranged from 0.05 to 7.30 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 2.33, Canada Nickel Co 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 2,638 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. Canada Nickel Co's current Quick Ratio of 0.35 is 84.9% 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 Canada Nickel Co 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. Canada Nickel Co's current Quick Ratio is 0.35, which is 49% below median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canada Nickel Co stock overvalued right now?
Canada Nickel Co (TSXV:CNC) has a current Quick Ratio of 0.35. The current Quick Ratio is 0.35, which is 49% below median its 10-year median of 0.69 and 84.9% below the Metals & Mining industry median of 2.33. Canada Nickel Co'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 Canada Nickel Co (TSXV:CNC), the current Quick Ratio is 0.35 as of Apr. 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.
Canada Nickel Co Inc is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. The company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions.
37GF Score
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