Kirkland Lake DiscoveriesTSXV:KLDC +7.81%36 Quick Ratio is 4.09 as of Mar. 2026, which is 68% above its 10-year median of 2.44. GuruFocus rates TSXV:KLDC with a GF Score™ of 36/100. The stock has 1 warning sign investors should review. Among 2,632 Metals & Mining companies, Kirkland Lake Discoveries ranks better than 62.35% on this metric.
Kirkland Lake Discoveries has a quick ratio of 4.09. It generally indicates good short-term financial strength.
The historical rank and industry rank for Kirkland Lake Discoveries's Quick Ratio or its related term are showing as below:
TSXV:KLDC'
s Quick Ratio Range Over the Past 10 Years
Min: 0.2 Med: 2.44 Max: 8.19
Current: 4.09
During the past 13 years, Kirkland Lake Discoveries's highest Quick Ratio was 8.19. The lowest was 0.20. And the median was 2.44.
TSXV:KLDC's Quick Ratio is ranked better than 62.35% of 2632
companies
in the Metals & Mining industry
Industry Median: 2.315
vs TSXV:KLDC: 4.09
Kirkland Lake Discoveries (TSXV:KLDC) 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.
Kirkland Lake Discoveries Quick Ratio Related Terms
Kirkland Lake Discoveries Quick Ratio Historical Data
* 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 Gold subindustry, Kirkland Lake Discoveries'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.
Kirkland Lake Discoveries Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kirkland Lake Discoveries's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Kirkland Lake Discoveries'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.
Kirkland Lake Discoveries's Quick Ratio for the fiscal year that ended in Mar. 2026 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.
Kirkland Lake Discoveries (TSXV:KLDC) has a Quick Ratio of 4.09 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Kirkland Lake Discoveries and its competitors. This is 68% above median its historical median of 2.44. Over the past decade, Kirkland Lake Discoveries' Quick Ratio has ranged from 0.20 to 8.19. According to the industry distribution chart, Kirkland Lake Discoveries ranks #991 out of 2632 companies in the Metals & Mining industry, placing it in the top 37.7%.
Is Kirkland Lake Discoveries' Quick Ratio too high?
Kirkland Lake Discoveries' current Quick Ratio of 4.09 is 68% above median its 10-year median of 2.44. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 8.19. The Metals & Mining industry median Quick Ratio is 2.32. Kirkland Lake Discoveries' value of 4.09 is 76.7% above this industry median. Based on the distribution chart, Kirkland Lake Discoveries ranks #991 out of 2632 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Kirkland Lake Discoveries has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Kirkland Lake Discoveries' Quick Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Kirkland Lake Discoveries ranks #991 out of 2632 companies for Quick Ratio. This puts Kirkland Lake Discoveries in the upper half of its industry. The industry median Quick Ratio is 2.32. Kirkland Lake Discoveries' value of 4.09 is 76.7% above this benchmark. Historically, Kirkland Lake Discoveries' own Quick Ratio has ranged from 0.20 to 8.19 over the past decade. While the company's 10-year median is 2.44 vs. the industry median of 2.32, Kirkland Lake Discoveries 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 2,632 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. Kirkland Lake Discoveries's current Quick Ratio of 4.09 is 76.7% 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 Kirkland Lake Discoveries 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. Kirkland Lake Discoveries's current Quick Ratio is 4.09, which is 68% above median its own 10-year median of 2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kirkland Lake Discoveries stock overvalued right now?
Kirkland Lake Discoveries (TSXV:KLDC) has a current Quick Ratio of 4.09. The current Quick Ratio is 4.09, which is 68% above median its 10-year median of 2.44 and 76.7% above the Metals & Mining industry median of 2.32. Kirkland Lake Discoveries' overall GF Score™ is 36/100 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 Kirkland Lake Discoveries (TSXV:KLDC), the current Quick Ratio is 4.09 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.
Kirkland Lake Discoveries Corp formerly Warrior Gold Inc is a gold exploration company with a 100%-owned property in Kirkland Lake, Ontario, Canada. The Goodfish-Kirana property contains three structural trends, numerous high-grade gold showings, and drill intercepts, as well as 18 historical pits and shafts. Its project portfolio includes Geology and Drilling.
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