Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Southstone MineralsTSXV:SML -12.50% Quick Ratio is 0.63 as of May. 2026, which is 91% above its 10-year median of 0.33. The stock has 3 warning signs investors should review. Among 2,639 Metals & Mining companies, Southstone Minerals ranks worse than 79.01% on this metric.
Southstone Minerals (TSXV:SML) 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.
Southstone Minerals Quick Ratio Related Terms
Southstone Minerals Quick Ratio Historical Data
* Premium members only.
The historical data trend for Southstone 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.
Southstone Minerals Quick Ratio Competitor Comparison
For the Other Precious Metals & Mining subindustry, Southstone 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.
Southstone Minerals Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Southstone Minerals's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Southstone 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.
Southstone Minerals's Quick Ratio for the fiscal year that ended in Aug. 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.
Southstone Minerals (TSXV:SML) has a Quick Ratio of 0.63 as of May. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Southstone Minerals and its competitors. This is 91% above median its historical median of 0.33. Over the past decade, Southstone Minerals' Quick Ratio has ranged from 0.01 to 0.94. According to the industry distribution chart, Southstone Minerals ranks #2085 out of 2639 companies in the Metals & Mining industry, placing it in the top 79%.
Is Southstone Minerals' Quick Ratio too high?
Southstone Minerals' current Quick Ratio of 0.63 is 91% above median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.94. The Metals & Mining industry median Quick Ratio is 2.34. Southstone Minerals' value of 0.63 is 73.1% below this industry median. Based on the distribution chart, Southstone Minerals ranks #2085 out of 2639 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Southstone Minerals' Quick Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Southstone Minerals ranks #2085 out of 2639 companies for Quick Ratio. This places Southstone Minerals in the lower half of its industry. The industry median Quick Ratio is 2.34. Southstone Minerals' value of 0.63 is 73.1% below this benchmark. Historically, Southstone Minerals' own Quick Ratio has ranged from 0.01 to 0.94 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 2.34, Southstone Minerals 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 2.34, based on 2,639 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. Southstone Minerals's current Quick Ratio of 0.63 is 73.1% 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 Southstone Minerals and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southstone Minerals's current Quick Ratio is 0.63, which is 91% above median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southstone Minerals stock overvalued right now?
Based on GuruFocus' analysis, Southstone Minerals (TSXV:SML) is currently considered Possible Value Trap. The stock's GF Value™ is C$0.08, compared to a current price of C$0.04 — trading 56.3% below its estimated fair value. The current Quick Ratio is 0.63, which is 91% above median its 10-year median of 0.33 and 73.1% below the Metals & Mining industry median of 2.34. 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 Southstone Minerals (TSXV:SML), the current Quick Ratio is 0.63 as of May. 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.
Southstone Minerals Ltd is a Canadian junior mining company engaged in the acquisition, exploration, evaluation, development, and mining of mineral properties. It holds the majority interest in the Oena Diamond Mine, an alluvial diamond property located in the Northern Cape Province, South Africa, that produces diamonds of varying sizes and characteristics, including occasional larger stones. The company generates revenue from the sale of diamonds.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSXV:SML has been successfully added to your 
