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Nevada Organic PhosphateXCNQ:NOP 38 Quick Ratio is 4.12 as of Apr. 2026, which is 69% above its 10-year median of 2.44. GuruFocus rates XCNQ:NOP with a GF Score™ of 38/100. The stock has 2 warning signs investors should review. Among 2,643 Metals & Mining companies, Nevada Organic Phosphate ranks better than 61.37% on this metric.
Nevada Organic Phosphate (XCNQ:NOP) 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.
Nevada Organic Phosphate Quick Ratio Related Terms
Nevada Organic Phosphate 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.
Nevada Organic Phosphate Quick Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Nevada Organic Phosphate'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.
Nevada Organic Phosphate Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nevada Organic Phosphate's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Nevada Organic Phosphate'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.
Nevada Organic Phosphate's Quick Ratio for the fiscal year that ended in Apr. 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.
Nevada Organic Phosphate (XCNQ:NOP) has a Quick Ratio of 4.12 as of Apr. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Nevada Organic Phosphate and its competitors. This is 69% above median its historical median of 2.44. Over the past decade, Nevada Organic Phosphate's Quick Ratio has ranged from 0.10 to 10.38. According to the industry distribution chart, Nevada Organic Phosphate ranks #1021 out of 2643 companies in the Metals & Mining industry, placing it in the top 38.6%.
Is Nevada Organic Phosphate's Quick Ratio too high?
Nevada Organic Phosphate's current Quick Ratio of 4.12 is 69% above median its 10-year median of 2.44. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 10.38. The Metals & Mining industry median Quick Ratio is 2.41. Nevada Organic Phosphate's value of 4.12 is 71% above this industry median. Based on the distribution chart, Nevada Organic Phosphate ranks #1021 out of 2643 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Nevada Organic Phosphate has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Nevada Organic Phosphate's Quick Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Nevada Organic Phosphate ranks #1021 out of 2643 companies for Quick Ratio. This puts Nevada Organic Phosphate in the upper half of its industry. The industry median Quick Ratio is 2.41. Nevada Organic Phosphate's value of 4.12 is 71% above this benchmark. Historically, Nevada Organic Phosphate's own Quick Ratio has ranged from 0.10 to 10.38 over the past decade. While the company's 10-year median is 2.44 vs. the industry median of 2.41, Nevada Organic Phosphate 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 2.41, based on 2,643 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. Nevada Organic Phosphate's current Quick Ratio of 4.12 is 71% 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 Nevada Organic Phosphate and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nevada Organic Phosphate's current Quick Ratio is 4.12, which is 69% 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 Nevada Organic Phosphate stock overvalued right now?
Nevada Organic Phosphate (XCNQ:NOP) has a current Quick Ratio of 4.12. The current Quick Ratio is 4.12, which is 69% above median its 10-year median of 2.44 and 71% above the Metals & Mining industry median of 2.41. Nevada Organic Phosphate's overall GF Score™ is 38/100 with 2 warning signs 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 Nevada Organic Phosphate (XCNQ:NOP), the current Quick Ratio is 4.12 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.
Nevada Organic Phosphate Inc is an exploration stage junior mining company that engages in the identification, acquisition, evaluation, and exploration of agricultural minerals, precious and base metals with mineral properties in the United States. Its projects include the Murdock Mountain Property located in Elko County, Nevada.
38GF Score
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