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Great Red Lake GoldXCNQ:RLGC +3.23%15 Quick Ratio is 3.81 as of Mar. 2026, which is 89% below its 10-year median of 34.55. GuruFocus rates XCNQ:RLGC with a GF Score™ of 15/100. Among 2,635 Metals & Mining companies, Great Red Lake Gold ranks better than 60.04% on this metric.
Great Red Lake Gold (XCNQ:RLGC) 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.
Great Red Lake Gold Quick Ratio Related Terms
Great Red Lake Gold Quick Ratio Historical Data
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The historical data trend for Great Red Lake Gold'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.
Great Red Lake Gold Quick Ratio Chart
Great Red Lake Gold Annual Data
Trend
Quick Ratio
Great Red Lake Gold Quarterly Data
Dec25
Mar26
Quick Ratio
65.29
3.81
XCNQ:RLGC vs HL: Quick Ratio Comparison
For the Other Precious Metals & Mining subindustry, Great Red Lake Gold'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.
Great Red Lake Gold Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Great Red Lake Gold's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Great Red Lake Gold'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.
Great Red Lake Gold's Quick Ratio for the fiscal year that ended in . 20 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.
Great Red Lake Gold (XCNQ:RLGC) has a Quick Ratio of 3.81 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Great Red Lake Gold and its competitors. This is 89% below median its historical median of 34.55. Over the past decade, Great Red Lake Gold's Quick Ratio has ranged from 3.81 to 65.29. According to the industry distribution chart, Great Red Lake Gold ranks #1053 out of 2635 companies in the Metals & Mining industry, placing it in the top 40%.
Is Great Red Lake Gold's Quick Ratio too high?
Great Red Lake Gold's current Quick Ratio of 3.81 is 89% below median its 10-year median of 34.55. Over the past 10 years, this metric has ranged from a low of 3.81 to a high of 65.29. The Metals & Mining industry median Quick Ratio is 2.35. Great Red Lake Gold's value of 3.81 is 62.1% above this industry median. Based on the distribution chart, Great Red Lake Gold ranks #1053 out of 2635 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Great Red Lake Gold has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Great Red Lake Gold's Quick Ratio compare to HL?
According to the Metals & Mining industry distribution chart, Great Red Lake Gold ranks #1053 out of 2635 companies for Quick Ratio. This puts Great Red Lake Gold in the upper half of its industry. The industry median Quick Ratio is 2.35. Great Red Lake Gold's value of 3.81 is 62.1% above this benchmark. Historically, Great Red Lake Gold's own Quick Ratio has ranged from 3.81 to 65.29 over the past decade. While the company's 10-year median is 34.55 vs. the industry median of 2.35, Great Red Lake Gold 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 2.35, based on 2,635 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. Great Red Lake Gold's current Quick Ratio of 3.81 is 62.1% 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 Great Red Lake Gold and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Great Red Lake Gold's current Quick Ratio is 3.81, which is 89% below median its own 10-year median of 34.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Red Lake Gold stock overvalued right now?
Great Red Lake Gold (XCNQ:RLGC) has a current Quick Ratio of 3.81. The current Quick Ratio is 3.81, which is 89% below median its 10-year median of 34.55 and 62.1% above the Metals & Mining industry median of 2.35. Great Red Lake Gold's overall GF Score™ is 15/100. 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 Great Red Lake Gold (XCNQ:RLGC), the current Quick Ratio is 3.81 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.
Great Red Lake Gold Corp is a Toronto-based exploration and development company focused on the acquisition,exploration and development of properties which are prospective for gold and other metals.
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