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What is Lappland Guldprospektering AB Quick Ratio?
Lappland Guldprospektering ABXSAT:LGOLD B +3.00%9 Quick Ratio is 34.22 as of Mar. 2026, which is 9% below its 10-year median of 37.71. GuruFocus rates XSAT:LGOLD B with a GF Score™ of 9/100. The stock has 1 warning sign investors should review. Among 2,636 Metals & Mining companies, Lappland Guldprospektering AB ranks better than 94.8% on this metric.
Lappland Guldprospektering AB has a quick ratio of 34.22. It generally indicates good short-term financial strength.
The historical rank and industry rank for Lappland Guldprospektering AB's Quick Ratio or its related term are showing as below:
XSAT:LGOLD B'
s Quick Ratio Range Over the Past 10 Years
Min: 2.62 Med: 37.71 Max: 625
Current: 34.22
During the past 4 years, Lappland Guldprospektering AB's highest Quick Ratio was 625.00. The lowest was 2.62. And the median was 37.71.
XSAT:LGOLD B's Quick Ratio is ranked better than 94.8% of 2636
companies
in the Metals & Mining industry
Industry Median: 2.315
vs XSAT:LGOLD B: 34.22
Lappland Guldprospektering AB (XSAT:LGOLD B) 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.
Lappland Guldprospektering AB Quick Ratio Related Terms
Lappland Guldprospektering AB 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.
XSAT:LGOLD B vs NEM, AU, RGLD: Quick Ratio Comparison
For the Gold subindustry, Lappland Guldprospektering AB'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.
Lappland Guldprospektering AB Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Lappland Guldprospektering AB's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Lappland Guldprospektering AB's Quick Ratio falls into.
Lappland Guldprospektering AB Quick Ratio Calculation
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.
* 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.
Lappland Guldprospektering AB (XSAT:LGOLD B) has a Quick Ratio of 34.22 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Lappland Guldprospektering AB and its competitors. This is near median its historical median of 37.71. Over the past decade, Lappland Guldprospektering AB's Quick Ratio has ranged from 2.62 to 625.00. According to the industry distribution chart, Lappland Guldprospektering AB ranks #137 out of 2636 companies in the Metals & Mining industry, placing it in the top 5.2%.
Is Lappland Guldprospektering AB's Quick Ratio too high?
Lappland Guldprospektering AB's current Quick Ratio of 34.22 is near median its 10-year median of 37.71. Over the past 10 years, this metric has ranged from a low of 2.62 to a high of 625.00. The Metals & Mining industry median Quick Ratio is 2.32. Lappland Guldprospektering AB's value of 34.22 is 1378.2% above this industry median. Based on the distribution chart, Lappland Guldprospektering AB ranks #137 out of 2636 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Lappland Guldprospektering AB has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Lappland Guldprospektering AB's Quick Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Lappland Guldprospektering AB ranks #137 out of 2636 companies for Quick Ratio. This places Lappland Guldprospektering AB in the top 5% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 2.32. Lappland Guldprospektering AB's value of 34.22 is 1378.2% above this benchmark. Historically, Lappland Guldprospektering AB's own Quick Ratio has ranged from 2.62 to 625.00 over the past decade. While the company's 10-year median is 37.71 vs. the industry median of 2.32, Lappland Guldprospektering AB 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 2,636 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. Lappland Guldprospektering AB's current Quick Ratio of 34.22 is 1378.2% 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 Lappland Guldprospektering AB 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. Lappland Guldprospektering AB's current Quick Ratio is 34.22, which is near median its own 10-year median of 37.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lappland Guldprospektering AB stock overvalued right now?
Lappland Guldprospektering AB (XSAT:LGOLD B) has a current Quick Ratio of 34.22. The current Quick Ratio is 34.22, which is near median its 10-year median of 37.71 and 1378.2% above the Metals & Mining industry median of 2.32. Lappland Guldprospektering AB's overall GF Score™ is 9/100 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 Lappland Guldprospektering AB (XSAT:LGOLD B), the current Quick Ratio is 34.22 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.
Lappland Guldprospektering AB Business Description
Lappland Guldprospektering AB is a Swedish company active in gold prospecting with a focus on developing and operating gold mining in Sweden and the rest of the Nordic region. Its project include Stortjarnhobbens gold project.
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