Rare Element Resources Quick ratio
What is the Quick ratio of Rare Element Resources?
The Quick ratio of Rare Element Resources Ltd. is 29.99
What is the definition of Quick ratio?
Quick ratio is liquidity ratio that measures a company’s ability to use its quick assets to meet its short-term obligations immediately.
mrq (most recent quarter)
The quick ratio is the ratio between quick or liquid assets and current liabilities. Quick assets include those current assets that presumably can be quickly converted to cash at close to their book values. A normal liquid ratio is considered to be 1. A company with a quick ratio of less than 1 cannot at the time fully pay its current liabilities or short-term obligations. This ratio is considered to be a much reliable tool for assessment of liquidity position of companies.
Quick ratio of companies in the Materials sector on OTC compared to Rare Element Resources
What does Rare Element Resources do?
Rare Element Resources Ltd. explores for mineral properties in the United States. It holds a 100% interest in the Bear Lodge property that comprises the Bear Lodge REE project and the Sundance Gold project located in central Crook County, northeast Wyoming. The company is headquartered in Littleton, Colorado.
Companies with quick ratio similar to Rare Element Resources
- Sable Resources has Quick ratio of 29.87
- Copper Search has Quick ratio of 29.90
- New Millennium Iron Corp has Quick ratio of 29.94
- New Age Exploration has Quick ratio of 29.98
- XTL Biopharmaceuticals has Quick ratio of 29.98
- iSentric has Quick ratio of 29.98
- Rare Element Resources has Quick ratio of 29.99
- Greater Bay Area Dynamic Growth has Quick ratio of 30.05
- Cinaport Acquisition III has Quick ratio of 30.08
- CE Brands has Quick ratio of 30.08
- CIP Merchant Capital has Quick ratio of 30.10
- New Found Gold Corp has Quick ratio of 30.17
- Manappuram Finance has Quick ratio of 30.31