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Peak Resources Quick ratio

What is the Quick ratio of Peak Resources?

The Quick ratio of Peak Resources Limited is 3.94

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 ASX compared to Peak Resources

What does Peak Resources do?

Peak Rare Earths Limited engages in the exploration and evaluation of mineral licenses in Tanzania. The company explores for neodymium and praseodymium rare earth mixed oxides. It holds a 100% interest in the Ngualla Rare Earth project located in southern Tanzania. The company was formerly known as Peak Resources Limited and changed its name to Peak Rare Earths Limited in December 2021. Peak Rare Earths Limited was incorporated in 2005 and is based in Perth, Australia.

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