Piedmont Lithium Inc Quick ratio
What is the Quick ratio of Piedmont Lithium Inc?
The Quick ratio of Piedmont Lithium Inc is 22.73
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 NASDAQ compared to Piedmont Lithium Inc
What does Piedmont Lithium Inc do?
Piedmont Lithium, Inc. is engaged in building a multi-asset, integrated lithium business which provides lithium hydroxide, a critical material, to the electric vehicle and battery manufacturing supply chains in the United States to support the creation of a clean energy economy in North America.
Companies with quick ratio similar to Piedmont Lithium Inc
- Silver Sands Resources has Quick ratio of 22.60
- Taung Gold International has Quick ratio of 22.62
- VLS Finance has Quick ratio of 22.62
- Vanstar Mining Resources has Quick ratio of 22.64
- Shanghai Friendess Electronic Technology has Quick ratio of 22.69
- Albion Technology & General VCT Plc has Quick ratio of 22.69
- Piedmont Lithium Inc has Quick ratio of 22.73
- Ormonde Mining plc has Quick ratio of 22.74
- Ormonde Mining plc has Quick ratio of 22.74
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- Liontown Resources has Quick ratio of 22.78