NORTHERN MINERALS & EXPLORATION LTD. Quick Ratio

The quick ratio is a stricter test of whether a company can pay the bills due within a year, counting only assets that are already cash or close to it. It is cash, marketable securities and receivables divided by current liabilities, shown as a multiple, with both amounts in the table. It is the current ratio with inventory and other assets that take longer to turn into cash removed, so it is never higher than the current ratio. A company that does not report one of the inputs has no point for that date rather than an estimated one. Quarterly points use quarter-end balances; annual points use fiscal-year-end balances.

NORTHERN MINERALS & EXPLORATION LTD. quick ratio for the quarter ending 2023-01-31 was 0.04, a 60.44% decline year-over-year.
NORTHERN MINERALS & EXPLORATION LTD. quick ratio for the quarter ending 2022-10-31 was 0.01, a 83.28% decline year-over-year.
NORTHERN MINERALS & EXPLORATION LTD. quick ratio for the quarter ending 2022-07-31 was 0.06, a 3356.66% increase year-over-year.
NORTHERN MINERALS & EXPLORATION LTD. quick ratio for the quarter ending 2022-04-30 was 0.05, a 233.75% increase year-over-year.
NORTHERN MINERALS & EXPLORATION LTD. quick ratio for fiscal 2022 was 0.06, a 3356.66% increase from fiscal 2021.
NORTHERN MINERALS & EXPLORATION LTD. quick ratio for fiscal 2021 was 0, a 83.81% decline from fiscal 2020.
NORTHERN MINERALS & EXPLORATION LTD. quick ratio for fiscal 2020 was 0.01, a 58.58% decline from fiscal 2019.
NORTHERN MINERALS & EXPLORATION LTD. quick ratio for fiscal 2019 was 0.02, a 68.77% decline from fiscal 2018.

Available history: 2010-07-31 to 2023-01-31
Data captured: 2023-01-31

Historical Quick Ratio

Date	Quick Ratio	Quick assets	Current liabilities
2023-01-31	0.04	$20,856.00	$484,847.00
2022-10-31	0.01	$2,791.00	$489,911.00
2022-07-31	0.06	$25,813.00	$461,177.00
2022-04-30	0.05	$23,976.00	$489,078.00
2022-01-31	0.11	$53,348.00	$490,593.00
2021-10-31	0.03	$18,814.00	$552,118.00
2021-07-31	0	$967.00	$597,190.00
2021-04-30	0.01	$11,139.00	$758,344.00
2021-01-31	0.03	$23,070.00	$746,740.00
2020-10-31	0.03	$22,087.00	$772,880.00
2020-07-31	0.01	$7,986.00	$798,579.00
2020-04-30	0.02	$23,681.00	$956,620.00
2020-01-31	0.01	$8,029.00	$962,283.00
2019-10-31	0.06	$54,666.00	$969,809.00
2019-07-31	0.02	$21,847.00	$904,923.00
2019-04-30	0.07	$68,545.00	$958,359.00
2019-01-31	0.05	$47,821.00	$969,661.00
2018-10-31	0	$2,152.00	$699,618.00
2018-07-31	0.08	$55,901.00	$723,090.00
2018-04-30	0.05	$27,473.00	$599,801.00
2018-01-31	0.07	$33,247.00	$456,480.00
2017-10-31	0.07	$35,191.00	$500,259.00
2017-07-31	0.01	$5,235.00	$402,873.00
2017-04-30	0.02	$7,922.00	$460,429.00
2017-01-31	0.02	$8,502.00	$427,583.00
2016-10-31	0.03	$12,831.00	$417,213.00
2016-07-31	0.01	$5,239.00	$481,978.00
2016-04-30	0.11	$61,587.00	$581,894.00
2016-01-31	0.04	$18,576.00	$475,791.00
2015-10-31	0	$501.00	$472,818.00
2015-07-31	0	$2,170.00	$466,790.00
2015-04-30	0.11	$50,738.00	$474,308.00
2015-01-31	0.02	$7,402.00	$470,100.00
2014-10-31	0.03	$15,364.00	$474,227.00
2014-07-31	0.07	$35,400.00	$515,292.00
2014-04-30	0	$642.00	$468,684.00
2014-01-31	0	$442.00	$449,570.00
2013-10-31	0	$38.00	$419,185.00
2013-07-31	-0	-$275.00	$381,115.00
2013-04-30	0.02	$6,780.00	$376,020.00
2013-01-31	0	$442.00	$340,211.00
2012-10-31	0.1	$34,937.00	$356,023.00
2012-07-31	0	$0.00	$79,323.00
2012-04-30	0	$0.00	$282,872.00
2012-01-31	0	$0.00	$256,172.00
2011-10-31	0	$0.00	$229,815.00
2011-07-31	0	$0.00	$204,736.00
2010-07-31	0	$0.00	$95,693.00

Annual Quick Ratio

Date	Quick Ratio	Quick assets	Current liabilities
2022-07-31	0.06	$25,813.00	$461,177.00
2021-07-31	0	$967.00	$597,190.00
2020-07-31	0.01	$7,986.00	$798,579.00
2019-07-31	0.02	$21,847.00	$904,923.00
2018-07-31	0.08	$55,901.00	$723,090.00
2017-07-31	0.01	$5,235.00	$402,873.00
2016-07-31	0.01	$5,239.00	$481,978.00
2015-07-31	0	$2,170.00	$466,790.00
2014-07-31	0.07	$35,400.00	$515,292.00
2013-07-31	-0	-$275.00	$381,115.00
2012-07-31	0	$0.00	$79,323.00
2011-07-31	0	$0.00	$204,736.00
2010-07-31	0	$0.00	$95,693.00