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Enova MiningASX:ENV Cash Ratio is 0.65 as of Dec. 2025, which is 132% above its 10-year median of 0.28. The stock has 1 warning sign investors should review. Among 2,569 Metals & Mining companies, Enova Mining ranks worse than 67.38% on this metric.
Enova Mining has a Cash Ratio of 0.65. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Enova Mining's Cash Ratio or its related term are showing as below:
ASX:ENV'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.28 Max: 58.69
Current: 0.65
During the past 13 years, Enova Mining's highest Cash Ratio was 58.69. The lowest was 0.01. And the median was 0.28.
ASX:ENV's Cash Ratio is ranked worse than 67.38% of 2569
companies
in the Metals & Mining industry
Industry Median: 1.83
vs ASX:ENV: 0.65
Enova Mining (ASX:ENV) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Enova Mining Cash Ratio Related Terms
Enova Mining Cash Ratio Historical Data
* Premium members only.
The historical data trend for Enova Mining's Cash Ratio can be seen below:
* 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.
For the Other Industrial Metals & Mining subindustry, Enova Mining's Cash Ratio, along with its competitors' market caps and Cash 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.
Enova Mining Cash Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Enova Mining's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Enova Mining's Cash Ratio falls into.
* 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.
Enova Mining (ASX:ENV) has a Cash Ratio of 0.65 as of Dec. 2025. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Enova Mining and its competitors. This is 132% above median its historical median of 0.28. Over the past decade, Enova Mining's Cash Ratio has ranged from 0.01 to 58.69. According to the industry distribution chart, Enova Mining ranks #1731 out of 2569 companies in the Metals & Mining industry, placing it in the top 67.4%.
Is Enova Mining's Cash Ratio too high?
Enova Mining's current Cash Ratio of 0.65 is 132% above median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 58.69. The Metals & Mining industry median Cash Ratio is 1.83. Enova Mining's value of 0.65 is 64.5% below this industry median. Based on the distribution chart, Enova Mining ranks #1731 out of 2569 companies in the Metals & Mining industry, which is below the industry midpoint.
How does Enova Mining's Cash Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Enova Mining ranks #1731 out of 2569 companies for Cash Ratio. This places Enova Mining in the lower half of its industry. The industry median Cash Ratio is 1.83. Enova Mining's value of 0.65 is 64.5% below this benchmark. Historically, Enova Mining's own Cash Ratio has ranged from 0.01 to 58.69 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 1.83, Enova Mining has consistently been below 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 Cash Ratio for a Metals & Mining company?
The median Cash Ratio among Metals & Mining companies is 1.83, based on 2,569 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Enova Mining's current Cash Ratio of 0.65 is 64.5% below 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 Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Enova Mining and its competitors. For the Metals & Mining industry, the median Cash Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enova Mining's current Cash Ratio is 0.65, which is 132% above median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enova Mining stock overvalued right now?
Enova Mining (ASX:ENV) has a current Cash Ratio of 0.65. The current Cash Ratio is 0.65, which is 132% above median its 10-year median of 0.28 and 64.5% below the Metals & Mining industry median of 1.83. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Enova Mining (ASX:ENV), the current Cash Ratio is 0.65 as of Dec. 2025. 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.
Enova Mining Ltd is an Australian company exploring rare earth elements (REE) in the Northern Territory. It is focused on the Charley Creek project, which is located around 110 km northwest of Alice Springs, off the Tanami road. In addition, the company has expanded its operations into Brazil, with substantial tenement holdings at East Salinas and CODA near Patos de Minas, Pocos de Caldas Alkaline Rare Earth Complex, Lithium Valley in the state of Minas Gerais, and the Juquia alkaline-carbonatite complex in Sao Paulo. It operates in one segment, being the exploration of rare earth minerals, and two geographical areas, being Australia and Brazil. The company generates maximum revenue from Australia.
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