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Minerals ExplorationASX:MEX -5.26% Cash Ratio is 24.57 as of Dec. 2025, which is 29% below its 10-year median of 34.63. Among 2,574 Metals & Mining companies, Minerals Exploration ranks better than 91.92% on this metric.
Minerals Exploration has a Cash Ratio of 24.57. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Minerals Exploration's Cash Ratio or its related term are showing as below:
ASX:MEX'
s Cash Ratio Range Over the Past 10 Years
Min: 10.34 Med: 34.63 Max: 386.14
Current: 24.57
During the past 4 years, Minerals Exploration's highest Cash Ratio was 386.14. The lowest was 10.34. And the median was 34.63.
ASX:MEX's Cash Ratio is ranked better than 91.92% of 2574
companies
in the Metals & Mining industry
Industry Median: 1.83
vs ASX:MEX: 24.57
Minerals Exploration (ASX:MEX) 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.
Minerals Exploration Cash Ratio Related Terms
Minerals Exploration Cash Ratio Historical Data
* Premium members only.
The historical data trend for Minerals Exploration'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 Gold subindustry, Minerals Exploration'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.
Minerals Exploration Cash Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Minerals Exploration's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Minerals Exploration'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.
Minerals Exploration (ASX:MEX) has a Cash Ratio of 24.57 as of Dec. 2025. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Minerals Exploration and its competitors. This is 29% below median its historical median of 34.63. Over the past decade, Minerals Exploration's Cash Ratio has ranged from 10.34 to 386.14. According to the industry distribution chart, Minerals Exploration ranks #208 out of 2574 companies in the Metals & Mining industry, placing it in the top 8.1%.
Is Minerals Exploration's Cash Ratio too high?
Minerals Exploration's current Cash Ratio of 24.57 is 29% below median its 10-year median of 34.63. Over the past 10 years, this metric has ranged from a low of 10.34 to a high of 386.14. The Metals & Mining industry median Cash Ratio is 1.83. Minerals Exploration's value of 24.57 is 1242.6% above this industry median. Based on the distribution chart, Minerals Exploration ranks #208 out of 2574 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Minerals Exploration's Cash Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Minerals Exploration ranks #208 out of 2574 companies for Cash Ratio. This places Minerals Exploration in the top 8% of its industry — outperforming the majority of peers. The industry median Cash Ratio is 1.83. Minerals Exploration's value of 24.57 is 1242.6% above this benchmark. Historically, Minerals Exploration's own Cash Ratio has ranged from 10.34 to 386.14 over the past decade. While the company's 10-year median is 34.63 vs. the industry median of 1.83, Minerals Exploration has consistently been above 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 2,574 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. Minerals Exploration's current Cash Ratio of 24.57 is 1242.6% above 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 Minerals Exploration 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. Minerals Exploration's current Cash Ratio is 24.57, which is 29% below median its own 10-year median of 34.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minerals Exploration stock overvalued right now?
Minerals Exploration (ASX:MEX) has a current Cash Ratio of 24.57. The current Cash Ratio is 24.57, which is 29% below median its 10-year median of 34.63 and 1242.6% above 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 Minerals Exploration (ASX:MEX), the current Cash Ratio is 24.57 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.
Minerals Exploration Ltd is a company focused on gold exploration. The company is implementing an aggressive brownfields exploration across its portfolio of New Zealand gold assets. These assets contain previously identified mineralisation from historical production and exploration activities, are located in the Hauraki and Otago Goldfields, and are situated near established deposits.
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