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West African ResourcesASX:WAF +0.72%96 Cash Ratio is 1.21 as of Dec. 2025, which is 28% below its 10-year median of 1.67. GuruFocus rates ASX:WAF with a GF Score™ of 96/100 and a GF Value™ of A$4.60 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,575 Metals & Mining companies, West African Resources ranks worse than 57.48% on this metric.
West African Resources has a Cash Ratio of 1.21. 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 West African Resources's Cash Ratio or its related term are showing as below:
ASX:WAF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.43 Med: 1.67 Max: 9.69
Current: 1.21
During the past 13 years, West African Resources's highest Cash Ratio was 9.69. The lowest was 0.43. And the median was 1.67.
ASX:WAF's Cash Ratio is ranked worse than 57.48% of 2575
companies
in the Metals & Mining industry
Industry Median: 1.83
vs ASX:WAF: 1.21
West African Resources (ASX:WAF) 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.
* 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, West African Resources'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.
West African Resources Cash Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, West African Resources's Cash Ratio distribution charts can be found below:
* The bar in red indicates where West African Resources'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.
West African Resources (ASX:WAF) has a Cash Ratio of 1.21 as of Dec. 2025. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on West African Resources and its competitors. This is 28% below median its historical median of 1.67. Over the past decade, West African Resources' Cash Ratio has ranged from 0.43 to 9.69. According to the industry distribution chart, West African Resources ranks #1480 out of 2575 companies in the Metals & Mining industry, placing it in the top 57.5%.
Is West African Resources' Cash Ratio too high?
West African Resources' current Cash Ratio of 1.21 is 28% below median its 10-year median of 1.67. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 9.69. The Metals & Mining industry median Cash Ratio is 1.83. West African Resources' value of 1.21 is 33.9% below this industry median. Based on the distribution chart, West African Resources ranks #1480 out of 2575 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, West African Resources has a GF Score™ of 96/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does West African Resources' Cash Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, West African Resources ranks #1480 out of 2575 companies for Cash Ratio. This places West African Resources in the lower half of its industry. The industry median Cash Ratio is 1.83. West African Resources' value of 1.21 is 33.9% below this benchmark. Historically, West African Resources' own Cash Ratio has ranged from 0.43 to 9.69 over the past decade. While the company's 10-year median is 1.67 vs. the industry median of 1.83, West African Resources 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 2,575 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. West African Resources's current Cash Ratio of 1.21 is 33.9% 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 West African Resources 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. West African Resources's current Cash Ratio is 1.21, which is 28% below median its own 10-year median of 1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West African Resources stock overvalued right now?
Based on GuruFocus' analysis, West African Resources (ASX:WAF) is currently considered Significantly Undervalued. The stock's GF Value™ is A$4.60, compared to a current price of A$2.81 — trading 38.9% below its estimated fair value. The current Cash Ratio is 1.21, which is 28% below median its 10-year median of 1.67 and 33.9% below the Metals & Mining industry median of 1.83. West African Resources' overall GF Score™ is 96/100 with 3 warning signs to review. 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 West African Resources (ASX:WAF), the current Cash Ratio is 1.21 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.
Is West African Resources (ASX:WAF) Overvalued in 2026?
Based on GuruFocus' analysis, West African Resources stock appears to be undervalued.
The current stock price of A$2.81 is trading 38.9% below its estimated GF Value™ of A$4.60.
GuruFocus considers West African Resources to be Significantly Undervalued.
Key valuation signals for ASX:WAF:
Cash Ratio: 1.21 (28% below median its 10-year median of 1.67)
GF Value™: A$4.60 vs. price of A$2.81 (38.9% below fair value)
Industry Position: 33.9% below the Metals & Mining median (#1480 of 2575)
No single metric tells the full story. See the ASX:WAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
West African Resources Ltd is engaged in mineral exploration in Burkina Faso. It focuses on the development of the Sanbrado Gold Project. The Group's mineral portfolio also includes gold and copper-gold exploration permits in Burkina Faso. The operating segments of the Company that includes Mining Operations: comprise the Sanbrado Gold Project operation located in Burkina Faso. Construction and E&E segment comprises mines under construction andexploration and evaluation (E&E) projects in locations other than Sanbrado.
96GF Score
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