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Erdene Resource DevelopmentERDCF -2.81%32 Cash Ratio is 103.50 as of Mar. 2026, which is 1282% above its 10-year median of 7.49. GuruFocus rates ERDCF with a GF Score™ of 32/100. The stock has 1 warning sign investors should review. Among 2,570 Metals & Mining companies, Erdene Resource Development ranks better than 98.83% on this metric.
Erdene Resource Development has a Cash Ratio of 103.50. 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 Erdene Resource Development's Cash Ratio or its related term are showing as below:
ERDCF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.32 Med: 7.49 Max: 103.59
Current: 103.59
During the past 13 years, Erdene Resource Development's highest Cash Ratio was 103.59. The lowest was 0.32. And the median was 7.49.
ERDCF's Cash Ratio is ranked better than 98.83% of 2570
companies
in the Metals & Mining industry
Industry Median: 1.835
vs ERDCF: 103.59
Erdene Resource Development (OTCPK:ERDCF) 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.
Erdene Resource Development Cash Ratio Related Terms
Erdene Resource Development Cash Ratio Historical Data
* 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.
Erdene Resource Development Cash Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Erdene Resource Development'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.
Erdene Resource Development Cash Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Erdene Resource Development's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Erdene Resource Development'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.
Erdene Resource Development (ERDCF) has a Cash Ratio of 103.50 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Erdene Resource Development and its competitors. This is 1282% above median its historical median of 7.49. Over the past decade, Erdene Resource Development's Cash Ratio has ranged from 0.32 to 103.59. According to the industry distribution chart, Erdene Resource Development ranks #30 out of 2570 companies in the Metals & Mining industry, placing it in the top 1.2%.
Is Erdene Resource Development's Cash Ratio too high?
Erdene Resource Development's current Cash Ratio of 103.50 is 1282% above median its 10-year median of 7.49. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 103.59. The Metals & Mining industry median Cash Ratio is 1.84. Erdene Resource Development's value of 103.50 is 5540.3% above this industry median. Based on the distribution chart, Erdene Resource Development ranks #30 out of 2570 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Erdene Resource Development has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Erdene Resource Development's Cash Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Erdene Resource Development ranks #30 out of 2570 companies for Cash Ratio. This places Erdene Resource Development in the top 1% of its industry — outperforming the majority of peers. The industry median Cash Ratio is 1.84. Erdene Resource Development's value of 103.50 is 5540.3% above this benchmark. Historically, Erdene Resource Development's own Cash Ratio has ranged from 0.32 to 103.59 over the past decade. While the company's 10-year median is 7.49 vs. the industry median of 1.84, Erdene Resource Development 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 1.84, based on 2,570 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. Erdene Resource Development's current Cash Ratio of 103.50 is 5540.3% 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 Erdene Resource Development and its competitors. For the Metals & Mining industry, the median Cash Ratio is 1.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Erdene Resource Development's current Cash Ratio is 103.50, which is 1282% above median its own 10-year median of 7.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Erdene Resource Development stock overvalued right now?
Erdene Resource Development (ERDCF) has a current Cash Ratio of 103.50. The current Cash Ratio is 103.50, which is 1282% above median its 10-year median of 7.49 and 5540.3% above the Metals & Mining industry median of 1.84. Erdene Resource Development's overall GF Score™ is 32/100 with 1 warning sign 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 Erdene Resource Development (ERDCF), the current Cash Ratio is 103.50 as of Mar. 2026. 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.
Erdene Resource Development Corp is a Canadian-based company focused on the acquisition, exploration, and development of large, high-grade, near-surface, precious and base metals deposits in underexplored and prospective Mongolia. Currently, the corporation's principal development is the Bayan Khundii Gold Project, located in Bayankhongor province, Mongolia. Its other exploration and evaluation assets consist of interests in the Zuun Mod, Greater Dark Horse, Altan Nar, Dark Horse, Ulaan, Tereg Uul, and other properties located in Mongolia.
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