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CANEX MetalsTSXV:CANX -4.29%28 Cash Ratio is 1.09 as of Mar. 2026, which is 92% below its 10-year median of 13.52. GuruFocus rates TSXV:CANX with a GF Score™ of 28/100. The stock has 2 warning signs investors should review. Among 2,569 Metals & Mining companies, CANEX Metals ranks worse than 59.6% on this metric.
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.
CANEX Metals Cash Ratio Related Terms
CANEX Metals Cash Ratio Historical Data
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The historical data trend for CANEX Metals'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, CANEX Metals'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.
CANEX Metals Cash Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, CANEX Metals's Cash Ratio distribution charts can be found below:
* The bar in red indicates where CANEX Metals'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.
CANEX Metals (TSXV:CANX) has a Cash Ratio of 1.09 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on CANEX Metals and its competitors. This is 92% below median its historical median of 13.52. Over the past decade, CANEX Metals' Cash Ratio has ranged from 1.09 to 126.44. According to the industry distribution chart, CANEX Metals ranks #1531 out of 2569 companies in the Metals & Mining industry, placing it in the top 59.6%.
Is CANEX Metals' Cash Ratio too high?
CANEX Metals' current Cash Ratio of 1.09 is 92% below median its 10-year median of 13.52. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 126.44. The Metals & Mining industry median Cash Ratio is 1.86. CANEX Metals' value of 1.09 is 41.4% below this industry median. Based on the distribution chart, CANEX Metals ranks #1531 out of 2569 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, CANEX Metals has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does CANEX Metals' Cash Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, CANEX Metals ranks #1531 out of 2569 companies for Cash Ratio. This places CANEX Metals in the lower half of its industry. The industry median Cash Ratio is 1.86. CANEX Metals' value of 1.09 is 41.4% below this benchmark. Historically, CANEX Metals' own Cash Ratio has ranged from 1.09 to 126.44 over the past decade. While the company's 10-year median is 13.52 vs. the industry median of 1.86, CANEX Metals 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 1.86, 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. CANEX Metals's current Cash Ratio of 1.09 is 41.4% 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 CANEX Metals and its competitors. For the Metals & Mining industry, the median Cash Ratio is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CANEX Metals's current Cash Ratio is 1.09, which is 92% below median its own 10-year median of 13.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CANEX Metals stock overvalued right now?
CANEX Metals (TSXV:CANX) has a current Cash Ratio of 1.09. The current Cash Ratio is 1.09, which is 92% below median its 10-year median of 13.52 and 41.4% below the Metals & Mining industry median of 1.86. CANEX Metals' overall GF Score™ is 28/100 with 2 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 CANEX Metals (TSXV:CANX), the current Cash Ratio is 1.09 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.
CANEX Metals Inc is a Canada-based junior exploration company engaged in mineral exploration and the development of resource properties. Its projects include the Louise Cu-Au Porphyry Project in British Columbia, Canada; the Gold Range Property in Arizona, USA; and the Gibson Prospect in British Columbia.
28GF Score
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