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Leading Edge MaterialsTSXV:LEM +1.89%23 Cash Ratio is 1.82 as of Apr. 2026, which is 69% below its 10-year median of 5.93. GuruFocus rates TSXV:LEM with a GF Score™ of 23/100. The stock has 1 warning sign investors should review. Among 2,573 Metals & Mining companies, Leading Edge Materials ranks worse than 50.1% on this metric.
Leading Edge Materials has a Cash Ratio of 1.82. 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 Leading Edge Materials's Cash Ratio or its related term are showing as below:
TSXV:LEM'
s Cash Ratio Range Over the Past 10 Years
Min: 0.68 Med: 5.93 Max: 16.95
Current: 1.82
During the past 13 years, Leading Edge Materials's highest Cash Ratio was 16.95. The lowest was 0.68. And the median was 5.93.
TSXV:LEM's Cash Ratio is ranked worse than 50.1% of 2573
companies
in the Metals & Mining industry
Industry Median: 1.83
vs TSXV:LEM: 1.82
Leading Edge Materials (TSXV:LEM) 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.
Leading Edge Materials Cash Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Leading Edge Materials'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.
Leading Edge Materials Cash Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Leading Edge Materials's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Leading Edge Materials'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.
Leading Edge Materials (TSXV:LEM) has a Cash Ratio of 1.82 as of Apr. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Leading Edge Materials and its competitors. This is 69% below median its historical median of 5.93. Over the past decade, Leading Edge Materials' Cash Ratio has ranged from 0.68 to 16.95. According to the industry distribution chart, Leading Edge Materials ranks #1289 out of 2573 companies in the Metals & Mining industry, placing it in the top 50.1%.
Is Leading Edge Materials' Cash Ratio too high?
Leading Edge Materials' current Cash Ratio of 1.82 is 69% below median its 10-year median of 5.93. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 16.95. The Metals & Mining industry median Cash Ratio is 1.83. Leading Edge Materials' value of 1.82 is 0.5% below this industry median. Based on the distribution chart, Leading Edge Materials ranks #1289 out of 2573 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Leading Edge Materials has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Leading Edge Materials' Cash Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Leading Edge Materials ranks #1289 out of 2573 companies for Cash Ratio. This places Leading Edge Materials in the lower half of its industry. The industry median Cash Ratio is 1.83. Leading Edge Materials' value of 1.82 is 0.5% below this benchmark. Historically, Leading Edge Materials' own Cash Ratio has ranged from 0.68 to 16.95 over the past decade. While the company's 10-year median is 5.93 vs. the industry median of 1.83, Leading Edge Materials 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 2,573 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. Leading Edge Materials's current Cash Ratio of 1.82 is 0.5% 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 Leading Edge Materials 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. Leading Edge Materials's current Cash Ratio is 1.82, which is 69% below median its own 10-year median of 5.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leading Edge Materials stock overvalued right now?
Leading Edge Materials (TSXV:LEM) has a current Cash Ratio of 1.82. The current Cash Ratio is 1.82, which is 69% below median its 10-year median of 5.93 and 0.5% below the Metals & Mining industry median of 1.83. Leading Edge Materials' overall GF Score™ is 23/100 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 Leading Edge Materials (TSXV:LEM), the current Cash Ratio is 1.82 as of Apr. 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.
Leading Edge Materials Corp is involved in the exploration and development of resource properties in Sweden with corporate operations in Canada. It is focused on developing a portfolio of critical raw material projects located in the European Union. The portfolio of projects includes the Woxna Graphite mine (Sweden), the Norra Karr Heavy Rare Earths Elements (HREE) project (Sweden) and the Bihor Sud Nickel Cobalt exploration alliance (Romania).
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