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Idex MetalsTSXV:IDEX -1.39%16 Current Ratio is 2.75 as of Apr. 2026, which is 18% below its 10-year median of 3.35. GuruFocus rates TSXV:IDEX with a GF Score™ of 16/100. Among 2,638 Metals & Mining companies, Idex Metals ranks better than 51.48% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Idex Metals's current ratio for the quarter that ended in Apr. 2026 was 2.75.
Idex Metals has a current ratio of 2.75. It generally indicates good short-term financial strength.
The historical rank and industry rank for Idex Metals's Current Ratio or its related term are showing as below:
TSXV:IDEX'
s Current Ratio Range Over the Past 10 Years
Min: 0.11 Med: 3.35 Max: 6.12
Current: 2.75
During the past 3 years, Idex Metals's highest Current Ratio was 6.12. The lowest was 0.11. And the median was 3.35.
TSXV:IDEX's Current Ratio is ranked better than 51.48% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.625
vs TSXV:IDEX: 2.75
Idex Metals (TSXV:IDEX) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Idex Metals Current Ratio Related Terms
Idex Metals Current Ratio Historical Data
* Premium members only.
The historical data trend for Idex Metals's Current 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 Other Industrial Metals & Mining subindustry, Idex Metals's Current Ratio, along with its competitors' market caps and Current 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.
Idex Metals Current Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Idex Metals's Current Ratio distribution charts can be found below:
* The bar in red indicates where Idex Metals's Current 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.
Idex Metals (TSXV:IDEX) has a Current Ratio of 2.75 as of Apr. 2026. This is 18% below median its historical median of 3.35. Over the past decade, Idex Metals' Current Ratio has ranged from 0.11 to 6.12. According to the industry distribution chart, Idex Metals ranks #1280 out of 2638 companies in the Metals & Mining industry, placing it in the top 48.5%.
Is Idex Metals' Current Ratio too high?
Idex Metals' current Current Ratio of 2.75 is 18% below median its 10-year median of 3.35. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 6.12. The Metals & Mining industry median Current Ratio is 2.63. Idex Metals' value of 2.75 is 4.8% above this industry median. Based on the distribution chart, Idex Metals ranks #1280 out of 2638 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Idex Metals has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Idex Metals' Current Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Idex Metals ranks #1280 out of 2638 companies for Current Ratio. This puts Idex Metals in the upper half of its industry. The industry median Current Ratio is 2.63. Idex Metals' value of 2.75 is 4.8% above this benchmark. Historically, Idex Metals' own Current Ratio has ranged from 0.11 to 6.12 over the past decade. While the company's 10-year median is 3.35 vs. the industry median of 2.63, Idex Metals 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 Current Ratio for a Metals & Mining company?
The median Current Ratio among Metals & Mining companies is 2.63, based on 2,638 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Idex Metals's current Current Ratio of 2.75 is 4.8% 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 Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Metals & Mining industry, the median Current Ratio is 2.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Idex Metals's current Current Ratio is 2.75, which is 18% below median its own 10-year median of 3.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Idex Metals stock overvalued right now?
Idex Metals (TSXV:IDEX) has a current Current Ratio of 2.75. The current Current Ratio is 2.75, which is 18% below median its 10-year median of 3.35 and 4.8% above the Metals & Mining industry median of 2.63. Idex Metals' overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Idex Metals (TSXV:IDEX), the current Current Ratio is 2.75 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.
Idex Metals Corp is an exploration company principally engaged in identifying, acquiring, and exploring high-value potential mineral assets in the State of Idaho, operating in a single reportable segment focused on the exploration and evaluation of mineral properties. Its project portfolio includes Amie in Owyhee County; Autunite Hill in Clark County; Badger Creek in Butte County; Basinger Canyon in Lemhi County; Caribou in Bonneville County; Deadman's Gulch in Shoshone County; Demming in Owyhee County; Fort Hall in Bannock County; Foss in Butte County; Freeze in Washington County; Kismet in Washington County, and others.
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