Western Gold ExplorationWGELF 38 Current Ratio is 72.00 as of Mar. 2026, which is 302% above its 10-year median of 17.90. GuruFocus rates WGELF with a GF Score™ of 38/100. The stock has 1 warning sign investors should review. Among 2,638 Metals & Mining companies, Western Gold Exploration ranks better than 98.14% 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. Western Gold Exploration's current ratio for the quarter that ended in Mar. 2026 was 72.00.
Western Gold Exploration has a current ratio of 72.00. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Western Gold Exploration's Current Ratio or its related term are showing as below:
WGELF'
s Current Ratio Range Over the Past 10 Years
Min: 0.34 Med: 17.9 Max: 73.29
Current: 73.29
During the past 7 years, Western Gold Exploration's highest Current Ratio was 73.29. The lowest was 0.34. And the median was 17.90.
WGELF's Current Ratio is ranked better than 98.14% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.64
vs WGELF: 73.29
Western Gold Exploration (OTCPK:WGELF) 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.
Western Gold Exploration Current Ratio Related Terms
Western Gold Exploration Current 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.
For the Gold subindustry, Western Gold Exploration'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.
Western Gold Exploration Current Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Western Gold Exploration's Current Ratio distribution charts can be found below:
* The bar in red indicates where Western Gold Exploration'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.
Western Gold Exploration (WGELF) has a Current Ratio of 72.00 as of Mar. 2026. This is 302% above median its historical median of 17.90. Over the past decade, Western Gold Exploration's Current Ratio has ranged from 0.34 to 73.29. According to the industry distribution chart, Western Gold Exploration ranks #49 out of 2638 companies in the Metals & Mining industry, placing it in the top 1.9%.
Is Western Gold Exploration's Current Ratio too high?
Western Gold Exploration's current Current Ratio of 72.00 is 302% above median its 10-year median of 17.90. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 73.29. The Metals & Mining industry median Current Ratio is 2.64. Western Gold Exploration's value of 72.00 is 2627.3% above this industry median. Based on the distribution chart, Western Gold Exploration ranks #49 out of 2638 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Western Gold Exploration has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Western Gold Exploration's Current Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Western Gold Exploration ranks #49 out of 2638 companies for Current Ratio. This places Western Gold Exploration in the top 2% of its industry — outperforming the majority of peers. The industry median Current Ratio is 2.64. Western Gold Exploration's value of 72.00 is 2627.3% above this benchmark. Historically, Western Gold Exploration's own Current Ratio has ranged from 0.34 to 73.29 over the past decade. While the company's 10-year median is 17.90 vs. the industry median of 2.64, Western Gold Exploration 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 2.64, 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. Western Gold Exploration's current Current Ratio of 72.00 is 2627.3% 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 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 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Gold Exploration's current Current Ratio is 72.00, which is 302% above median its own 10-year median of 17.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Gold Exploration stock overvalued right now?
Western Gold Exploration (WGELF) has a current Current Ratio of 72.00. The current Current Ratio is 72.00, which is 302% above median its 10-year median of 17.90 and 2627.3% above the Metals & Mining industry median of 2.64. Western Gold Exploration's overall GF Score™ is 38/100 with 1 warning sign to review. 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 Western Gold Exploration (WGELF), the current Current Ratio is 72.00 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.
Western Gold Exploration Ltd is a mineral exploration company. The company is engaged in the exploration and development of its prospective mineral properties located in Argyll County in western Scotland. The company focuses on Gold and copper exploration and development. The properties include the Caledonian Gold Project and Lorne Porphyry Project.
38GF Score
Get the complete analysis for WGELF
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WGELF has been successfully added to your 
