Midnight Sun MiningMDNGF -2.45%37 Days Payable is 3,216.56 as of Mar. 2026, which is 44% above its 10-year median of 2,234.39. GuruFocus rates MDNGF with a GF Score™ of 37/100. The stock has 1 warning sign investors should review. Among 1,064 Metals & Mining companies, Midnight Sun Mining ranks better than 71.8% on this metric.
The historical rank and industry rank for Midnight Sun Mining's Days Payable or its related term are showing as below:
MDNGF'
s Days Payable Range Over the Past 10 Years
Min: 573.24 Med: 2234.39 Max: 8371.2
Current: 1899.3
During the past 13 years, Midnight Sun Mining's highest Days Payable was 8371.20. The lowest was 573.24. And the median was 2234.39.
MDNGF's Days Payable is ranked better than 71.8% of 1064
companies
in the Metals & Mining industry
Industry Median: 126.885
vs MDNGF: 1899.30
Midnight Sun Mining's Days Payable
increased
from Mar. 2025 (617.69) to Mar. 2026 (3,216.56).
It may suggest that Midnight Sun Miningdelayed paying its suppliers.
Midnight Sun Mining Days Payable Related Terms
Midnight Sun Mining Days Payable Historical Data
* Premium members only.
The historical data trend for Midnight Sun Mining's Days Payable 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.
Midnight Sun Mining Days Payable Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Midnight Sun Mining's Days Payable, along with its competitors' market caps and Days Payable 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.
Midnight Sun Mining Days Payable vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Midnight Sun Mining's Days Payable distribution charts can be found below:
* The bar in red indicates where Midnight Sun Mining's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Midnight Sun Mining's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Midnight Sun Mining (MDNGF) has a Days Payable of 3,216.56 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Midnight Sun Mining and its competitors. This is 44% above median its historical median of 2,234.39. Over the past decade, Midnight Sun Mining's Days Payable has ranged from 573.24 to 8,371.20. According to the industry distribution chart, Midnight Sun Mining ranks #300 out of 1064 companies in the Metals & Mining industry, placing it in the top 28.2%.
Is Midnight Sun Mining's Days Payable too high?
Midnight Sun Mining's current Days Payable of 3,216.56 is 44% above median its 10-year median of 2,234.39. Over the past 10 years, this metric has ranged from a low of 573.24 to a high of 8,371.20. The Metals & Mining industry median Days Payable is 126.89. Midnight Sun Mining's value of 3,216.56 is 2435% above this industry median. Based on the distribution chart, Midnight Sun Mining ranks #300 out of 1064 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Midnight Sun Mining has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Midnight Sun Mining's Days Payable compare to competitors?
According to the Metals & Mining industry distribution chart, Midnight Sun Mining ranks #300 out of 1064 companies for Days Payable. This puts Midnight Sun Mining in the upper half of its industry. The industry median Days Payable is 126.89. Midnight Sun Mining's value of 3,216.56 is 2435% above this benchmark. Historically, Midnight Sun Mining's own Days Payable has ranged from 573.24 to 8,371.20 over the past decade. While the company's 10-year median is 2,234.39 vs. the industry median of 126.89, Midnight Sun Mining 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 Days Payable for a Metals & Mining company?
The median Days Payable among Metals & Mining companies is 126.89, based on 1,064 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Midnight Sun Mining's current Days Payable of 3,216.56 is 2435% 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 Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Midnight Sun Mining and its competitors. For the Metals & Mining industry, the median Days Payable is 126.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Midnight Sun Mining's current Days Payable is 3,216.56, which is 44% above median its own 10-year median of 2,234.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Midnight Sun Mining stock overvalued right now?
Midnight Sun Mining (MDNGF) has a current Days Payable of 3,216.56. The current Days Payable is 3,216.56, which is 44% above median its 10-year median of 2,234.39 and 2435% above the Metals & Mining industry median of 126.89. Midnight Sun Mining's overall GF Score™ is 37/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Midnight Sun Mining (MDNGF), the current Days Payable is 3,216.56 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.
Midnight Sun Mining Corp conducts mineral exploration and development with a focus on copper assets in Zambia. The Company's principal business activity is the acquisition and exploration of mineral property interests, and it is in the exploration stage. Its project includes the Luswishi Dome Project, located southeast of the Company's Solwezi Project in Zambia.
37GF Score
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