Future Metals NLASX:FME -9.09% Quick Ratio is 5.93 as of Dec. 2025, which is 85% below its 10-year median of 38.65. The stock has 1 warning sign investors should review. Among 2,638 Metals & Mining companies, Future Metals NL ranks better than 69.9% on this metric.
Future Metals NL has a quick ratio of 5.93. It generally indicates good short-term financial strength.
The historical rank and industry rank for Future Metals NL's Quick Ratio or its related term are showing as below:
ASX:FME'
s Quick Ratio Range Over the Past 10 Years
Min: 0.87 Med: 38.65 Max: 266.19
Current: 5.93
During the past 13 years, Future Metals NL's highest Quick Ratio was 266.19. The lowest was 0.87. And the median was 38.65.
ASX:FME's Quick Ratio is ranked better than 69.9% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.32
vs ASX:FME: 5.93
Future Metals NL (ASX:FME) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Future Metals NL Quick Ratio Related Terms
Future Metals NL Quick Ratio Historical Data
* Premium members only.
The historical data trend for Future Metals NL's Quick 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 Precious Metals & Mining subindustry, Future Metals NL's Quick Ratio, along with its competitors' market caps and Quick 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.
Future Metals NL Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Future Metals NL's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Future Metals NL's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Future Metals NL's Quick Ratio for the fiscal year that ended in Jun. 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.
Future Metals NL (ASX:FME) has a Quick Ratio of 5.93 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Future Metals NL and its competitors. This is 85% below median its historical median of 38.65. Over the past decade, Future Metals NL's Quick Ratio has ranged from 0.87 to 266.19. According to the industry distribution chart, Future Metals NL ranks #794 out of 2638 companies in the Metals & Mining industry, placing it in the top 30.1%.
Is Future Metals NL's Quick Ratio too high?
Future Metals NL's current Quick Ratio of 5.93 is 85% below median its 10-year median of 38.65. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 266.19. The Metals & Mining industry median Quick Ratio is 2.32. Future Metals NL's value of 5.93 is 155.6% above this industry median. Based on the distribution chart, Future Metals NL ranks #794 out of 2638 companies in the Metals & Mining industry, which is above the industry midpoint.
How does Future Metals NL's Quick Ratio compare to HL?
According to the Metals & Mining industry distribution chart, Future Metals NL ranks #794 out of 2638 companies for Quick Ratio. This puts Future Metals NL in the upper half of its industry. The industry median Quick Ratio is 2.32. Future Metals NL's value of 5.93 is 155.6% above this benchmark. Historically, Future Metals NL's own Quick Ratio has ranged from 0.87 to 266.19 over the past decade. While the company's 10-year median is 38.65 vs. the industry median of 2.32, Future Metals NL 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 Quick Ratio for a Metals & Mining company?
The median Quick Ratio among Metals & Mining companies is 2.32, based on 2,638 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Future Metals NL's current Quick Ratio of 5.93 is 155.6% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Future Metals NL and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Future Metals NL's current Quick Ratio is 5.93, which is 85% below median its own 10-year median of 38.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Future Metals NL stock overvalued right now?
Future Metals NL (ASX:FME) has a current Quick Ratio of 5.93. The current Quick Ratio is 5.93, which is 85% below median its 10-year median of 38.65 and 155.6% above the Metals & Mining industry median of 2.32. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Future Metals NL (ASX:FME), the current Quick Ratio is 5.93 as of Dec. 2025. 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.
Future Metals NL is a mineral exploration company. Its Panton PGM Project is located in the East Kimberley Region of Western Australia. It explores platinum, palladium, gold, nickel, and copper. The company's exploration principally focused on the Alice Downs Corridor (ADC) and the Eileen Bore Prospect.
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