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Legend MiningASX:LEG -11.11% Quick Ratio is 22.22 as of Dec. 2025, which is 9% below its 10-year median of 24.40. The stock has 1 warning sign investors should review. Among 2,638 Metals & Mining companies, Legend Mining ranks better than 90.07% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Legend Mining's quick ratio for the quarter that ended in Dec. 2025 was 22.22.
Legend Mining has a quick ratio of 22.22. It generally indicates good short-term financial strength.
The historical rank and industry rank for Legend Mining's Quick Ratio or its related term are showing as below:
ASX:LEG'
s Quick Ratio Range Over the Past 10 Years
Min: 5.27 Med: 24.4 Max: 38.84
Current: 22.22
During the past 13 years, Legend Mining's highest Quick Ratio was 38.84. The lowest was 5.27. And the median was 24.40.
ASX:LEG's Quick Ratio is ranked better than 90.07% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.325
vs ASX:LEG: 22.22
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.
Legend Mining Quick Ratio Related Terms
Legend Mining Quick Ratio Historical Data
* Premium members only.
The historical data trend for Legend Mining'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 Industrial Metals & Mining subindustry, Legend Mining'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.
Legend Mining Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Legend Mining's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Legend Mining'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.
Legend Mining's Quick Ratio for the fiscal year that ended in Dec. 2024 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.
Legend Mining (ASX:LEG) has a Quick Ratio of 22.22 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Legend Mining and its competitors. This is near median its historical median of 24.40. Over the past decade, Legend Mining's Quick Ratio has ranged from 5.27 to 38.84. According to the industry distribution chart, Legend Mining ranks #262 out of 2638 companies in the Metals & Mining industry, placing it in the top 9.9%.
Is Legend Mining's Quick Ratio too high?
Legend Mining's current Quick Ratio of 22.22 is near median its 10-year median of 24.40. Over the past 10 years, this metric has ranged from a low of 5.27 to a high of 38.84. The Metals & Mining industry median Quick Ratio is 2.33. Legend Mining's value of 22.22 is 855.7% above this industry median. Based on the distribution chart, Legend Mining ranks #262 out of 2638 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Legend Mining's Quick Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Legend Mining ranks #262 out of 2638 companies for Quick Ratio. This places Legend Mining in the top 10% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 2.33. Legend Mining's value of 22.22 is 855.7% above this benchmark. Historically, Legend Mining's own Quick Ratio has ranged from 5.27 to 38.84 over the past decade. While the company's 10-year median is 24.40 vs. the industry median of 2.33, Legend 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 Quick Ratio for a Metals & Mining company?
The median Quick Ratio among Metals & Mining companies is 2.33, 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. Legend Mining's current Quick Ratio of 22.22 is 855.7% 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 Legend Mining and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Legend Mining's current Quick Ratio is 22.22, which is near median its own 10-year median of 24.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legend Mining stock overvalued right now?
Legend Mining (ASX:LEG) has a current Quick Ratio of 22.22. The current Quick Ratio is 22.22, which is near median its 10-year median of 24.40 and 855.7% above the Metals & Mining industry median of 2.33. 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 Legend Mining (ASX:LEG), the current Quick Ratio is 22.22 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.
Legend Mining Ltd is a mineral exploration company engaged in exploration for gold, nickel, and copper deposits in Australia. Its project portfolio comprises the Rockford Project, located within the Fraser Range district of Western Australia. Exploration is mainly focused on magmatic nickel-copper-cobalt (Nova-Bollinger style), along with volcanogenic massive sulphide (VMS) style zinc-copper-silver and Tropicana style structurally controlled gold mineralisation.
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