Minerals ExplorationASX:MEX Quick Ratio is 25.24 as of Dec. 2025, which is 29% below its 10-year median of 35.48. Among 2,638 Metals & Mining companies, Minerals Exploration ranks better than 91.39% on this metric.
Minerals Exploration has a quick ratio of 25.24. It generally indicates good short-term financial strength.
The historical rank and industry rank for Minerals Exploration's Quick Ratio or its related term are showing as below:
ASX:MEX'
s Quick Ratio Range Over the Past 10 Years
Min: 10.44 Med: 35.48 Max: 386.43
Current: 25.24
During the past 4 years, Minerals Exploration's highest Quick Ratio was 386.43. The lowest was 10.44. And the median was 35.48.
ASX:MEX's Quick Ratio is ranked better than 91.39% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.32
vs ASX:MEX: 25.24
Minerals Exploration (ASX:MEX) 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.
Minerals Exploration Quick Ratio Related Terms
Minerals Exploration Quick Ratio Historical Data
* Premium members only.
The historical data trend for Minerals Exploration'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 Gold subindustry, Minerals Exploration'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.
Minerals Exploration Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Minerals Exploration's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Minerals Exploration'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.
Minerals Exploration'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.
Minerals Exploration (ASX:MEX) has a Quick Ratio of 25.24 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Minerals Exploration and its competitors. This is 29% below median its historical median of 35.48. Over the past decade, Minerals Exploration's Quick Ratio has ranged from 10.44 to 386.43. According to the industry distribution chart, Minerals Exploration ranks #227 out of 2638 companies in the Metals & Mining industry, placing it in the top 8.6%.
Is Minerals Exploration's Quick Ratio too high?
Minerals Exploration's current Quick Ratio of 25.24 is 29% below median its 10-year median of 35.48. Over the past 10 years, this metric has ranged from a low of 10.44 to a high of 386.43. The Metals & Mining industry median Quick Ratio is 2.32. Minerals Exploration's value of 25.24 is 987.9% above this industry median. Based on the distribution chart, Minerals Exploration ranks #227 out of 2638 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Minerals Exploration's Quick Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Minerals Exploration ranks #227 out of 2638 companies for Quick Ratio. This places Minerals Exploration in the top 9% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 2.32. Minerals Exploration's value of 25.24 is 987.9% above this benchmark. Historically, Minerals Exploration's own Quick Ratio has ranged from 10.44 to 386.43 over the past decade. While the company's 10-year median is 35.48 vs. the industry median of 2.32, Minerals 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 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. Minerals Exploration's current Quick Ratio of 25.24 is 987.9% 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 Minerals Exploration 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. Minerals Exploration's current Quick Ratio is 25.24, which is 29% below median its own 10-year median of 35.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minerals Exploration stock overvalued right now?
Minerals Exploration (ASX:MEX) has a current Quick Ratio of 25.24. The current Quick Ratio is 25.24, which is 29% below median its 10-year median of 35.48 and 987.9% 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 Minerals Exploration (ASX:MEX), the current Quick Ratio is 25.24 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.
Minerals Exploration Ltd is a company focused on gold exploration. The company is implementing an aggressive brownfields exploration across its portfolio of New Zealand gold assets. These assets contain previously identified mineralisation from historical production and exploration activities, are located in the Hauraki and Otago Goldfields, and are situated near established deposits.
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