Cantex Mine DevelopmentCTXDF 21 Quick Ratio is 3.33 as of Jan. 2026, which is 84% above its 10-year median of 1.81. GuruFocus rates CTXDF with a GF Score™ of 21/100. The stock has 1 warning sign investors should review. Among 2,638 Metals & Mining companies, Cantex Mine Development ranks better than 57.77% on this metric.
Cantex Mine Development has a quick ratio of 3.33. It generally indicates good short-term financial strength.
The historical rank and industry rank for Cantex Mine Development's Quick Ratio or its related term are showing as below:
CTXDF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.02 Med: 1.81 Max: 18.71
Current: 3.33
During the past 13 years, Cantex Mine Development's highest Quick Ratio was 18.71. The lowest was 0.02. And the median was 1.81.
CTXDF's Quick Ratio is ranked better than 57.77% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.32
vs CTXDF: 3.33
Cantex Mine Development (OTCPK:CTXDF) 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.
Cantex Mine Development Quick Ratio Related Terms
Cantex Mine Development Quick 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.
Cantex Mine Development Quick Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Cantex Mine Development'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.
Cantex Mine Development Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Cantex Mine Development's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Cantex Mine Development'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.
Cantex Mine Development's Quick Ratio for the fiscal year that ended in Jul. 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.
Cantex Mine Development (CTXDF) has a Quick Ratio of 3.33 as of Jan. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Cantex Mine Development and its competitors. This is 84% above median its historical median of 1.81. Over the past decade, Cantex Mine Development's Quick Ratio has ranged from 0.02 to 18.71. According to the industry distribution chart, Cantex Mine Development ranks #1114 out of 2638 companies in the Metals & Mining industry, placing it in the top 42.2%.
Is Cantex Mine Development's Quick Ratio too high?
Cantex Mine Development's current Quick Ratio of 3.33 is 84% above median its 10-year median of 1.81. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 18.71. The Metals & Mining industry median Quick Ratio is 2.32. Cantex Mine Development's value of 3.33 is 43.5% above this industry median. Based on the distribution chart, Cantex Mine Development ranks #1114 out of 2638 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Cantex Mine Development has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Cantex Mine Development's Quick Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Cantex Mine Development ranks #1114 out of 2638 companies for Quick Ratio. This puts Cantex Mine Development in the upper half of its industry. The industry median Quick Ratio is 2.32. Cantex Mine Development's value of 3.33 is 43.5% above this benchmark. Historically, Cantex Mine Development's own Quick Ratio has ranged from 0.02 to 18.71 over the past decade. While the company's 10-year median is 1.81 vs. the industry median of 2.32, Cantex Mine Development 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. Cantex Mine Development's current Quick Ratio of 3.33 is 43.5% 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 Cantex Mine Development 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. Cantex Mine Development's current Quick Ratio is 3.33, which is 84% above median its own 10-year median of 1.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cantex Mine Development stock overvalued right now?
Cantex Mine Development (CTXDF) has a current Quick Ratio of 3.33. The current Quick Ratio is 3.33, which is 84% above median its 10-year median of 1.81 and 43.5% above the Metals & Mining industry median of 2.32. Cantex Mine Development's overall GF Score™ is 21/100 with 1 warning sign to review. 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 Cantex Mine Development (CTXDF), the current Quick Ratio is 3.33 as of Jan. 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.
Cantex Mine Development Corp is engaged in the acquisition and exploration of mineral properties. Its principal project is located northeast of Mayo in the Yukon Territory, where the Company holds three claim blocks staked over prospective areas identified through a regional heavy mineral survey. The Company also has gold exploration projects in Nevada and an advanced gold project in the Republic of Yemen, which is currently under force majeure. it operates in a single mineral exploration segment with geographical presence in Canada, the United States, and Yemen.
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