Midland ExplorationMIDLF 34 Quick Ratio is 5.46 as of Mar. 2026, which is 30% below its 10-year median of 7.81. GuruFocus rates MIDLF with a GF Score™ of 34/100 and a GF Value™ of $0.42 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,638 Metals & Mining companies, Midland Exploration ranks better than 68.35% on this metric.
Midland Exploration has a quick ratio of 5.46. It generally indicates good short-term financial strength.
The historical rank and industry rank for Midland Exploration's Quick Ratio or its related term are showing as below:
MIDLF'
s Quick Ratio Range Over the Past 10 Years
Min: 2.44 Med: 7.81 Max: 50.21
Current: 5.46
During the past 13 years, Midland Exploration's highest Quick Ratio was 50.21. The lowest was 2.44. And the median was 7.81.
MIDLF's Quick Ratio is ranked better than 68.35% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.32
vs MIDLF: 5.46
Midland Exploration (OTCPK:MIDLF) 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.
Midland Exploration Quick Ratio Related Terms
Midland Exploration Quick Ratio Historical Data
* Premium members only.
The historical data trend for Midland 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.
Midland Exploration Quick Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Midland 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.
Midland Exploration Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Midland Exploration's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Midland 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.
Midland Exploration's Quick Ratio for the fiscal year that ended in Sep. 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.
Midland Exploration (MIDLF) has a Quick Ratio of 5.46 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Midland Exploration and its competitors. This is 30% below median its historical median of 7.81. Over the past decade, Midland Exploration's Quick Ratio has ranged from 2.44 to 50.21. According to the industry distribution chart, Midland Exploration ranks #835 out of 2638 companies in the Metals & Mining industry, placing it in the top 31.7%.
Is Midland Exploration's Quick Ratio too high?
Midland Exploration's current Quick Ratio of 5.46 is 30% below median its 10-year median of 7.81. Over the past 10 years, this metric has ranged from a low of 2.44 to a high of 50.21. The Metals & Mining industry median Quick Ratio is 2.32. Midland Exploration's value of 5.46 is 135.3% above this industry median. Based on the distribution chart, Midland Exploration ranks #835 out of 2638 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Midland Exploration has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Midland Exploration's Quick Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Midland Exploration ranks #835 out of 2638 companies for Quick Ratio. This puts Midland Exploration in the upper half of its industry. The industry median Quick Ratio is 2.32. Midland Exploration's value of 5.46 is 135.3% above this benchmark. Historically, Midland Exploration's own Quick Ratio has ranged from 2.44 to 50.21 over the past decade. While the company's 10-year median is 7.81 vs. the industry median of 2.32, Midland 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. Midland Exploration's current Quick Ratio of 5.46 is 135.3% 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 Midland 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. Midland Exploration's current Quick Ratio is 5.46, which is 30% below median its own 10-year median of 7.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Midland Exploration stock overvalued right now?
Based on GuruFocus' analysis, Midland Exploration (MIDLF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.42, compared to a current price of $0.29 — trading 31.4% below its estimated fair value. The current Quick Ratio is 5.46, which is 30% below median its 10-year median of 7.81 and 135.3% above the Metals & Mining industry median of 2.32. Midland Exploration's overall GF Score™ is 34/100 with 2 warning signs 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 Midland Exploration (MIDLF), the current Quick Ratio is 5.46 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.
Is Midland Exploration (MIDLF) Overvalued in 2026?
Based on GuruFocus' analysis, Midland Exploration stock appears to be undervalued.
The current stock price of $0.29 is trading 31.4% below its estimated GF Value™ of $0.42.
GuruFocus considers Midland Exploration to be Possible Value Trap.
Key valuation signals for MIDLF:
Quick Ratio: 5.46 (30% below median its 10-year median of 7.81)
GF Value™: $0.42 vs. price of $0.29 (31.4% below fair value)
Industry Position: 135.3% above the Metals & Mining median (#835 of 2638)
No single metric tells the full story. See the MIDLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Midland Exploration Inc is a company engaged in the mining exploration business. The Corporation's operations include the acquisition and exploration of mining properties and it currently operates in a single segment, being the acquisition, exploration, and evaluation of exploration properties. All of the corporation's activities are conducted in Canada. Its projects include Casault, Heva, Jouvex, Lac Esther, Laflamme, Tete-Nord, and others.
34GF Score
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