Noble Mineral ExplorationNLPXF +5.69% Quick Ratio is 21.58 as of Feb. 2026, which is 372% above its 10-year median of 4.57. Among 2,638 Metals & Mining companies, Noble Mineral Exploration ranks better than 89.61% on this metric.
Noble Mineral Exploration has a quick ratio of 21.58. It generally indicates good short-term financial strength.
The historical rank and industry rank for Noble Mineral Exploration's Quick Ratio or its related term are showing as below:
NLPXF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.01 Med: 4.57 Max: 29.83
Current: 21.58
During the past 13 years, Noble Mineral Exploration's highest Quick Ratio was 29.83. The lowest was 0.01. And the median was 4.57.
NLPXF's Quick Ratio is ranked better than 89.61% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.32
vs NLPXF: 21.58
Noble Mineral Exploration (OTCPK:NLPXF) 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.
Noble Mineral Exploration Quick Ratio Related Terms
Noble Mineral Exploration 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.
Noble Mineral Exploration Quick Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Noble Mineral 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.
Noble Mineral Exploration Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Noble Mineral Exploration's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Noble Mineral 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.
Noble Mineral Exploration's Quick Ratio for the fiscal year that ended in Aug. 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.
Noble Mineral Exploration (NLPXF) has a Quick Ratio of 21.58 as of Feb. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Noble Mineral Exploration and its competitors. This is 372% above median its historical median of 4.57. Over the past decade, Noble Mineral Exploration's Quick Ratio has ranged from 0.01 to 29.83. According to the industry distribution chart, Noble Mineral Exploration ranks #274 out of 2638 companies in the Metals & Mining industry, placing it in the top 10.4%.
Is Noble Mineral Exploration's Quick Ratio too high?
Noble Mineral Exploration's current Quick Ratio of 21.58 is 372% above median its 10-year median of 4.57. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 29.83. The Metals & Mining industry median Quick Ratio is 2.32. Noble Mineral Exploration's value of 21.58 is 830.2% above this industry median. Based on the distribution chart, Noble Mineral Exploration ranks #274 out of 2638 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Noble Mineral Exploration's Quick Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Noble Mineral Exploration ranks #274 out of 2638 companies for Quick Ratio. This places Noble Mineral Exploration in the top 10% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 2.32. Noble Mineral Exploration's value of 21.58 is 830.2% above this benchmark. Historically, Noble Mineral Exploration's own Quick Ratio has ranged from 0.01 to 29.83 over the past decade. While the company's 10-year median is 4.57 vs. the industry median of 2.32, Noble Mineral 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. Noble Mineral Exploration's current Quick Ratio of 21.58 is 830.2% 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 Noble Mineral 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. Noble Mineral Exploration's current Quick Ratio is 21.58, which is 372% above median its own 10-year median of 4.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noble Mineral Exploration stock overvalued right now?
Noble Mineral Exploration (NLPXF) has a current Quick Ratio of 21.58. The current Quick Ratio is 21.58, which is 372% above median its 10-year median of 4.57 and 830.2% 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 Noble Mineral Exploration (NLPXF), the current Quick Ratio is 21.58 as of Feb. 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.
Noble Mineral Exploration Inc is a Canadian-based exploration company that is engaged in the mineral exploration and evaluation business. The company's projects include Project 81, Nagagami, Cere Villabon Newfoundland, Buckingham, Holdsworth and Hearst properties. It has exploration and development interests in Northern Ontario and Quebec that are drill-ready. The company has a single reporting operating segment engaged in the exploration and evaluation of mineral resources.
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