NGEx MineralsTSX:NGEX +1.52%37 Quick Ratio is 24.95 as of Mar. 2026, which is 317% above its 10-year median of 5.99. GuruFocus rates TSX:NGEX with a GF Score™ of 37/100. Among 2,637 Metals & Mining companies, NGEx Minerals ranks better than 91.24% 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. NGEx Minerals's quick ratio for the quarter that ended in Mar. 2026 was 24.95.
NGEx Minerals has a quick ratio of 24.95. It generally indicates good short-term financial strength.
The historical rank and industry rank for NGEx Minerals's Quick Ratio or its related term are showing as below:
TSX:NGEX'
s Quick Ratio Range Over the Past 10 Years
Min: 0.4 Med: 5.99 Max: 33.83
Current: 24.95
During the past 8 years, NGEx Minerals's highest Quick Ratio was 33.83. The lowest was 0.40. And the median was 5.99.
TSX:NGEX's Quick Ratio is ranked better than 91.24% of 2637
companies
in the Metals & Mining industry
Industry Median: 2.32
vs TSX:NGEX: 24.95
NGEx Minerals (TSX:NGEX) 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.
NGEx Minerals Quick Ratio Related Terms
NGEx Minerals Quick Ratio Historical Data
* Premium members only.
The historical data trend for NGEx Minerals'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, NGEx Minerals'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.
NGEx Minerals Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, NGEx Minerals's Quick Ratio distribution charts can be found below:
* The bar in red indicates where NGEx Minerals'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.
NGEx Minerals's Quick Ratio for the fiscal year that ended in Dec. 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.
NGEx Minerals (TSX:NGEX) has a Quick Ratio of 24.95 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on NGEx Minerals and its competitors. This is 317% above median its historical median of 5.99. Over the past decade, NGEx Minerals' Quick Ratio has ranged from 0.40 to 33.83. According to the industry distribution chart, NGEx Minerals ranks #231 out of 2637 companies in the Metals & Mining industry, placing it in the top 8.8%.
Is NGEx Minerals' Quick Ratio too high?
NGEx Minerals' current Quick Ratio of 24.95 is 317% above median its 10-year median of 5.99. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 33.83. The Metals & Mining industry median Quick Ratio is 2.32. NGEx Minerals' value of 24.95 is 975.4% above this industry median. Based on the distribution chart, NGEx Minerals ranks #231 out of 2637 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, NGEx Minerals has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does NGEx Minerals' Quick Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, NGEx Minerals ranks #231 out of 2637 companies for Quick Ratio. This places NGEx Minerals in the top 9% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 2.32. NGEx Minerals' value of 24.95 is 975.4% above this benchmark. Historically, NGEx Minerals' own Quick Ratio has ranged from 0.40 to 33.83 over the past decade. While the company's 10-year median is 5.99 vs. the industry median of 2.32, NGEx Minerals 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 2,637 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. NGEx Minerals's current Quick Ratio of 24.95 is 975.4% 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 NGEx Minerals 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. NGEx Minerals's current Quick Ratio is 24.95, which is 317% above median its own 10-year median of 5.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NGEx Minerals stock overvalued right now?
NGEx Minerals (TSX:NGEX) has a current Quick Ratio of 24.95. The current Quick Ratio is 24.95, which is 317% above median its 10-year median of 5.99 and 975.4% above the Metals & Mining industry median of 2.32. NGEx Minerals' overall GF Score™ is 37/100. 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 NGEx Minerals (TSX:NGEX), the current Quick Ratio is 24.95 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.
NGEx Minerals Ltd is engaged in the acquisition, exploration, and development of mineral properties in South America. It operates as a copper and gold exploration company based in Canada, focused on exploration of the Lunahuasi copper-gold-silver project in San Juan Province, Argentina, and the nearby Los Helados copper-gold project. The reportable projects of the company are the Los Helados Project, Lunahuasi project, and Maricunga Properties.
37GF Score
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