TRX GoldTSX:TRX +0.83%61 Quick Ratio is 1.52 as of Feb. 2026, which is 230% above its 10-year median of 0.46. GuruFocus rates TSX:TRX with a GF Score™ of 61/100 and a GF Value™ of C$1.67 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,637 Metals & Mining companies, TRX Gold ranks worse than 59.23% 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. TRX Gold's quick ratio for the quarter that ended in Feb. 2026 was 1.52.
TRX Gold has a quick ratio of 1.52. It generally indicates good short-term financial strength.
The historical rank and industry rank for TRX Gold's Quick Ratio or its related term are showing as below:
TSX:TRX'
s Quick Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.46 Max: 2.72
Current: 1.52
During the past 13 years, TRX Gold's highest Quick Ratio was 2.72. The lowest was 0.04. And the median was 0.46.
TSX:TRX's Quick Ratio is ranked worse than 59.23% of 2637
companies
in the Metals & Mining industry
Industry Median: 2.32
vs TSX:TRX: 1.52
TRX Gold (TSX:TRX) 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.
TRX Gold Quick Ratio Related Terms
TRX Gold Quick Ratio Historical Data
* Premium members only.
The historical data trend for TRX Gold'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, TRX Gold'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.
TRX Gold Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, TRX Gold's Quick Ratio distribution charts can be found below:
* The bar in red indicates where TRX Gold'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.
TRX Gold'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.
TRX Gold (TSX:TRX) has a Quick Ratio of 1.52 as of Feb. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on TRX Gold and its competitors. This is 230% above median its historical median of 0.46. Over the past decade, TRX Gold's Quick Ratio has ranged from 0.04 to 2.72. According to the industry distribution chart, TRX Gold ranks #1562 out of 2637 companies in the Metals & Mining industry, placing it in the top 59.2%.
Is TRX Gold's Quick Ratio too high?
TRX Gold's current Quick Ratio of 1.52 is 230% above median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 2.72. The Metals & Mining industry median Quick Ratio is 2.32. TRX Gold's value of 1.52 is 34.5% below this industry median. Based on the distribution chart, TRX Gold ranks #1562 out of 2637 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, TRX Gold has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TRX Gold's Quick Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, TRX Gold ranks #1562 out of 2637 companies for Quick Ratio. This places TRX Gold in the lower half of its industry. The industry median Quick Ratio is 2.32. TRX Gold's value of 1.52 is 34.5% below this benchmark. Historically, TRX Gold's own Quick Ratio has ranged from 0.04 to 2.72 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 2.32, TRX Gold has consistently been below 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. TRX Gold's current Quick Ratio of 1.52 is 34.5% below 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 TRX Gold 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. TRX Gold's current Quick Ratio is 1.52, which is 230% above median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRX Gold stock overvalued right now?
Based on GuruFocus' analysis, TRX Gold (TSX:TRX) is currently considered Modestly Undervalued. The stock's GF Value™ is C$1.67, compared to a current price of C$1.22 — trading 26.9% below its estimated fair value. The current Quick Ratio is 1.52, which is 230% above median its 10-year median of 0.46 and 34.5% below the Metals & Mining industry median of 2.32. TRX Gold's overall GF Score™ is 61/100 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 TRX Gold (TSX:TRX), the current Quick Ratio is 1.52 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.
Is TRX Gold (TSX:TRX) Overvalued in 2026?
Based on GuruFocus' analysis, TRX Gold stock appears to be undervalued.
The current stock price of C$1.22 is trading 26.9% below its estimated GF Value™ of C$1.67.
GuruFocus considers TRX Gold to be Modestly Undervalued.
Key valuation signals for TSX:TRX:
Quick Ratio: 1.52 (230% above median its 10-year median of 0.46)
GF Value™: C$1.67 vs. price of C$1.22 (26.9% below fair value)
Industry Position: 34.5% below the Metals & Mining median (#1562 of 2637)
No single metric tells the full story. See the TSX:TRX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TRX Gold Corp is engaged in the exploration, development, and production of mineral property interests in the United Republic of Tanzania, focused on development and mining operations, and on exploring and evaluating its mineral properties. The business of exploring and mining for minerals involves a high degree of risk, and the underlying value of the mineral properties depends on the existence and economic recovery of mineral resources and reserves, as well as the ability to raise long-term financing to continue development. The company is focused on the Buckreef Gold Project, which comprises five prospects: Buckreef, Bingwa, Tembo, Eastern Porphyry, and Buziba, and includes three main mineralized zones: Buckreef South, Buckreef Main, and Buckreef North.
61GF Score
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