Leading Edge MaterialsTSXV:LEM +23.08%27 Quick Ratio is 2.78 as of Apr. 2026, which is 56% below its 10-year median of 6.35. GuruFocus rates TSXV:LEM with a GF Score™ of 27/100. The stock has 1 warning sign investors should review. Among 2,637 Metals & Mining companies, Leading Edge Materials ranks better than 54.46% on this metric.
Leading Edge Materials has a quick ratio of 2.78. It generally indicates good short-term financial strength.
The historical rank and industry rank for Leading Edge Materials's Quick Ratio or its related term are showing as below:
TSXV:LEM'
s Quick Ratio Range Over the Past 10 Years
Min: 0.94 Med: 6.35 Max: 17.31
Current: 2.78
During the past 13 years, Leading Edge Materials's highest Quick Ratio was 17.31. The lowest was 0.94. And the median was 6.35.
TSXV:LEM's Quick Ratio is ranked better than 54.46% of 2637
companies
in the Metals & Mining industry
Industry Median: 2.32
vs TSXV:LEM: 2.78
Leading Edge Materials (TSXV:LEM) 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.
Leading Edge Materials Quick Ratio Related Terms
Leading Edge Materials 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.
Leading Edge Materials Quick Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Leading Edge Materials'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.
Leading Edge Materials Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Leading Edge Materials's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Leading Edge Materials'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.
Leading Edge Materials's Quick Ratio for the fiscal year that ended in Oct. 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.
Leading Edge Materials (TSXV:LEM) has a Quick Ratio of 2.78 as of Apr. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Leading Edge Materials and its competitors. This is 56% below median its historical median of 6.35. Over the past decade, Leading Edge Materials' Quick Ratio has ranged from 0.94 to 17.31. According to the industry distribution chart, Leading Edge Materials ranks #1201 out of 2637 companies in the Metals & Mining industry, placing it in the top 45.5%.
Is Leading Edge Materials' Quick Ratio too high?
Leading Edge Materials' current Quick Ratio of 2.78 is 56% below median its 10-year median of 6.35. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 17.31. The Metals & Mining industry median Quick Ratio is 2.32. Leading Edge Materials' value of 2.78 is 19.8% above this industry median. Based on the distribution chart, Leading Edge Materials ranks #1201 out of 2637 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Leading Edge Materials has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Leading Edge Materials' Quick Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Leading Edge Materials ranks #1201 out of 2637 companies for Quick Ratio. This puts Leading Edge Materials in the upper half of its industry. The industry median Quick Ratio is 2.32. Leading Edge Materials' value of 2.78 is 19.8% above this benchmark. Historically, Leading Edge Materials' own Quick Ratio has ranged from 0.94 to 17.31 over the past decade. While the company's 10-year median is 6.35 vs. the industry median of 2.32, Leading Edge Materials 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. Leading Edge Materials's current Quick Ratio of 2.78 is 19.8% 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 Leading Edge Materials 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. Leading Edge Materials's current Quick Ratio is 2.78, which is 56% below median its own 10-year median of 6.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leading Edge Materials stock overvalued right now?
Leading Edge Materials (TSXV:LEM) has a current Quick Ratio of 2.78. The current Quick Ratio is 2.78, which is 56% below median its 10-year median of 6.35 and 19.8% above the Metals & Mining industry median of 2.32. Leading Edge Materials' overall GF Score™ is 27/100 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 Leading Edge Materials (TSXV:LEM), the current Quick Ratio is 2.78 as of Apr. 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.
Leading Edge Materials Corp is involved in the exploration and development of resource properties in Sweden with corporate operations in Canada. It is focused on developing a portfolio of critical raw material projects located in the European Union. The portfolio of projects includes the Woxna Graphite mine (Sweden), the Norra Karr Heavy Rare Earths Elements (HREE) project (Sweden) and the Bihor Sud Nickel Cobalt exploration alliance (Romania).
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