The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Bayfield Ventures's current ratio for the quarter that ended in Jul. 2014 was 104.80.
Bayfield Ventures has a current ratio of 104.80. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Bayfield Ventures's Current Ratio or its related term are showing as below:
FRA:B4N'
s Current Ratio Range Over the Past 10 Years
Min: 0.05 Med: 4.86 Max: 108.71
Current: 108.71
During the past 13 years, Bayfield Ventures's highest Current Ratio was 108.71. The lowest was 0.05. And the median was 4.86.
FRA:B4N's Current Ratio is not ranked
in the Metals & Mining industry.
Industry Median: 2.17
vs FRA:B4N: 108.71
Bayfield Ventures Current Ratio Historical Data
The historical data trend for Bayfield Ventures's Current 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.
Competitive Comparison of Bayfield Ventures's Current Ratio
For the Gold subindustry, Bayfield Ventures's Current Ratio, along with its competitors' market caps and Current 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.
Bayfield Ventures's Current Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Bayfield Ventures's Current Ratio distribution charts can be found below:
* The bar in red indicates where Bayfield Ventures's Current Ratio falls into.
Bayfield Ventures Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Bayfield Ventures's Current Ratio for the fiscal year that ended in Oct. 2013 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.
Bayfield Ventures (FRA:B4N) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Bayfield Ventures Current Ratio Related Terms
Thank you for viewing the detailed overview of Bayfield Ventures's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bayfield Ventures Corporation is a gold and silver exploration Company. The Company's project includes burns claim block gold-silver project in which it owns 100% of the mineral rights. The property is surrounded by Rainy River Resources property and adjoins the immediate east of Rainy River Resources' ODM17 gold-silver deposit and to the west of their expanding Intrepid gold-silver zone. It also holds interest in Red lake gold camp and Baird gold properties.
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