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Atlantic Gold NLASX:ATVCD Current Ratio is 1.82 as of Dec. 2013, which is 83% below its 10-year median of 10.57. The stock has 3 warning signs investors should review.
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. Atlantic Gold NL's current ratio for the quarter that ended in Dec. 2013 was 1.82.
Atlantic Gold NL has a current ratio of 1.82. It generally indicates good short-term financial strength.
The historical rank and industry rank for Atlantic Gold NL's Current Ratio or its related term are showing as below:
ASX:ATVCD'
s Current Ratio Range Over the Past 10 Years
Min: 1.15 Med: 10.57 Max: 81.34
Current: 1.82
During the past 13 years, Atlantic Gold NL's highest Current Ratio was 81.34. The lowest was 1.15. And the median was 10.57.
ASX:ATVCD's Current Ratio is not ranked
in the Metals & Mining industry.
Industry Median: 2.72
vs ASX:ATVCD: 1.82
Atlantic Gold NL (ASX:ATVCD) 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.
Atlantic Gold NL Current Ratio Related Terms
Atlantic Gold NL Current Ratio Historical Data
* Premium members only.
The historical data trend for Atlantic Gold NL'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.
Atlantic Gold NL Current Ratio Competitor Comparison
For the Gold subindustry, Atlantic Gold NL'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.
Atlantic Gold NL Current Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Atlantic Gold NL's Current Ratio distribution charts can be found below:
* The bar in red indicates where Atlantic Gold NL's Current Ratio falls into.
* 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.
Atlantic Gold NL (ASX:ATVCD) has a Current Ratio of 1.82 as of Dec. 2013. This is 83% below median its historical median of 10.57. Over the past decade, Atlantic Gold NL's Current Ratio has ranged from 1.15 to 81.34.
Is Atlantic Gold NL's Current Ratio too high?
Atlantic Gold NL's current Current Ratio of 1.82 is 83% below median its 10-year median of 10.57. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 81.34. The Metals & Mining industry median Current Ratio is 2.72. Atlantic Gold NL's value of 1.82 is 33.1% below this industry median.
How does Atlantic Gold NL's Current Ratio compare to competitors?
Atlantic Gold NL's Current Ratio of 1.82 can be compared against companies in the Metals & Mining industry. The industry median Current Ratio is 2.72. Atlantic Gold NL's value of 1.82 is 33.1% below this benchmark. Historically, Atlantic Gold NL's own Current Ratio has ranged from 1.15 to 81.34 over the past decade. While the company's 10-year median is 10.57 vs. the industry median of 2.72, Atlantic Gold NL 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 Current Ratio for a Metals & Mining company?
The median Current Ratio among Metals & Mining companies is 2.72, based on 2,646 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Atlantic Gold NL's current Current Ratio of 1.82 is 33.1% 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 Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Metals & Mining industry, the median Current Ratio is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atlantic Gold NL's current Current Ratio is 1.82, which is 83% below median its own 10-year median of 10.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlantic Gold NL stock overvalued right now?
Atlantic Gold NL (ASX:ATVCD) has a current Current Ratio of 1.82. The current Current Ratio is 1.82, which is 83% below median its 10-year median of 10.57 and 33.1% below the Metals & Mining industry median of 2.72. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Atlantic Gold NL (ASX:ATVCD), the current Current Ratio is 1.82 as of Dec. 2013. 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.
Atlantic Gold NL (ATV, former Diamond Ventures NL) is primarily involved in the exploration of gold and diamonds in Australia and Canada. Current focus is on the development of the Touquoy project in Canada.
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