C29 MetalsASX:C29 Current Ratio is 1.64 as of Dec. 2025, which is 84% below its 10-year median of 10.11. The stock has 3 warning signs investors should review. Among 2,638 Metals & Mining companies, C29 Metals ranks worse than 62.93% on this metric.
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. C29 Metals's current ratio for the quarter that ended in Dec. 2025 was 1.64.
C29 Metals has a current ratio of 1.64. It generally indicates good short-term financial strength.
The historical rank and industry rank for C29 Metals's Current Ratio or its related term are showing as below:
ASX:C29'
s Current Ratio Range Over the Past 10 Years
Min: 1.64 Med: 10.11 Max: 36.72
Current: 1.64
During the past 4 years, C29 Metals's highest Current Ratio was 36.72. The lowest was 1.64. And the median was 10.11.
ASX:C29's Current Ratio is ranked worse than 62.93% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.64
vs ASX:C29: 1.64
C29 Metals (ASX:C29) 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.
C29 Metals Current Ratio Related Terms
C29 Metals Current Ratio Historical Data
* Premium members only.
The historical data trend for C29 Metals'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.
For the Other Industrial Metals & Mining subindustry, C29 Metals'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.
C29 Metals Current Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, C29 Metals's Current Ratio distribution charts can be found below:
* The bar in red indicates where C29 Metals'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.
C29 Metals (ASX:C29) has a Current Ratio of 1.64 as of Dec. 2025. This is 84% below median its historical median of 10.11. Over the past decade, C29 Metals' Current Ratio has ranged from 1.64 to 36.72. According to the industry distribution chart, C29 Metals ranks #1660 out of 2638 companies in the Metals & Mining industry, placing it in the top 62.9%.
Is C29 Metals' Current Ratio too high?
C29 Metals' current Current Ratio of 1.64 is 84% below median its 10-year median of 10.11. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 36.72. The Metals & Mining industry median Current Ratio is 2.64. C29 Metals' value of 1.64 is 37.9% below this industry median. Based on the distribution chart, C29 Metals ranks #1660 out of 2638 companies in the Metals & Mining industry, which is below the industry midpoint.
How does C29 Metals' Current Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, C29 Metals ranks #1660 out of 2638 companies for Current Ratio. This places C29 Metals in the lower half of its industry. The industry median Current Ratio is 2.64. C29 Metals' value of 1.64 is 37.9% below this benchmark. Historically, C29 Metals' own Current Ratio has ranged from 1.64 to 36.72 over the past decade. While the company's 10-year median is 10.11 vs. the industry median of 2.64, C29 Metals 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 2.64, based on 2,638 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. C29 Metals's current Current Ratio of 1.64 is 37.9% 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 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. C29 Metals's current Current Ratio is 1.64, which is 84% below median its own 10-year median of 10.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is C29 Metals stock overvalued right now?
C29 Metals (ASX:C29) has a current Current Ratio of 1.64. The current Current Ratio is 1.64, which is 84% below median its 10-year median of 10.11 and 37.9% below the Metals & Mining industry median of 2.64. 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 C29 Metals (ASX:C29), the current Current Ratio is 1.64 as of Dec. 2025. 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.
C29 Metals Ltd is a minerals exploration company engaged in identifying, exploring, and developing prospective copper, gold, and base metal assets throughout Australia. The company's projects include the Mayfield Project in Queensland, the Sampsons Tank Project in New South Wales, and the Reedy Creek Project. It is organized into two operating segments: exploration of minerals in Australia and exploration of minerals in Kazakhstan.
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