Canterbury ResourcesASX:CBY +2.38% Current Ratio is 3.43 as of Dec. 2025, which is 69% above its 10-year median of 2.03. The stock has 3 warning signs investors should review. Among 2,637 Metals & Mining companies, Canterbury Resources ranks better than 56.66% 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. Canterbury Resources's current ratio for the quarter that ended in Dec. 2025 was 3.43.
Canterbury Resources has a current ratio of 3.43. 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 Canterbury Resources's Current Ratio or its related term are showing as below:
ASX:CBY'
s Current Ratio Range Over the Past 10 Years
Min: 0.44 Med: 2.03 Max: 176.63
Current: 3.43
During the past 8 years, Canterbury Resources's highest Current Ratio was 176.63. The lowest was 0.44. And the median was 2.03.
ASX:CBY's Current Ratio is ranked better than 56.66% of 2637
companies
in the Metals & Mining industry
Industry Median: 2.64
vs ASX:CBY: 3.43
Canterbury Resources (ASX:CBY) 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.
Canterbury Resources Current Ratio Related Terms
Canterbury Resources Current Ratio Historical Data
* Premium members only.
The historical data trend for Canterbury Resources'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 Precious Metals & Mining subindustry, Canterbury Resources'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.
Canterbury Resources Current Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Canterbury Resources's Current Ratio distribution charts can be found below:
* The bar in red indicates where Canterbury Resources'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.
Canterbury Resources (ASX:CBY) has a Current Ratio of 3.43 as of Dec. 2025. This is 69% above median its historical median of 2.03. Over the past decade, Canterbury Resources' Current Ratio has ranged from 0.44 to 176.63. According to the industry distribution chart, Canterbury Resources ranks #1143 out of 2637 companies in the Metals & Mining industry, placing it in the top 43.3%.
Is Canterbury Resources' Current Ratio too high?
Canterbury Resources' current Current Ratio of 3.43 is 69% above median its 10-year median of 2.03. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 176.63. The Metals & Mining industry median Current Ratio is 2.64. Canterbury Resources' value of 3.43 is 29.9% above this industry median. Based on the distribution chart, Canterbury Resources ranks #1143 out of 2637 companies in the Metals & Mining industry, which is above the industry midpoint.
How does Canterbury Resources' Current Ratio compare to HL?
According to the Metals & Mining industry distribution chart, Canterbury Resources ranks #1143 out of 2637 companies for Current Ratio. This puts Canterbury Resources in the upper half of its industry. The industry median Current Ratio is 2.64. Canterbury Resources' value of 3.43 is 29.9% above this benchmark. Historically, Canterbury Resources' own Current Ratio has ranged from 0.44 to 176.63 over the past decade. While the company's 10-year median is 2.03 vs. the industry median of 2.64, Canterbury Resources 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 Current Ratio for a Metals & Mining company?
The median Current Ratio among Metals & Mining companies is 2.64, based on 2,637 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. Canterbury Resources's current Current Ratio of 3.43 is 29.9% 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 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. Canterbury Resources's current Current Ratio is 3.43, which is 69% above median its own 10-year median of 2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canterbury Resources stock overvalued right now?
Canterbury Resources (ASX:CBY) has a current Current Ratio of 3.43. The current Current Ratio is 3.43, which is 69% above median its 10-year median of 2.03 and 29.9% above 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 Canterbury Resources (ASX:CBY), the current Current Ratio is 3.43 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.
Canterbury Resources Ltd is an Australia-based mineral exploration and development company. It focuses on porphyry copper-gold and epithermal gold-silver deposits in the southwest Pacific region, in particular in Australia and Papua New Guinea (PNG). Its project holdings include Ekuti Range Project, Wamum Project, and Bismarck Project in PNG; Briggs Project, Fig Tree Hill and Mannersley Project in Australia. Geographically, it operates in Papua New Guinea and Australia.
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