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. Maronan Metals's current ratio for the quarter that ended in Dec. 2024 was 4.81.
Maronan Metals has a current ratio of 4.81. 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 Maronan Metals's Current Ratio or its related term are showing as below:
ASX:MMA'
s Current Ratio Range Over the Past 10 Years
Min: 4.81 Med: 10.52 Max: 2270
Current: 4.81
During the past 3 years, Maronan Metals's highest Current Ratio was 2270.00. The lowest was 4.81. And the median was 10.52.
ASX:MMA's Current Ratio is ranked better than 72.55% of 2630
companies
in the Metals & Mining industry
Industry Median: 1.865
vs ASX:MMA: 4.81
Maronan Metals Current Ratio Historical Data
The historical data trend for Maronan 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.
Competitive Comparison of Maronan Metals's Current Ratio
For the Other Precious Metals & Mining subindustry, Maronan 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.
Maronan Metals's Current Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Maronan Metals's Current Ratio distribution charts can be found below:
* The bar in red indicates where Maronan 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.
Maronan Metals (ASX:MMA) 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.
Maronan Metals Current Ratio Related Terms
Thank you for viewing the detailed overview of Maronan Metals's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Maronan Metals Ltd is engaged in identifying and securing prospective mineral tenements and undertaking exploration for and development of mineral resources. It owns the Maronan lead-silver and copper-gold Project. The project is located in Queensland, Australia.
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