Sierra Nevada Gold (ASX:SNX) Current Ratio : 1.82 (As of Jun. 2024)

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What is Sierra Nevada Gold Current Ratio?

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. Sierra Nevada Gold's current ratio for the quarter that ended in Jun. 2024 was 1.82.

Sierra Nevada Gold has a current ratio of 1.82. It generally indicates good short-term financial strength.

The historical rank and industry rank for Sierra Nevada Gold's Current Ratio or its related term are showing as below:

ASX:SNX' s Current Ratio Range Over the Past 10 Years
Min: 1.72 Med: 3.24 Max: 32.68
Current: 1.82

During the past 2 years, Sierra Nevada Gold's highest Current Ratio was 32.68. The lowest was 1.72. And the median was 3.24.

ASX:SNX's Current Ratio is ranked worse than
52.63% of 2677 companies
in the Metals & Mining industry
Industry Median: 2.01 vs ASX:SNX: 1.82

Sierra Nevada Gold Current Ratio Historical Data

The historical data trend for Sierra Nevada Gold'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.

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Sierra Nevada Gold Current Ratio Chart

Sierra Nevada Gold Annual Data

Trend

Dec22

Dec23

Current Ratio

3.38

1.72

Sierra Nevada Gold Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23	Jun24
Current Ratio	Get a 7-Day Free Trial			11.02	3.38	3.10	1.72	1.82

Competitive Comparison of Sierra Nevada Gold's Current Ratio

For the Gold subindustry, Sierra Nevada Gold'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.

Sierra Nevada Gold's Current Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sierra Nevada Gold's Current Ratio distribution charts can be found below:

* The bar in red indicates where Sierra Nevada Gold's Current Ratio falls into.

Sierra Nevada Gold 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.

Sierra Nevada Gold's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )	=	Total Current Assets (A: Dec. 2023 )	/	Total Current Liabilities (A: Dec. 2023 )
	=	1.421	/	0.826
	=	1.72

Sierra Nevada Gold's Current Ratio for the quarter that ended in Jun. 2024 is calculated as

Current Ratio (Q: Jun. 2024 )	=	Total Current Assets (Q: Jun. 2024 )	/	Total Current Liabilities (Q: Jun. 2024 )
	=	1.319	/	0.724
	=	1.82

Sierra Nevada Gold (ASX:SNX) 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.

Sierra Nevada Gold Current Ratio Related Terms

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