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. Tigers Realm Coal's current ratio for the quarter that ended in Jun. 2024 was 2.41.
Tigers Realm Coal has a current ratio of 2.41. It generally indicates good short-term financial strength.
The historical rank and industry rank for Tigers Realm Coal's Current Ratio or its related term are showing as below:
ASX:TIG's Current Ratio is not ranked *
in the Steel industry.
Industry Median: 1.63 * Ranked among companies with meaningful Current Ratio only.
Tigers Realm Coal (ASX:TIG) 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.
Tigers Realm Coal Current Ratio Related Terms
Tigers Realm Coal Current Ratio Historical Data
* Premium members only.
The historical data trend for Tigers Realm Coal'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.
ASX:TIG vs HCC, AMR, SXC: Current Ratio Comparison
For the Coking Coal subindustry, Tigers Realm Coal'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.
Tigers Realm Coal Current Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Tigers Realm Coal's Current Ratio distribution charts can be found below:
* The bar in red indicates where Tigers Realm Coal'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.
Tigers Realm Coal (ASX:TIG) has a Current Ratio of 2.41 as of Jun. 2024.
Is Tigers Realm Coal's Current Ratio too high?
Tigers Realm Coal's current Current Ratio is 2.41. The Steel industry median Current Ratio is 1.63. Tigers Realm Coal's value of 2.41 is 47.9% above this industry median.
How does Tigers Realm Coal's Current Ratio compare to HCC and AMR?
Tigers Realm Coal's Current Ratio of 2.41 can be compared against companies in the Steel industry. The industry median Current Ratio is 1.63. Tigers Realm Coal's value of 2.41 is 47.9% above this benchmark. 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 Steel company?
The median Current Ratio among Steel companies is 1.63, based on 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. Tigers Realm Coal's current Current Ratio of 2.41 is 47.9% 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 Steel industry, the median Current Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tigers Realm Coal's current Current Ratio is 2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tigers Realm Coal stock overvalued right now?
Tigers Realm Coal (ASX:TIG) has a current Current Ratio of 2.41. The current Current Ratio is 2.41 and 47.9% above the Steel industry median of 1.63. 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 Tigers Realm Coal (ASX:TIG), the current Current Ratio is 2.41 as of Jun. 2024. 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.
Tigers Realm Coal Ltd is engaged in the identification, exploration, development, mining, and sale of coal from deposits in the Far East of the Russian Federation. Its objectives encompass the development of the Amaam Coking Coal Deposits, comprising its two, well-located, large coking coal projects. The Amaam Coal Project is located in the Beringovsky Basin, in the Chukotka Autonomous Okrug. The Amaam North and Amaam deposits are located within separate structural blocks of the Bering Coal Basin. Geographically the company derives revenue from the Asia and Russia region, where dominant revenue comes from Asia. The Group has two reportable segments, Amaam North Project and Amaam Project. The company generates the majority of revenue from the Amaam North Project.
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