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AUCUF (Inflection Resources) Current Ratio : 2.80 (As of Jun. 2024)


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What is Inflection Resources 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. Inflection Resources's current ratio for the quarter that ended in Jun. 2024 was 2.80.

Inflection Resources has a current ratio of 2.80. It generally indicates good short-term financial strength.

The historical rank and industry rank for Inflection Resources's Current Ratio or its related term are showing as below:

AUCUF' s Current Ratio Range Over the Past 10 Years
Min: 1.65   Med: 4.53   Max: 24.99
Current: 2.8

During the past 5 years, Inflection Resources's highest Current Ratio was 24.99. The lowest was 1.65. And the median was 4.53.

AUCUF's Current Ratio is ranked better than
61.12% of 2654 companies
in the Metals & Mining industry
Industry Median: 1.83 vs AUCUF: 2.80

Inflection Resources Current Ratio Historical Data

The historical data trend for Inflection 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.

* Premium members only.

Inflection Resources Current Ratio Chart

Inflection Resources Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23
Current Ratio
1.65 8.44 15.77 24.85 2.64

Inflection Resources Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.60 2.64 3.88 1.98 2.80

Competitive Comparison of Inflection Resources's Current Ratio

For the Other Precious Metals & Mining subindustry, Inflection 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.


Inflection Resources's Current Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Inflection Resources's Current Ratio falls into.



Inflection Resources 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.

Inflection Resources's Current Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Current Ratio (A: Sep. 2023 )=Total Current Assets (A: Sep. 2023 )/Total Current Liabilities (A: Sep. 2023 )
=2.239/0.848
=2.64

Inflection Resources'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 )
=2.007/0.717
=2.80

* 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.


Inflection Resources  (OTCPK:AUCUF) 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.


Inflection Resources Current Ratio Related Terms

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Inflection Resources Business Description

Traded in Other Exchanges
Address
1130 West Pender Street, Suite 1210, Vancouver, BC, CAN, V6E 4A4
Inflection Resources Ltd is a technology-driven gold and gold-copper-focused mineral exploration company with projects in Eastern Australia. The company has a portfolio of drill-ready projects in New South Wales and Queensland. Its project includes the Northern New South Wales Project and the Carron Gold Project. Its geographic segment includes Canada and Australia. It generates the majority of its revenue from Canada.