Oceanic Iron OreFEOVF +1.73%24 Current Ratio is 48.15 as of Mar. 2026, which is 17096% above its 10-year median of 0.28. GuruFocus rates FEOVF with a GF Score™ of 24/100. The stock has 2 warning signs investors should review. Among 2,637 Metals & Mining companies, Oceanic Iron Ore ranks better than 96.93% 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. Oceanic Iron Ore's current ratio for the quarter that ended in Mar. 2026 was 48.15.
Oceanic Iron Ore has a current ratio of 48.15. 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 Oceanic Iron Ore's Current Ratio or its related term are showing as below:
FEOVF'
s Current Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.28 Max: 48.12
Current: 48.12
During the past 13 years, Oceanic Iron Ore's highest Current Ratio was 48.12. The lowest was 0.02. And the median was 0.28.
FEOVF's Current Ratio is ranked better than 96.93% of 2637
companies
in the Metals & Mining industry
Industry Median: 2.64
vs FEOVF: 48.12
Oceanic Iron Ore (OTCPK:FEOVF) 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.
Oceanic Iron Ore Current Ratio Related Terms
Oceanic Iron Ore Current Ratio Historical Data
* Premium members only.
The historical data trend for Oceanic Iron Ore'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.
Oceanic Iron Ore Current Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Oceanic Iron Ore'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.
Oceanic Iron Ore Current Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Oceanic Iron Ore's Current Ratio distribution charts can be found below:
* The bar in red indicates where Oceanic Iron Ore'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.
Oceanic Iron Ore (FEOVF) has a Current Ratio of 48.15 as of Mar. 2026. This is 17096% above median its historical median of 0.28. Over the past decade, Oceanic Iron Ore's Current Ratio has ranged from 0.02 to 48.12. According to the industry distribution chart, Oceanic Iron Ore ranks #81 out of 2637 companies in the Metals & Mining industry, placing it in the top 3.1%.
Is Oceanic Iron Ore's Current Ratio too high?
Oceanic Iron Ore's current Current Ratio of 48.15 is 17096% above median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 48.12. The Metals & Mining industry median Current Ratio is 2.64. Oceanic Iron Ore's value of 48.15 is 1723.9% above this industry median. Based on the distribution chart, Oceanic Iron Ore ranks #81 out of 2637 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Oceanic Iron Ore has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Oceanic Iron Ore's Current Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Oceanic Iron Ore ranks #81 out of 2637 companies for Current Ratio. This places Oceanic Iron Ore in the top 3% of its industry — outperforming the majority of peers. The industry median Current Ratio is 2.64. Oceanic Iron Ore's value of 48.15 is 1723.9% above this benchmark. Historically, Oceanic Iron Ore's own Current Ratio has ranged from 0.02 to 48.12 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 2.64, Oceanic Iron Ore 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. Oceanic Iron Ore's current Current Ratio of 48.15 is 1723.9% 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. Oceanic Iron Ore's current Current Ratio is 48.15, which is 17096% above median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oceanic Iron Ore stock overvalued right now?
Oceanic Iron Ore (FEOVF) has a current Current Ratio of 48.15. The current Current Ratio is 48.15, which is 17096% above median its 10-year median of 0.28 and 1723.9% above the Metals & Mining industry median of 2.64. Oceanic Iron Ore's overall GF Score™ is 24/100 with 2 warning signs to review. 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 Oceanic Iron Ore (FEOVF), the current Current Ratio is 48.15 as of Mar. 2026. 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.
Oceanic Iron Ore Corp is an exploration-stage company. It is engaged in the acquisition and exploration of iron ore properties in Quebec, Canada. The company focuses on the operations of the Ungava Bay iron property in Nunavik, Quebec which consists of three project areas: Hopes Advance, Morgan Lake, and Roberts Lake. The Company operates as a single reportable segment, being the exploration of the Property.
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