GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Entree Resources Ltd (FRA:2EE) » Definitions » Current Ratio

Entree Resources (FRA:2EE) Current Ratio : 11.89 (As of Mar. 2024)


View and export this data going back to 2005. Start your Free Trial

What is Entree 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. Entree Resources's current ratio for the quarter that ended in Mar. 2024 was 11.89.

Entree Resources has a current ratio of 11.89. 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 Entree Resources's Current Ratio or its related term are showing as below:

FRA:2EE' s Current Ratio Range Over the Past 10 Years
Min: 11.73   Med: 32.55   Max: 61.55
Current: 11.9

During the past 13 years, Entree Resources's highest Current Ratio was 61.55. The lowest was 11.73. And the median was 32.55.

FRA:2EE's Current Ratio is ranked better than
87.72% of 2654 companies
in the Metals & Mining industry
Industry Median: 1.83 vs FRA:2EE: 11.90

Entree Resources Current Ratio Historical Data

The historical data trend for Entree 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.

Entree Resources Current Ratio Chart

Entree Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.24 32.50 37.06 20.39 20.56

Entree Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 19.80 11.74 22.56 20.56 11.89

Competitive Comparison of Entree Resources's Current Ratio

For the Other Industrial Metals & Mining subindustry, Entree 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.


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

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

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



Entree 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.

Entree Resources'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 )
=5.902/0.287
=20.56

Entree Resources's Current Ratio for the quarter that ended in Mar. 2024 is calculated as

Current Ratio (Q: Mar. 2024 )=Total Current Assets (Q: Mar. 2024 )/Total Current Liabilities (Q: Mar. 2024 )
=4.933/0.415
=11.89

* 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.


Entree Resources  (FRA:2EE) 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.


Entree Resources Current Ratio Related Terms

Thank you for viewing the detailed overview of Entree Resources's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Entree Resources Business Description

Traded in Other Exchanges
Address
1066 West Hastings Street, Oceanic Plaza, Suite 1650, Vancouver, BC, CAN, V6E 3X1
Entree Resources Ltd is a Canadian mining company that owns a joint venture interest in a significant portion of the copper-gold-molybdenum deposit - the Oyu Tolgoi project in Mongolia. The company's interest in the Entree/Oyu Tolgoi joint venture has the characteristics of royalty, with the benefits of a producer. Entree's good financial position and high-quality asset portfolio provide a solid foundation and flexibility for growth.

Entree Resources Headlines

No Headlines