KMCM (Key Mining Holdings) Current Ratio: 8.03 (As of Dec. 2023)

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What is Key Mining Holdings Current Ratio?

Key Mining Holdings KMCM Current Ratio is 8.03 as of Dec. 2023.

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. Key Mining Holdings's current ratio for the quarter that ended in Dec. 2023 was 8.03.

Key Mining Holdings has a current ratio of 8.03. 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 Key Mining Holdings's Current Ratio or its related term are showing as below:

KMCM's Current Ratio is not ranked *
in the Metals & Mining industry.
Industry Median: 2.625
* Ranked among companies with meaningful Current Ratio only.

Key Mining Holdings  (NAS:KMCM) 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.


Key Mining Holdings Current Ratio Related Terms


Key Mining Holdings Current Ratio Historical Data

* Premium members only.

The historical data trend for Key Mining Holdings'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.

Key Mining Holdings Current Ratio Chart

Key Mining Holdings Annual Data
Trend Dec21 Dec22 Dec23
Current Ratio
54.00 29.81 8.03

Key Mining Holdings Quarterly Data
Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Current Ratio Get a 7-Day Free Trial 0.00 29.81 8.87 8.27 8.03

KMCM vs : Current Ratio Comparison

For the Other Industrial Metals & Mining subindustry, Key Mining Holdings'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.


Key Mining Holdings Current Ratio vs Metals & Mining Industry

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

* The bar in red indicates where Key Mining Holdings's Current Ratio falls into.



Key Mining Holdings 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.

Key Mining Holdings'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 )
=1.967/0.245
=8.03

Key Mining Holdings's Current Ratio for the quarter that ended in Dec. 2023 is calculated as

Current Ratio (Q: Dec. 2023 )=Total Current Assets (Q: Dec. 2023 )/Total Current Liabilities (Q: Dec. 2023 )
=1.967/0.245
=8.03

* 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.

Frequently Asked Questions Learn more about Current Ratio →
What does a Current Ratio of 8.03 mean?
Key Mining Holdings (KMCM) has a Current Ratio of 8.03 as of Dec. 2023.
Is Key Mining Holdings' Current Ratio too high?
Key Mining Holdings' current Current Ratio is 8.03. The Metals & Mining industry median Current Ratio is 2.63. Key Mining Holdings' value of 8.03 is 205.9% above this industry median.
How does Key Mining Holdings' Current Ratio compare to ?
Key Mining Holdings' Current Ratio of 8.03 can be compared against companies in the Metals & Mining industry. The industry median Current Ratio is 2.63. Key Mining Holdings' value of 8.03 is 205.9% 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 Metals & Mining company?
The median Current Ratio among Metals & Mining companies is 2.63, based on 2,638 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. Key Mining Holdings's current Current Ratio of 8.03 is 205.9% 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 2.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Key Mining Holdings's current Current Ratio is 8.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Key Mining Holdings stock overvalued right now?
Key Mining Holdings (KMCM) has a current Current Ratio of 8.03. The current Current Ratio is 8.03 and 205.9% above the Metals & Mining industry median of 2.63. 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 Key Mining Holdings (KMCM), the current Current Ratio is 8.03 as of Dec. 2023. 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.

Key Mining Holdings Business Description

Comparable Companies
Address 701 Brickell Avenue, Suite 1550, Miami, FL, USA, 33131
Key Mining Holdings Corp is a critical minerals and infrastructure company with a portfolio of exploration-stage mineral project and a regional water desalination project. Its flagship assets include the Cerro Blanco rutile project, capable of producing high-grade titanium dioxide (TiO), and a desalination plant under development in the Atacama Region of Chile, intended to supply water to regional mining, agricultural, and community users.