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. Labrador Iron Ore Royalty's current ratio for the quarter that ended in Mar. 2026 was 2.01.
Labrador Iron Ore Royalty has a current ratio of 2.01. It generally indicates good short-term financial strength.
The historical rank and industry rank for Labrador Iron Ore Royalty's Current Ratio or its related term are showing as below:
LIFZF'
s Current Ratio Range Over the Past 10 Years
Min: 1.13 Med: 1.56 Max: 2.61
Current: 2.01
During the past 13 years, Labrador Iron Ore Royalty's highest Current Ratio was 2.61. The lowest was 1.13. And the median was 1.56.
LIFZF's Current Ratio is ranked better than 59.43% of 636
companies
in the Steel industry
Industry Median: 1.63
vs LIFZF: 2.01
Labrador Iron Ore Royalty (OTCPK:LIFZF) 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.
Labrador Iron Ore Royalty Current Ratio Related Terms
Labrador Iron Ore Royalty Current Ratio Historical Data
* 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.
For the Steel subindustry, Labrador Iron Ore Royalty'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.
Labrador Iron Ore Royalty Current Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Labrador Iron Ore Royalty's Current Ratio distribution charts can be found below:
* The bar in red indicates where Labrador Iron Ore Royalty'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.
Labrador Iron Ore Royalty (LIFZF) has a Current Ratio of 2.01 as of Mar. 2026. This is 29% above median its historical median of 1.56. Over the past decade, Labrador Iron Ore Royalty's Current Ratio has ranged from 1.13 to 2.61. According to the industry distribution chart, Labrador Iron Ore Royalty ranks #258 out of 636 companies in the Steel industry, placing it in the top 40.6%.
Is Labrador Iron Ore Royalty's Current Ratio too high?
Labrador Iron Ore Royalty's current Current Ratio of 2.01 is 29% above median its 10-year median of 1.56. Over the past 10 years, this metric has ranged from a low of 1.13 to a high of 2.61. The Steel industry median Current Ratio is 1.63. Labrador Iron Ore Royalty's value of 2.01 is 23.3% above this industry median. Based on the distribution chart, Labrador Iron Ore Royalty ranks #258 out of 636 companies in the Steel industry, which is above the industry midpoint. Overall, Labrador Iron Ore Royalty has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Labrador Iron Ore Royalty's Current Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Labrador Iron Ore Royalty ranks #258 out of 636 companies for Current Ratio. This puts Labrador Iron Ore Royalty in the upper half of its industry. The industry median Current Ratio is 1.63. Labrador Iron Ore Royalty's value of 2.01 is 23.3% above this benchmark. Historically, Labrador Iron Ore Royalty's own Current Ratio has ranged from 1.13 to 2.61 over the past decade. While the company's 10-year median is 1.56 vs. the industry median of 1.63, Labrador Iron Ore Royalty 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 Steel company?
The median Current Ratio among Steel companies is 1.63, based on 636 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. Labrador Iron Ore Royalty's current Current Ratio of 2.01 is 23.3% 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. Labrador Iron Ore Royalty's current Current Ratio is 2.01, which is 29% above median its own 10-year median of 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Labrador Iron Ore Royalty stock overvalued right now?
Based on GuruFocus' analysis, Labrador Iron Ore Royalty (LIFZF) is currently considered Fairly Valued. The stock's GF Value™ is $17.88, compared to a current price of $19.99 — trading 11.8% above its estimated fair value. The current Current Ratio is 2.01, which is 29% above median its 10-year median of 1.56 and 23.3% above the Steel industry median of 1.63. Labrador Iron Ore Royalty's overall GF Score™ is 74/100 with 5 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 Labrador Iron Ore Royalty (LIFZF), the current Current Ratio is 2.01 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.
Is Labrador Iron Ore Royalty (LIFZF) Overvalued in 2026?
Based on GuruFocus' analysis, Labrador Iron Ore Royalty stock appears to be overvalued.
The current stock price of $19.99 is trading 11.8% above its estimated GF Value™ of $17.88.
GuruFocus considers Labrador Iron Ore Royalty to be Fairly Valued.
Key valuation signals for LIFZF:
Current Ratio: 2.01 (29% above median its 10-year median of 1.56)
GF Value™: $17.88 vs. price of $19.99 (11.8% above fair value)
Industry Position: 23.3% above the Steel median (#258 of 636)
No single metric tells the full story. See the LIFZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Labrador Iron Ore Royalty Corporation, along with its wholly owned subsidiary, holds approximately fifteen percent interest in Iron Ore Company of Canada (IOC), a North American producer and exporter of iron ore pellets and high-grade concentrate. The company receives approximately seven percent gross overriding royalty on all iron ore products produced, sold, and shipped by IOC and some cents per tonne commission on all iron ore products produced and sold by IOC from the leased lands. Under normal circumstances, Labrador Iron Ore Royalty Corporation pays cash dividends from the free cash flow generated from IOC to the maximum extent possible, subject to the maintenance of appropriate levels of working capital. The firm generates the majority of its revenue in the form of royalty income.
74GF Score
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