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. Mining Investments Resources's current ratio for the quarter that ended in Dec. 2013 was 1.98.
Mining Investments Resources has a current ratio of 1.98. It generally indicates good short-term financial strength.
The historical rank and industry rank for Mining Investments Resources's Current Ratio or its related term are showing as below:
LSE:MIR'
s Current Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 3.46
Current: 3.46
During the past 13 years, Mining Investments Resources's highest Current Ratio was 3.46. The lowest was 0.00. And the median was 0.00.
LSE:MIR's Current Ratio is not ranked
in the Conglomerates industry.
Industry Median: 1.6
vs LSE:MIR: 3.46
Mining Investments Resources (LSE:MIR) 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.
Mining Investments Resources Current Ratio Related Terms
Mining Investments Resources 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.
Mining Investments Resources Current Ratio Competitor Comparison
For the Conglomerates subindustry, Mining Investments 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.
Mining Investments Resources Current Ratio vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Mining Investments Resources's Current Ratio distribution charts can be found below:
* The bar in red indicates where Mining Investments Resources'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.
Mining Investments Resources (LSE:MIR) has a Current Ratio of 1.98 as of Dec. 2013.
Is Mining Investments Resources' Current Ratio too high?
Mining Investments Resources' current Current Ratio is 1.98. The Conglomerates industry median Current Ratio is 1.60. Mining Investments Resources' value of 1.98 is 23.8% above this industry median.
How does Mining Investments Resources' Current Ratio compare to competitors?
Mining Investments Resources' Current Ratio of 1.98 can be compared against companies in the Conglomerates industry. The industry median Current Ratio is 1.60. Mining Investments Resources' value of 1.98 is 23.8% 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 Conglomerates company?
The median Current Ratio among Conglomerates companies is 1.60, based on 561 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. Mining Investments Resources's current Current Ratio of 1.98 is 23.8% 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 Conglomerates industry, the median Current Ratio is 1.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mining Investments Resources's current Current Ratio is 1.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mining Investments Resources stock overvalued right now?
Mining Investments Resources (LSE:MIR) has a current Current Ratio of 1.98. The current Current Ratio is 1.98 and 23.8% above the Conglomerates industry median of 1.60. 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 Mining Investments Resources (LSE:MIR), the current Current Ratio is 1.98 as of Dec. 2013. 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.
Mining Investments Resources PLC is an investing company. It mainly invests in businesses which possess the opportunity for high growth, generally through exploitation of intellectual property. The Company's investing policy is to acquire a diverse portfolio of direct and indirect interests in exploration and producing projects and assets in the natural resources sector.
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