Magellan Copper and GoldMAGE -0.99%26 Current Ratio is 0.00 as of Mar. 2026. GuruFocus rates MAGE with a GF Score™ of 26/100. The stock has 2 warning signs investors should review. Among 2,638 Metals & Mining companies, Magellan Copper and Gold ranks worse than 37907.47% 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. Magellan Copper and Gold's current ratio for the quarter that ended in Mar. 2026 was 0.00.
Magellan Copper and Gold has a current ratio of 0.00. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Magellan Copper and Gold has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Magellan Copper and Gold's Current Ratio or its related term are showing as below:
During the past 13 years, Magellan Copper and Gold's highest Current Ratio was 0.15. The lowest was 0.01. And the median was 0.04.
MAGE's Current Ratio is not ranked *
in the Metals & Mining industry.
Industry Median: 2.64 * Ranked among companies with meaningful Current Ratio only.
Magellan Copper and Gold (OTCPK:MAGE) 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.
Magellan Copper and Gold Current Ratio Related Terms
Magellan Copper and Gold 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.
MAGE vs PGOL, MGIDF, NGLD: Current Ratio Comparison
For the Gold subindustry, Magellan Copper and Gold'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.
Magellan Copper and Gold Current Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Magellan Copper and Gold's Current Ratio distribution charts can be found below:
* The bar in red indicates where Magellan Copper and Gold'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.
Magellan Copper and Gold (MAGE) has a Current Ratio of 0.00 as of Mar. 2026. Over the past decade, Magellan Copper and Gold's Current Ratio has ranged from 0.01 to 0.15. According to the industry distribution chart, Magellan Copper and Gold ranks #999999 out of 2638 companies in the Metals & Mining industry.
Is Magellan Copper and Gold's Current Ratio too high?
Magellan Copper and Gold's current Current Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.15. Based on the distribution chart, Magellan Copper and Gold ranks #999999 out of 2638 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Magellan Copper and Gold has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Magellan Copper and Gold's Current Ratio compare to PGOL and MGIDF?
According to the Metals & Mining industry distribution chart, Magellan Copper and Gold ranks #999999 out of 2638 companies for Current Ratio. This places Magellan Copper and Gold in the lower half of its industry. The industry median Current Ratio is 2.64. Historically, Magellan Copper and Gold's own Current Ratio has ranged from 0.01 to 0.15 over the past decade. 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 2,638 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. 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. Magellan Copper and Gold's current Current Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magellan Copper and Gold stock overvalued right now?
Magellan Copper and Gold (MAGE) has a current Current Ratio of 0.00. The current Current Ratio is 0.00. Magellan Copper and Gold's overall GF Score™ is 26/100 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 Magellan Copper and Gold (MAGE), the current Current Ratio is 0.00 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.
Magellan Copper and Gold Corp is an exploration-stage company, and its principal business is the acquisition and exploration of mineral projects. The company's key projects are the Center Star Mine and the Cable Project. Its other projects include BLUE JACKET AND CUPRUM project, Merit's Cable Project and Kris project. It manages its operations as a single segment.
26GF Score
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