Lenzoloto PJSC (MIC:LNZL) Current Ratio: 44.88 (As of Jun. 2024)

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What is Lenzoloto PJSC Current Ratio?

Lenzoloto PJSC MIC:LNZL -8.70% 17 Current Ratio is 44.88 as of Jun. 2024. GuruFocus rates MIC:LNZL with a GF Score™ of 17/100.

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. Lenzoloto PJSC's current ratio for the quarter that ended in Jun. 2024 was 44.88.

Lenzoloto PJSC has a current ratio of 44.88. 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 Lenzoloto PJSC's Current Ratio or its related term are showing as below:

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

Lenzoloto PJSC  (MIC:LNZL) 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.


Lenzoloto PJSC Current Ratio Related Terms


Lenzoloto PJSC Current Ratio Historical Data

* Premium members only.

The historical data trend for Lenzoloto PJSC'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.

Lenzoloto PJSC Current Ratio Chart

Lenzoloto PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.66 9.84 2,906.13 16.65 5.90

Lenzoloto PJSC Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Jun24
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 16.65 19.12 5.90 4.93 44.88

MIC:LNZL vs NEM, AU, RGLD: Current Ratio Comparison

For the Gold subindustry, Lenzoloto PJSC'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.


Lenzoloto PJSC Current Ratio vs Metals & Mining Industry

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

* The bar in red indicates where Lenzoloto PJSC's Current Ratio falls into.



Lenzoloto PJSC 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.

Lenzoloto PJSC's Current Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Current Ratio (A: Dec. 2022 )=Total Current Assets (A: Dec. 2022 )/Total Current Liabilities (A: Dec. 2022 )
=1639/278
=5.90

Lenzoloto PJSC's Current Ratio for the quarter that ended in Jun. 2024 is calculated as

Current Ratio (Q: Jun. 2024 )=Total Current Assets (Q: Jun. 2024 )/Total Current Liabilities (Q: Jun. 2024 )
=1795/40
=44.88

* 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 44.88 mean?
Lenzoloto PJSC (MIC:LNZL) has a Current Ratio of 44.88 as of Jun. 2024.
Is Lenzoloto PJSC's Current Ratio too high?
Lenzoloto PJSC's current Current Ratio is 44.88. The Metals & Mining industry median Current Ratio is 2.63. Lenzoloto PJSC's value of 44.88 is 1609.7% above this industry median. Overall, Lenzoloto PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Lenzoloto PJSC's Current Ratio compare to NEM and AU?
Lenzoloto PJSC's Current Ratio of 44.88 can be compared against companies in the Metals & Mining industry. The industry median Current Ratio is 2.63. Lenzoloto PJSC's value of 44.88 is 1609.7% 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. Lenzoloto PJSC's current Current Ratio of 44.88 is 1609.7% 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. Lenzoloto PJSC's current Current Ratio is 44.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lenzoloto PJSC stock overvalued right now?
Lenzoloto PJSC (MIC:LNZL) has a current Current Ratio of 44.88. The current Current Ratio is 44.88 and 1609.7% above the Metals & Mining industry median of 2.63. Lenzoloto PJSC's overall GF Score™ is 17/100. 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 Lenzoloto PJSC (MIC:LNZL), the current Current Ratio is 44.88 as of Jun. 2024. 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.

Lenzoloto PJSC Business Description

Address Bodaibo ul. Mira, 4, Irkutsk Region, Bodaibo, RUS, 666904
Lenzoloto PJSC is gold producer in Russia. The company is located in Irkutsk region.