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. Rafex Gold's current ratio for the quarter that ended in Sep. 2023 was 0.27.
Rafex Gold has a current ratio of 0.27. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Rafex 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 Rafex Gold's Current Ratio or its related term are showing as below:
RAFX's Current Ratio is not ranked *
in the Diversified Financial Services industry.
Industry Median: 3.19 * Ranked among companies with meaningful Current Ratio only.
Rafex Gold (OTCPK:RAFX) 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.
Rafex Gold Current Ratio Related Terms
Rafex Gold Current Ratio Historical Data
* Premium members only.
The historical data trend for Rafex Gold'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.
Rafex Gold Current Ratio Chart
Rafex Gold Annual Data
Trend
Current Ratio
Rafex Gold Quarterly Data
Sep22
Sep23
Current Ratio
0.00
0.27
RAFX vs AHAD, BLAIF: Current Ratio Comparison
For the Shell Companies subindustry, Rafex 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.
Rafex Gold Current Ratio vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Rafex Gold's Current Ratio distribution charts can be found below:
* The bar in red indicates where Rafex 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.
Rafex Gold (RAFX) has a Current Ratio of 0.27 as of Sep. 2023.
Is Rafex Gold's Current Ratio too high?
Rafex Gold's current Current Ratio is 0.27. The Diversified Financial Services industry median Current Ratio is 3.19. Rafex Gold's value of 0.27 is 91.5% below this industry median. Overall, Rafex Gold has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Rafex Gold's Current Ratio compare to AHAD and BLAIF?
Rafex Gold's Current Ratio of 0.27 can be compared against companies in the Diversified Financial Services industry. The industry median Current Ratio is 3.19. Rafex Gold's value of 0.27 is 91.5% below 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 Diversified Financial Services company?
The median Current Ratio among Diversified Financial Services companies is 3.19, based on 502 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. Rafex Gold's current Current Ratio of 0.27 is 91.5% below 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 Diversified Financial Services industry, the median Current Ratio is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rafex Gold's current Current Ratio is 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rafex Gold stock overvalued right now?
Rafex Gold (RAFX) has a current Current Ratio of 0.27. The current Current Ratio is 0.27 and 91.5% below the Diversified Financial Services industry median of 3.19. Rafex Gold's overall GF Score™ is 39/100. 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 Rafex Gold (RAFX), the current Current Ratio is 0.27 as of Sep. 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.
Rafex Gold Corp engages in mineral exploration activities, focusing on the exploration and development of various mineral resources. The company's key assets include the Bendoc, Mt Bute, and Rutherglen projects, along with the Aur Gading iron ore mine. The Mt Bute Project is located in the Lachlan Orogen, a region known for hosting gold deposits, and is currently undergoing exploration and development activities.
39GF Score
Get the complete analysis for RAFX
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
RAFX has been successfully added to your 