PPX MiningSNNGF -7.07%25 Current Ratio is 0.68 as of Mar. 2026, which is 31% above its 10-year median of 0.52. GuruFocus rates SNNGF with a GF Score™ of 25/100. The stock has 2 warning signs investors should review. Among 2,637 Metals & Mining companies, PPX Mining ranks worse than 80.62% 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. PPX Mining's current ratio for the quarter that ended in Mar. 2026 was 0.68.
PPX Mining has a current ratio of 0.68. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If PPX Mining 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 PPX Mining's Current Ratio or its related term are showing as below:
SNNGF'
s Current Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.52 Max: 4.86
Current: 0.68
During the past 13 years, PPX Mining's highest Current Ratio was 4.86. The lowest was 0.01. And the median was 0.52.
SNNGF's Current Ratio is ranked worse than 80.62% of 2637
companies
in the Metals & Mining industry
Industry Median: 2.64
vs SNNGF: 0.68
PPX Mining (OTCPK:SNNGF) 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.
PPX Mining Current Ratio Related Terms
PPX Mining Current Ratio Historical Data
* Premium members only.
The historical data trend for PPX Mining'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.
For the Other Precious Metals & Mining subindustry, PPX Mining'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.
PPX Mining Current Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PPX Mining's Current Ratio distribution charts can be found below:
* The bar in red indicates where PPX Mining'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.
PPX Mining (SNNGF) has a Current Ratio of 0.68 as of Mar. 2026. This is 31% above median its historical median of 0.52. Over the past decade, PPX Mining's Current Ratio has ranged from 0.01 to 4.86. According to the industry distribution chart, PPX Mining ranks #2126 out of 2637 companies in the Metals & Mining industry, placing it in the top 80.6%.
Is PPX Mining's Current Ratio too high?
PPX Mining's current Current Ratio of 0.68 is 31% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 4.86. The Metals & Mining industry median Current Ratio is 2.64. PPX Mining's value of 0.68 is 74.2% below this industry median. Based on the distribution chart, PPX Mining ranks #2126 out of 2637 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, PPX Mining has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does PPX Mining's Current Ratio compare to HL?
According to the Metals & Mining industry distribution chart, PPX Mining ranks #2126 out of 2637 companies for Current Ratio. This places PPX Mining in the lower half of its industry. The industry median Current Ratio is 2.64. PPX Mining's value of 0.68 is 74.2% below this benchmark. Historically, PPX Mining's own Current Ratio has ranged from 0.01 to 4.86 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 2.64, PPX Mining has consistently been below 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 Metals & Mining company?
The median Current Ratio among Metals & Mining companies is 2.64, based on 2,637 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. PPX Mining's current Current Ratio of 0.68 is 74.2% 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 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. PPX Mining's current Current Ratio is 0.68, which is 31% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PPX Mining stock overvalued right now?
PPX Mining (SNNGF) has a current Current Ratio of 0.68. The current Current Ratio is 0.68, which is 31% above median its 10-year median of 0.52 and 74.2% below the Metals & Mining industry median of 2.64. PPX Mining's overall GF Score™ is 25/100 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 PPX Mining (SNNGF), the current Current Ratio is 0.68 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.
PPX Mining Corp is a Canadian company. It is in the business of acquiring, exploring and evaluating mineral properties in areas which is a relatively high potential for mining success. The company is also involved in developing or joint venturing of mineral properties or disposing these properties when the evaluation is completed. It mainly focuses on mining activities which are on a long-term basis. The company is in the process of exploring mineral properties in Peru. It owns a gold and silver project, Igor which is located in the Northern Peru gold belt.
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