International Tower Hill Mines has a current ratio of 6.42. 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 International Tower Hill Mines's Current Ratio or its related term are showing as below:
THM'
s Current Ratio Range Over the Past 10 Years
Min: 1.5 Med: 13.31 Max: 26.82
Current: 6.43
During the past 13 years, International Tower Hill Mines's highest Current Ratio was 26.82. The lowest was 1.50. And the median was 13.31.
THM's Current Ratio is ranked better than 77.76% of 2617
companies
in the Metals & Mining industry
Industry Median: 1.82
vs THM: 6.43
International Tower Hill Mines 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.
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International Tower Hill Mines Current Ratio Chart
Competitive Comparison of International Tower Hill Mines's Current Ratio
For the Gold subindustry, International Tower Hill Mines'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.
International Tower Hill Mines's Current Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, International Tower Hill Mines's Current Ratio distribution charts can be found below:
* The bar in red indicates where International Tower Hill Mines'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.
International Tower Hill Mines (AMEX:THM) 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.
International Tower Hill Mines Current Ratio Related Terms
Thank you for viewing the detailed overview of International Tower Hill Mines's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
International Tower Hill Mines Business Description
International Tower Hill Mines Ltd is a mining company. It is engaged in the acquisition, exploration, and development of mineral properties. The company holds interests in an exploration project namely the Livengood Gold Project. It is located in northwest of Fairbanks, Alaska in the Tolovana mining district within the Tintina gold belt. The project property consists of land leased from the Alaska Mental Health Trust, several smaller private mineral leases, Alaska state mining claims purchased or located by the company, and the patented ground held by the company.
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