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. Balto Resources's current ratio for the quarter that ended in Dec. 2023 was 0.00.
Balto Resources 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 Balto Resources 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 Balto Resources's Current Ratio or its related term are showing as below:
During the past 13 years, Balto Resources's highest Current Ratio was 15.85. The lowest was 0.01. And the median was 0.02.
TSXV:BAL.H's Current Ratio is not ranked *
in the Metals & Mining industry.
Industry Median: 2.01 * Ranked among companies with meaningful Current Ratio only.
Balto Resources Current Ratio Historical Data
The historical data trend for Balto Resources'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.
Competitive Comparison of Balto Resources's Current Ratio
For the Other Industrial Metals & Mining subindustry, Balto Resources'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.
Balto Resources's Current Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Balto Resources's Current Ratio distribution charts can be found below:
* The bar in red indicates where Balto Resources's Current Ratio falls into.
Balto Resources 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.
Balto Resources's Current Ratio for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Balto Resources (TSXV:BAL.H) 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.
Balto Resources Current Ratio Related Terms
Thank you for viewing the detailed overview of Balto Resources's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
850 West Hastings Street, Suite 600, Vancouver, BC, CAN, V6C 1E1
Website
Balto Resources Ltd operates as a resource property development company. It engages in the process of exploration and evaluating its mineral property. The company holds the majority of the working interest in the SED Mineral claims that cover an area of more than 500 hectares located in the Kamloops Mining Division, British Columbia.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSXV:BAL.H has been successfully added to your 