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Current Ratio for Lithium Royalty Corp

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LIRC: Lithium Royalty Corp

Lithium Royalty Corp. operates as a lithium-focused royalty company in Australia, Canada, South America, and the United States. Its royalty portfolio consists of 35 royalties, including 3 properties i...

5.09 CAD
Price
CAD
Fair Value
Upside
3.56 - 7.86
52-week range

Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on Lithium Royalty Corp's Current Ratio:

Dec 2016Dec 2018Dec 2020Dec 2022Dec 20240.0x10.0x20.0x30.0x

Performance Summary
  • Lithium Royalty's latest twelve months current ratio is 12.2x
  • Lithium Royalty's current ratio for fiscal years ending December 2020 to 2024 averaged 14.9x.
  • Lithium Royalty's operated at median current ratio of 12.2x from fiscal years ending December 2020 to 2024.
  • Looking back at the last 5 years, Lithium Royalty's current ratio peaked in December 2020 at 28.3x.
  • Lithium Royalty's current ratio hit its 5-year low in December 2022 of 5.5x.
  • Lithium Royalty's current ratio decreased in 2021 (20.9x, -26.4%) and 2022 (5.5x, -73.5%) and increased in 2020 (28.3x, +134.8%), 2023 (7.5x, +36.0%), and 2024 (12.2x, +62.9%).

How does Lithium Royalty's Current Ratio benchmark against competitors?

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We've identified the following companies as similar to Lithium Royalty Corp because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Metric Usage: Current Ratio

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current_ratio
Slug
number
Datatype
text
Format
current
Default Period
FY, Q, LTM, YTD
Periods Supported
Free
Plan

To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Current Ratio in the risk category include:

  • Net Debt / EBITDA - A ratio that is calculated as net debt divided by EBITDA.
  • EBITDA Interest Coverage Ratio - A ratio used to assess a firm's ability to pay interest expenses based on EBITDA.
  • FCF / Net Income - This data item measures the ratio of levered free cash flow to net income to common, excluding extra items. It is a quick and helpful check on the quality of earnings.
  • EBITDA less CapEx Interest Coverage Ratio - A ratio used to assess a firm's ability to pay interest expenses based on EBITDA less Capital Expenditures.
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Current Ratio

A ratio that compares a company's current total assets to its current total liabilities.

Definition of Current Ratio

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Current Ratio measures whether a firm is capitalized with enough assets to pay its debts over the next twelve months by comparing a firm’s current assets to its current liabilities.

Current Ratio is defined as:

Current Ratio = Current Assets / Current Liabilities

Current Ratio for Lithium Royalty is calculated as follows:

Current Assets [ 52.302 M ]
(/) Current Liabilities [ 4.273 M ]
(=) Current Ratio [ 12.2x ]

The tables below summarizes the trend in Lithium Royalty’s Current Ratio over the last five years:

Fiscal Year Current Assets Current Liabilities Current Ratio
2020-12-31 7.273 M 256.712 T 28.3x
2021-12-31 20.461 M 980.721 T 20.9x
2022-12-31 52.357 M 9.476 M 5.5x
2023-12-31 19.042 M 2.535 M 7.5x
2024-12-31 52.302 M 4.273 M 12.2x

The tables below summarizes the trend in Lithium Royalty’s current ratio over the last four quarters:

Quarter Ending Current Assets Current Liabilities Current Ratio
2024-03-31 15.43 M 1.317 M 11.7x
2024-06-30 16.191 M 1.981 M 8.2x
2024-09-30 12.073 M 3.47 M 3.5x
2024-12-31 52.302 M 4.273 M 12.2x

While ratios vary by industry and circumstances, healthy companies generally have ratios between 1.5 and 3.

A high current ratio is not necessarily a good thing. The company may be inefficiently using its current assets or short-term financing facilities.

While a low current ratio (values less than 1) may indicate that a firm is having difficulty meeting current obligations, it may also reflect the organizations ability to borrow against good prospects to meet current obligations. Strong businesses that can turn inventory faster than due dates on their accounts payable may also have a current ratio less than one.


Click the link below to download a spreadsheet with an example Current Ratio calculation for Lithium Royalty Corp below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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0.9x15.9x30.9x50.2x0200400600

The chart above depicts the distribution of current ratio for companies operating in the Materials sector in the Developed economic region. Over 3,190 companies were considered in this analysis, and 3,069 had meaningful values. The average current ratio of companies in the sector is 4.2x with a standard deviation of 6.8x.

Lithium Royalty Corp's Current Ratio of 12.2x ranks in the 91.0% percentile for the sector. The following table provides additional summary stats:

Current Ratio In The Materials Sector
Economic Risk RegionDeveloped
Total Constituents3,197
Included Constituents3,069
Min0.0x
Max49.9x
Median1.8x
Mean4.2x
Standard Deviation6.8x

You can find companies with similar current ratio using this stock screener.

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