As of June 21, 2025, Adex Mining Inc (ADE.V) reports a Current Ratio of 3.66.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Adex Mining Inc's Current Ratio
Over recent years, Adex Mining Inc's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2022-12-31 | 3.66 |
| 2021-12-31 | 0.70 |
| 2020-12-31 | 0.40 |
| 2019-12-31 | 0.02 |
| 2018-12-31 | 0.07 |
This slight downward trend highlights how Adex Mining Inc manages its short-term assets and liabilities over time.
Comparing Adex Mining Inc's Current Ratio to Peers
To better understand Adex Mining Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Adex Mining Inc (ADE.V) | 3.66 |
| Nickel Rock Resources Inc (NICL.V) | 38.19 |
| Montero Mining and Exploration Ltd (MON.V) | 28.02 |
| Silver Range Resources Ltd (SNG.V) | 25.87 |
| Equity Metals Corp (EQTY.V) | 10.88 |
| Consolidated Woodjam Copper Corp (WCC.V) | 10.71 |
Compared to its competitors, Adex Mining Inc's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.