As of June 10, 2025, Argonaut Gold Inc (AR.TO) reports a Current Ratio of 1.32.
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 Argonaut Gold Inc's Current Ratio
Over recent years, Argonaut Gold Inc's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2023-12-31 | 1.32 |
| 2022-12-31 | 1.61 |
| 2021-12-31 | 2.04 |
| 2020-12-31 | 3.82 |
| 2019-12-31 | 2.92 |
This gradual decrease highlights how Argonaut Gold Inc manages its short-term assets and liabilities over time.
Comparing Argonaut Gold Inc's Current Ratio to Peers
To better understand Argonaut Gold Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Argonaut Gold Inc (AR.TO) | 1.32 |
| GCM Mining Corp (GCM.TO) | 5.94 |
| Fiore Gold Ltd (F.V) | 4.73 |
| Osisko Gold Royalties Ltd (OR.TO) | 4.37 |
| Dynacor Group Inc (DNG.TO) | 3.88 |
| Wesdome Gold Mines Ltd (WDO.TO) | 3.44 |
Compared to its competitors, Argonaut Gold Inc's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.