As of May 27, 2025, Freeport-McMoRan Inc (FCX) reports a Current Ratio of 2.42.
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 Freeport-McMoRan Inc's Current Ratio
Over recent years, Freeport-McMoRan Inc's Current Ratio has shown a moderate pattern. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 2.42 |
| 2023-12-31 | 2.42 |
| 2022-12-31 | 2.46 |
| 2021-12-31 | 2.52 |
| 2020-12-31 | 2.72 |
This slight downward trend highlights how Freeport-McMoRan Inc manages its short-term assets and liabilities over time.
Comparing Freeport-McMoRan Inc's Current Ratio to Peers
To better understand Freeport-McMoRan Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Freeport-McMoRan Inc (FCX) | 2.42 |
| Wheaton Precious Metals Corp (WPM.TO) | 28.07 |
| Marimaca Copper Corp (MARI.TO) | 9.08 |
| Barrick Gold Corp (ABX.TO) | 2.89 |
| Teck Resources Ltd (TECK) | 2.88 |
| Southern Copper Corp (SCCO) | 2.75 |
Compared to its competitors, Freeport-McMoRan Inc's Current Ratio is among the highest compared to peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.