As of May 31, 2025, 49 North Resources Inc (FNR.V) reports a Current Ratio of 0.84.
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 49 North Resources Inc's Current Ratio
Over recent years, 49 North Resources Inc's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 0.84 |
| 2023-12-31 | 0.89 |
| 2022-12-31 | 1.26 |
| 2021-12-31 | 2.45 |
| 2020-12-31 | 3.20 |
This gradual decrease highlights how 49 North Resources Inc manages its short-term assets and liabilities over time.
Comparing 49 North Resources Inc's Current Ratio to Peers
To better understand 49 North Resources Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| 49 North Resources Inc (FNR.V) | 0.84 |
| Elysee Development Corp (ELC.V) | 173.06 |
| SLR Senior Investment Corp (SUNS) | 40.90 |
| Planet Ventures Inc (PXI.V) | 15.09 |
| Western Pacific Trust Co (WP.V) | 12.33 |
| Grand Peak Capital Corp (GPK.CN) | 10.20 |
Compared to its competitors, 49 North Resources Inc's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.