As of June 20, 2025, Ikonics Corp (IKNX) reports a Current Ratio of 2.17.
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 Ikonics Corp's Current Ratio
Over recent years, Ikonics Corp's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2020-12-31 | 2.17 |
| 2019-12-31 | 4.50 |
| 2018-12-31 | 6.89 |
| 2017-12-31 | 9.40 |
| 2016-12-31 | 6.91 |
This slight downward trend highlights how Ikonics Corp manages its short-term assets and liabilities over time.
Comparing Ikonics Corp's Current Ratio to Peers
To better understand Ikonics Corp's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Ikonics Corp (IKNX) | 2.17 |
| EcoSynthetix Inc (ECO.TO) | 19.31 |
| Lightwave Logic Inc (LWLG) | 15.75 |
| Chase Corp (CCF) | 12.36 |
| Danimer Scientific Inc (DNMR) | 6.87 |
| FutureFuel Corp (FF) | 4.95 |
Compared to its competitors, Ikonics Corp's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.