As of June 12, 2025, Indigenous Roots Corp (IRCC) reports a Current Ratio of 0.32.
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 Indigenous Roots Corp's Current Ratio
Over recent years, Indigenous Roots Corp's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2021-08-31 | 0.32 |
| 2020-08-31 | 0.03 |
| 2019-08-31 | 0.35 |
| 2018-08-31 | - |
| 2017-08-31 | 0.00 |
This slight upward trend highlights how Indigenous Roots Corp manages its short-term assets and liabilities over time.
Comparing Indigenous Roots Corp's Current Ratio to Peers
To better understand Indigenous Roots Corp's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Indigenous Roots Corp (IRCC) | 0.32 |
| Myriad Metals Corp (MMC.CN) | 48.60 |
| Edgemont Gold Corp (EDGM.CN) | 36.17 |
| Prophecy Potash Corp (NUGT.CN) | 29.30 |
| Inomin Mines Inc (MINE.V) | 9.06 |
| Provenance Gold Corp (PAU.CN) | 3.62 |
Compared to its competitors, Indigenous Roots Corp's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.