As of June 14, 2025, Nio Strategic Metals Inc (NIO.V) reports a Current Ratio of 1.97.
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 Nio Strategic Metals Inc's Current Ratio
Over recent years, Nio Strategic Metals Inc's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 1.97 |
| 2023-12-31 | 2.31 |
| 2022-12-31 | 6.09 |
| 2021-12-31 | 0.60 |
| 2020-12-31 | 0.01 |
This gradual decrease highlights how Nio Strategic Metals Inc manages its short-term assets and liabilities over time.
Comparing Nio Strategic Metals Inc's Current Ratio to Peers
To better understand Nio Strategic Metals Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Nio Strategic Metals Inc (NIO.V) | 1.97 |
| Tintina Mines Ltd (TTS.V) | 41.15 |
| ExGen Resources Inc (EXG.V) | 29.59 |
| M3 Metals Corp (MT.V) | 9.20 |
| Stone Gold Inc (STG.V) | 5.01 |
| Argentina Lithium & Energy Corp (LIT.V) | 2.56 |
Compared to its competitors, Nio Strategic Metals 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.