As of June 15, 2025, Neo Lithium Corp (NLC.V) reports a Current Ratio of 11.21.
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 Neo Lithium Corp's Current Ratio
Over recent years, Neo Lithium Corp's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2020-12-31 | 11.21 |
| 2019-12-31 | 30.04 |
| 2018-12-31 | 23.44 |
| 2017-12-31 | 27.45 |
| 2016-12-31 | 16.95 |
This fluctuation highlights how Neo Lithium Corp manages its short-term assets and liabilities over time.
Comparing Neo Lithium Corp's Current Ratio to Peers
To better understand Neo Lithium Corp's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Neo Lithium Corp (NLC.V) | 11.21 |
| RecycLiCo Battery Materials Inc (AMY.V) | 217.51 |
| Millennial Lithium Corp (ML.V) | 55.37 |
| Trilogy Metals Inc (TMQ.TO) | 32.84 |
| Western Copper and Gold Corp (WRN.TO) | 22.18 |
| Prime Mining Corp (PRYM.V) | 19.90 |
Compared to its competitors, Neo Lithium Corp's Current Ratio is among the highest compared to peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.