As of June 4, 2025, Xtra Gold Resources Corp (XTG.TO) reports a Current Ratio of 6.40.
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 Xtra Gold Resources Corp's Current Ratio
Over recent years, Xtra Gold Resources Corp's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 6.40 |
| 2023-12-31 | 6.77 |
| 2022-12-31 | 7.24 |
| 2021-12-31 | 8.13 |
| 2020-12-31 | 18.00 |
This slight upward trend highlights how Xtra Gold Resources Corp manages its short-term assets and liabilities over time.
Comparing Xtra Gold Resources Corp's Current Ratio to Peers
To better understand Xtra Gold Resources Corp's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Xtra Gold Resources Corp (XTG.TO) | 6.40 |
| Rhyolite Resources Ltd (RYE.V) | 117.08 |
| Royal Road Minerals Ltd (RYR.V) | 27.04 |
| West Vault Mining Inc (WVM.V) | 15.67 |
| New Oroperu Resources Inc (ORO.V) | 14.98 |
| AEX Gold Inc (AEX.V) | 13.16 |
Compared to its competitors, Xtra Gold Resources Corp's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.