Snow Lake Resources (LITM) Current Ratio
Price: $0.4928
Market Cap: $45.88M
Avg Volume: 23.59M
Market Cap: $45.88M
Avg Volume: 23.59M
Country: CA
Industry: Industrial Materials
Sector: Basic Materials
Industry: Industrial Materials
Sector: Basic Materials
Snow Lake Resources Current Ratio
- Annual: 1.69
- Quarterly: 1.76
- TTM: 1.76
What is the Current Ratio?
The current ratio is a liquidity ratio that measures a company's ability to pay off its short-term liabilities with its short-term assets. A higher current ratio indicates a greater ability to meet short-term obligations.
Related Metrics
Other important metrics to assess Snow Lake Resources's financial health include:
- Quick Ratio - measures the company's ability to meet short-term obligations with its most liquid assets:
- Annual: 1.69
- Quarterly: 1.76
- TTM: 1.76
- Cash Ratio - measures the company's ability to pay off short-term liabilities with cash and cash equivalents:
- Annual: 1.30
- Quarterly: 2.10
- TTM: 2.10
These metrics provide insights into Snow Lake Resources's financial health and its ability to meet short-term obligations. Comparing these ratios with industry benchmarks can offer a deeper understanding of the company's performance.
Annual Current Ratio
1.69
Quarterly Current Ratio
1.76
TTM Current Ratio
1.76
Snow Lake Resources Historical Current Ratio
Historical Quick Ratio
Historical Cash Ratio
Snow Lake Resources Historical Ratios
The table below shows various financial metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Current Ratio | Quick Ratio | Cash Ratio |
|---|---|---|---|
| 2024 | 1.69 | 1.69 | 1.30 |
| 2023 | 1.61 | 1.61 | 1.25 |
| 2022 | 14.05 | 14.05 | 13.36 |
| 2021 | 0.29 | 0.24 | 0.23 |
| 2020 | 0.45 | 0.45 | 0.42 |
| 2019 | 1.50 | 1.46 | 1.40 |
Related Metrics
Explore detailed financial metrics and analysis for LITM.