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Baru Gold (TSXV:BARU) Current Ratio : 0.03 (As of Nov. 2023)


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What is Baru Gold Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Baru Gold's current ratio for the quarter that ended in Nov. 2023 was 0.03.

Baru Gold has a current ratio of 0.03. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Baru Gold has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Baru Gold's Current Ratio or its related term are showing as below:

TSXV:BARU' s Current Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.14   Max: 3.24
Current: 0.03

During the past 13 years, Baru Gold's highest Current Ratio was 3.24. The lowest was 0.02. And the median was 0.14.

TSXV:BARU's Current Ratio is ranked worse than
97.01% of 2676 companies
in the Metals & Mining industry
Industry Median: 2.13 vs TSXV:BARU: 0.03

Baru Gold Current Ratio Historical Data

The historical data trend for Baru Gold's Current Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Baru Gold Current Ratio Chart

Baru Gold Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.25 1.76 0.61 0.03

Baru Gold Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 0.18 0.12 0.03 0.03

Competitive Comparison of Baru Gold's Current Ratio

For the Gold subindustry, Baru Gold's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Baru Gold's Current Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Baru Gold's Current Ratio distribution charts can be found below:

* The bar in red indicates where Baru Gold's Current Ratio falls into.



Baru Gold Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Baru Gold's Current Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Current Ratio (A: Aug. 2023 )=Total Current Assets (A: Aug. 2023 )/Total Current Liabilities (A: Aug. 2023 )
=0.229/6.891
=0.03

Baru Gold's Current Ratio for the quarter that ended in Nov. 2023 is calculated as

Current Ratio (Q: Nov. 2023 )=Total Current Assets (Q: Nov. 2023 )/Total Current Liabilities (Q: Nov. 2023 )
=0.234/7.433
=0.03

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Baru Gold  (TSXV:BARU) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Baru Gold Current Ratio Related Terms

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Baru Gold (TSXV:BARU) Business Description

Traded in Other Exchanges
Address
1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3
Baru Gold Corp is an Indonesian-based Canadian mineral exploration company. The company is building a new gold production facility in Indonesia. It is a junior gold developer with NI43-101 gold resources. Its projects include the Sangihe Gold project and the Indonesian Focus.
Executives
Shidan Murphy Director

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