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Bullet Exploration (TSXV:AMMO) Current Ratio : 14.85 (As of Dec. 2023)


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What is Bullet Exploration 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. Bullet Exploration's current ratio for the quarter that ended in Dec. 2023 was 14.85.

Bullet Exploration has a current ratio of 14.85. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.

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

TSXV:AMMO' s Current Ratio Range Over the Past 10 Years
Min: 0.23   Med: 1.04   Max: 14.85
Current: 14.85

During the past 5 years, Bullet Exploration's highest Current Ratio was 14.85. The lowest was 0.23. And the median was 1.04.

TSXV:AMMO's Current Ratio is ranked better than
89.16% of 2684 companies
in the Metals & Mining industry
Industry Median: 2.085 vs TSXV:AMMO: 14.85

Bullet Exploration Current Ratio Historical Data

The historical data trend for Bullet Exploration'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.

Bullet Exploration Current Ratio Chart

Bullet Exploration Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
1.04 0.48 2.14 0.23 14.85

Bullet Exploration Quarterly Data
Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.23 0.08 0.24 0.09 14.85

Competitive Comparison of Bullet Exploration's Current Ratio

For the Other Industrial Metals & Mining subindustry, Bullet Exploration'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.


Bullet Exploration's Current Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Bullet Exploration's Current Ratio falls into.



Bullet Exploration 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.

Bullet Exploration's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=0.787/0.053
=14.85

Bullet Exploration's Current Ratio for the quarter that ended in Dec. 2023 is calculated as

Current Ratio (Q: Dec. 2023 )=Total Current Assets (Q: Dec. 2023 )/Total Current Liabilities (Q: Dec. 2023 )
=0.787/0.053
=14.85

* 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.


Bullet Exploration  (TSXV:AMMO) 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.


Bullet Exploration Current Ratio Related Terms

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Bullet Exploration (TSXV:AMMO) Business Description

Traded in Other Exchanges
N/A
Address
1055 West Georgia St., Suite 2100, Vancouver, BC, CAN, V6E 3P3
Bullet Exploration Inc is engaged in mineral exploration activities. It has acquired Anita Property, which locates in British Columbia. The Property comprises seven mineral tenures totaling approximately 2,900 hectares and covers three historical mineral showings, the Al, the Cindy, and the Anita. Its other properties include Copper Canyon, which also locates in British Columbia.

Bullet Exploration (TSXV:AMMO) Headlines

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