Royal Gold Inc (RGLD)
Current ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 202,105 | 133,498 | 193,048 | 167,426 | 163,766 | 165,249 | 189,164 | 185,833 | 181,783 | 340,340 | 258,645 | 232,083 | 297,135 | 446,322 | 450,491 | 469,825 | 362,150 | 150,577 | 136,442 | 164,210 |
| Total current liabilities | US$ in thousands | 86,323 | 122,383 | 77,145 | 72,422 | 70,847 | 63,068 | 54,998 | 63,587 | 64,476 | 64,013 | 49,543 | 60,264 | 52,083 | 62,691 | 57,154 | 56,139 | 43,555 | 49,830 | 44,130 | 32,373 |
| Current ratio | 2.34 | 1.09 | 2.50 | 2.31 | 2.31 | 2.62 | 3.44 | 2.92 | 2.82 | 5.32 | 5.22 | 3.85 | 5.71 | 7.12 | 7.88 | 8.37 | 8.31 | 3.02 | 3.09 | 5.07 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $202,105K ÷ $86,323K
= 2.34
The current ratio of Royal Gold Inc has shown fluctuations over the past several quarters, ranging from a low of 1.09 to a high of 8.37. The current ratio measures the company's ability to cover its short-term liabilities with its current assets, with a higher ratio indicating a stronger liquidity position.
In the most recent quarter, the current ratio stands at 2.34, indicating that the company has $2.34 in current assets for every $1 in current liabilities. This suggests that Royal Gold Inc has a sufficient level of current assets to meet its short-term obligations.
The current ratio has been relatively stable in the range of 2 to 3 over the past few quarters, with occasional spikes to higher levels such as 5.32 and 5.71. These higher ratios could indicate temporary increases in cash or other current assets relative to current liabilities.
Overall, the current ratio of Royal Gold Inc has generally been above 1, which is considered a healthy sign of liquidity. Investors and analysts typically look for consistent current ratios above 1 to ensure that a company can easily cover its short-term debts and obligations.