AEMNEUTRAL

AEM Current Ratio Analysis

3.15x

Higher than 60% of Basic Materials sector peers

Updated 1680h ago·SEC filings & market data

Key Takeaway

A current ratio of 3.15x means Agnico Eagle has $3.15 in short-term assets for every $1 in short-term liabilities, indicating it can easily cover upcoming bills.

Sector Performance

60th percentile

AEM

3.15x

Sector Median

2.84x

Sector Avg

5.57x

📊

Deep Analysis

A current ratio of 3.15x means Agnico Eagle has $3.15 in short-term assets for every $1 in short-term liabilities, indicating it can easily cover upcoming bills.

This ratio sits above the sector median of 2.84x for Basic Materials, placing the company in the 60th percentile among peers. Because both the year-over-year and quarter-over-quarter changes are marked as N/A, and no trend data is available for the last eight quarters, there is no historical direction to assess. The combination of a high current ratio with an absence of trend data suggests stable short-term liquidity but provides no insight into whether that strength is improving or weakening. This high level of liquidity reduces near-term financial risk but without a trend, it offers limited forward-looking opportunity. The metric generally supports the overall NEUTRAL verdict, as the above-average but unremarkable current ratio does not signal either an obvious strength or weakness relative to peers.

Frequently Asked Questions

What does the Current Ratio tell investors about AEM?

Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.

How is the Current Ratio calculated?

Current Ratio is calculated as: Current Assets / Current Liabilities.

How does AEM's Current Ratio compare to its sector?

AEM's Current Ratio of 3.15x compares to a Basic Materials sector median of 2.84x, placing it in the 60th percentile.

Who are AEM's closest peers by Current Ratio?

The closest Basic Materials peers by Current Ratio include: PAAS (2.84x), KGC (2.84x), AG (2.73x), RGLD (3.52x), ALB (2.07x).

📚

Learn More About Current Ratio

Why Working Capital Management Matters More Than You Think

Working capital is more than current assets minus liabilities. Learn why working capital matters for liquidity, efficiency, and competitive advantage, with real data from AMZN, COST, HD, and XOM.

The Formula

Current Assets / Current Liabilities

Why It Matters

Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.