Current Ratio
Updated 152h ago
Sector Performance
85th percentileNEM
2.44x
Sector Median
1.20x
Sector Avg
2.57x
Deep Analysis
The current ratio of 2.44x means that for every $1 of short-term liabilities, NEM holds $2.44 in current assets, indicating a strong ability to cover debts due within a year.
Among sector peers, this ratio is well above the median of 1.20x, placing NEM in the 85th percentile. The trend direction is not available because year-over-year and quarter-over-quarter changes are both listed as N/A, and no historical values beyond the current figure are provided. The high liquidity level suggests low near-term default risk, but the absence of trend data prevents any conclusion about whether this position is improving or weakening. This metric supports the overall NEUTRAL verdict because the strong ratio is a positive factor, yet the lack of trend information and other unknown elements keep the outlook balanced rather than bullish or bearish.
Frequently Asked Questions
What does the Current Ratio tell investors about NEM?
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.
Who are NEM's closest peers by Current Ratio?
The closest peers by Current Ratio include: SPG (0.41x), CHTR (0.40x), USB (0.40x), GEN (0.40x), DRI (0.39x).
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.
Master NEM's Valuation
Get the complete institutional research report covering all fundamental and technical metrics.
View full NEM research report →NEM
2.44x
Sector Median
1.20x
Sector Avg
2.57x
How NEM's Current Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.