Current Ratio
Higher than 47% of Basic Materials sector peers
Updated 55h ago
Sector Performance
47th percentilePAAS
2.84x
Sector Median
2.84x
Sector Avg
5.57x
Deep Analysis
PAAS’s current ratio of 2.84x means the company has $2.84 in current assets (like cash and receivables) for every $1.00 of current liabilities due within a year, indicating a solid liquidity cushion.
This figure matches the Basic Materials sector median of 2.84x exactly, placing PAAS at the 47th percentile among peers — essentially in the middle of the pack for short-term financial health. Trend data is unavailable: the year-over-year change is listed as N/A, the quarter-over-quarter change as N/A, and no historical values beyond the current one exist to assess direction. Because the level is at the sector median with no trend to suggest improvement or deterioration, the metric alone implies neither a clear risk nor an outsized opportunity from a liquidity standpoint. This neutral liquidity position directly supports the overall NEUTRAL verdict on the stock — it neither contradicts nor amplifies the platform’s assessment.
Frequently Asked Questions
What does the Current Ratio tell investors about PAAS?
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 PAAS's Current Ratio compare to its sector?
PAAS's Current Ratio of 2.84x compares to a Basic Materials sector median of 2.84x, placing it in the 47th percentile.
Who are PAAS's closest peers by Current Ratio?
The closest Basic Materials peers by Current Ratio include: KGC (2.84x), AG (2.73x), AEM (3.15x), RGLD (3.52x), ALB (2.07x).
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.
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2.84x
Sector Median
2.84x
Sector Avg
5.57x
How PAAS's Current Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.