This POS SCAM company will go BANKRUPT!!!
Bandera Gold Ltd (TSXV:BGL)Current Ratio0.03 (As of May. 2014)
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
. Bandera Gold Ltd's current ratio for the quarter that ended in May. 2014 was 0.03.
Bandera Gold Ltd has a current ratio of 0.03. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Bandera Gold Ltd has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.TSXV:BGL' s 10-Year Current Ratio Range
Min: 0.02 Max: 45.5
Current: 0.03
0.0245.5
During the past 13 years, Bandera Gold Ltd's highestCurrent Ratio was 45.50. The lowest was 0.02. And themedian was 0.92.TSXV:BGL's Current Ratiois ranked lower than
69% of the 1795
Companies
in the Global Industrial Metals & Minerals
industry.
( Industry Median: 2.65 vs. TSXV:BGL: 0.03 )_________________________________________Definition
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.
Bandera Gold Ltd's Current Ratio for the fiscal year that ended in Nov. 2013 is calculated asCurrent Ratio (A: Nov. 2013 )=Total Current Assets
(A: Nov. 2013 )/Total Current Liabilities
(A: Nov. 2013 )
=0.073/2.237
=0.03
Bandera Gold Ltd's Current Ratio for the quarter that ended in May. 2014 is calculated asCurrent Ratio (Q: May. 2014 )=Total Current Assets
(Q: May. 2014 )/Total Current Liabilities
(Q: May. 2014 )
=0.067/2.571
=0.03
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency._________________________________________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._________________________________________Related Terms
Total Current Assets
, Total Current Liabilities
, Quick Ratio
_________________________________________Historical Data
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Bandera Gold Ltd Annual DataNov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
current ratio1.070.280.527.180.210.290.960.880.110.03
Bandera Gold Ltd Quarterly DataFeb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
current ratio0.490.560.470.110.120.090.060.030.020.03
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Bandera Gold Ltd (TSXV:BGL)Current Ratio0.03 (As of May. 2014)
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
. Bandera Gold Ltd's current ratio for the quarter that ended in May. 2014 was 0.03.
Bandera Gold Ltd has a current ratio of 0.03. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Bandera Gold Ltd has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.TSXV:BGL' s 10-Year Current Ratio Range
Min: 0.02 Max: 45.5
Current: 0.03
0.0245.5
During the past 13 years, Bandera Gold Ltd's highestCurrent Ratio was 45.50. The lowest was 0.02. And themedian was 0.92.TSXV:BGL's Current Ratiois ranked lower than
69% of the 1795
Companies
in the Global Industrial Metals & Minerals
industry.
( Industry Median: 2.65 vs. TSXV:BGL: 0.03 )_________________________________________Definition
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.
Bandera Gold Ltd's Current Ratio for the fiscal year that ended in Nov. 2013 is calculated asCurrent Ratio (A: Nov. 2013 )=Total Current Assets
(A: Nov. 2013 )/Total Current Liabilities
(A: Nov. 2013 )
=0.073/2.237
=0.03
Bandera Gold Ltd's Current Ratio for the quarter that ended in May. 2014 is calculated asCurrent Ratio (Q: May. 2014 )=Total Current Assets
(Q: May. 2014 )/Total Current Liabilities
(Q: May. 2014 )
=0.067/2.571
=0.03
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency._________________________________________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._________________________________________Related Terms
Total Current Assets
, Total Current Liabilities
, Quick Ratio
_________________________________________Historical Data
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Bandera Gold Ltd Annual DataNov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
current ratio1.070.280.527.180.210.290.960.880.110.03
Bandera Gold Ltd Quarterly DataFeb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
current ratio0.490.560.470.110.120.090.060.030.020.03
Get WordPress Plugins
for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More
)
Free 7-day Trial
* Home
About
Jobs
Advertise
Site Map
Term of Use
Privacy Policy
RSS
iPhone App
Email Alerts
Affiliate Program
FAQ
Contact Us
Chat Room
* © 2004-2014 GuruFocus.com, LLC. All Rights Reserved.
http://www.gurufocus.com/term/current_ratio/T...Gold%2BLtd
*
