Allkem Limited

Allkem Limitedverified

AKE.TO

Price:

$8.86

Market Cap:

$4.19B

Allkem Limited engages in the production and sale of lithium and boron in Argentina. Its flagship project is the Olaroz Lithium Facility located in Jujuy province in northern Argentina. The company was incorporated in 2005 and is headquartered in Brisbane, Australia.[Read more]

Industry

Industrial Materials

IPO Date

2010-06-18

Stock Exchange

TSX

Ticker

AKE.TO

The Current Ratio as of September 2024 (TTM) for Allkem Limited (AKE.TO) is 2.52

According to Allkem Limited’s latest financial reports and current stock price. The company's current Current Ratio is 2.52. This represents a change of -5.20% compared to the average of 2.65 of the last 4 quarters.

Allkem Limited (AKE.TO) Historical Current Ratio (quarterly & annually)

How has AKE.TO Current Ratio performed in the past?

The mean historical Current Ratio of Allkem Limited over the last ten years is 7.61. The current 2.52 Current Ratio has changed 3.21% with respect to the historical average. Over the past ten years (40 quarters), AKE.TO's Current Ratio was at its highest in in the December 2017 quarter at 165.20. The Current Ratio was at its lowest in in the March 2011 quarter at 0.

Quarterly (TTM)
Annual

Average

7.61

Median

3.61

Minimum

1.37

Maximum

42.57

Allkem Limited (AKE.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Allkem Limited Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 389.13%

Maximum Annual Current Ratio = 42.57

Minimum Annual Increase = -92.32%

Minimum Annual Current Ratio = 1.37

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.52-32.70%
20223.74-13.67%
20214.33101.57%
20202.15-34.33%
20193.27-92.32%
201842.57389.13%
20178.70121.24%
20163.93186.35%
20151.37-60.63%
20143.4947.87%

Allkem Limited (AKE.TO) Average Current Ratio

How has AKE.TO Current Ratio performed in the past?

The current Current Ratio of Allkem Limited (AKE.TO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

3.53

5-year avg

3.20

10-year avg

7.61

Allkem Limited (AKE.TO) Current Ratio vs. Peers

How is AKE.TO’s Current Ratio compared to its peers?

Allkem Limited’s Current Ratio is greater than Sigma Lithium Corporation (1.05), greater than Patriot Battery Metals Inc. (2.29), greater than Standard Lithium Ltd. (1.69), less than Frontier Lithium Inc. (4.62), less than Critical Elements Lithium Corporation (16.71),

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