Fortescue Metals Group Limited

Fortescue Metals Group Limitedverified

FSUMF

Price:

$11.95

Market Cap:

$36.76B

Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It also explores for copper and gold deposits. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia. It is also developing the Eliwana mine situated in the Pilbara region of Western Australia. In addition, the company holds a portfolio of properties situated in Ecuador, Argentina, Colombia, Peru, Chile, and Br...[Read more]

Industry

Industrial Materials

IPO Date

2008-06-24

Stock Exchange

PNK

Ticker

FSUMF

The Current Ratio as of September 2024 (TTM) for Fortescue Metals Group Limited (FSUMF) is 2.67

According to Fortescue Metals Group Limited’s latest financial reports and current stock price. The company's current Current Ratio is 2.67. This represents a change of -1.33% compared to the average of 2.70 of the last 4 quarters.

Fortescue Metals Group Limited (FSUMF) Historical Current Ratio (quarterly & annually)

How has FSUMF Current Ratio performed in the past?

The mean historical Current Ratio of Fortescue Metals Group Limited over the last ten years is 2.00. The current 2.67 Current Ratio has changed 13.24% with respect to the historical average. Over the past ten years (40 quarters), FSUMF's Current Ratio was at its highest in in the June 2011 quarter at 3.13. The Current Ratio was at its lowest in in the January 2010 quarter at 0.

Quarterly (TTM)
Annual

Average

2.00

Median

2.17

Minimum

1.18

Maximum

2.85

Fortescue Metals Group Limited (FSUMF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Fortescue Metals Group 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 = 65.04%

Maximum Annual Current Ratio = 2.85

Minimum Annual Increase = -29.07%

Minimum Annual Current Ratio = 1.18

Quarterly (TTM)
Annual
YearCurrent RatioChange
20242.678.15%
20232.47-13.59%
20222.8523.62%
20212.312.49%
20202.2565.04%
20191.372.51%
20181.3312.57%
20171.18-20.22%
20161.48-29.07%
20152.0952.70%

Fortescue Metals Group Limited (FSUMF) Average Current Ratio

How has FSUMF Current Ratio performed in the past?

The current Current Ratio of Fortescue Metals Group Limited (FSUMF) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.66

5-year avg

2.51

10-year avg

2.00

Fortescue Metals Group Limited (FSUMF) Current Ratio vs. Peers

How is FSUMF’s Current Ratio compared to its peers?

Fortescue Metals Group Limited’s Current Ratio is less than IGO Limited (5.85), less than Québec Nickel Corp. (9.54), less than Nickel Industries Limited (3.59), greater than Mineral Resources Limited (1.07), less than Surge Copper Corp. (4.53), greater than ZincX Resources Corp. (0.57), greater than Mundoro Capital Inc. (2.24), greater than Strategic Resources Inc. (1.13), greater than Norra Metals Corp. (0), less than E79 Resources Corp. (25.51), less than IGO Limited (5.85), greater than Grid Metals Corp. (1.44), greater than Century Cobalt Corp. (0), greater than Lithium Australia Limited (0.55), greater than Latin Metals Inc. (0.45), less than Anglo American plc (0), greater than Lithium Corporation (1.98), greater than null (1.59),

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