Ionic Rare Earths Limited

Ionic Rare Earths Limitedverified

IXR.AX

Price:

$0.007

Market Cap:

$36.60M

Ionic Rare Earths Limited operates as a mineral exploration company. Its flagship project is the Makuutu rare earths project that comprises six licenses covering an area of approximately 298 square kilometers located in the eastern Uganda. The company was incorporated in 1998 and is based in West Perth, Australia.[Read more]

Industry

Gold

IPO Date

1999-12-09

Stock Exchange

ASX

Ticker

IXR.AX

The Current Ratio as of January 2025 (TTM) for Ionic Rare Earths Limited (IXR.AX) is 9.09

According to Ionic Rare Earths Limited’s latest financial reports and current stock price. The company's current Current Ratio is 9.09. This represents a change of -32.77% compared to the average of 13.52 of the last 4 quarters.

Ionic Rare Earths Limited (IXR.AX) Historical Current Ratio (quarterly & annually)

How has IXR.AX Current Ratio performed in the past?

The mean historical Current Ratio of Ionic Rare Earths Limited over the last ten years is 11.66. The current 9.09 Current Ratio has changed 7.69% with respect to the historical average. Over the past ten years (40 quarters), IXR.AX's Current Ratio was at its highest in in the June 2022 quarter at 42.65. The Current Ratio was at its lowest in in the March 2009 quarter at 0.

Quarterly (TTM)
Annual

Average

11.66

Median

6.41

Minimum

0.90

Maximum

42.65

Ionic Rare Earths Limited (IXR.AX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Ionic Rare Earths 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 = 1.10%

Maximum Annual Current Ratio = 42.65

Minimum Annual Increase = -77.28%

Minimum Annual Current Ratio = 0.90

Quarterly (TTM)
Annual
YearCurrent RatioChange
20249.09-43.37%
202316.05-62.38%
202242.6551.20%
202128.211.02%
20202.52-77.28%
201911.111.10%
20180.92-34.86%
20171.4258.13%
20160.90-76.04%
20153.7420.89%

Ionic Rare Earths Limited (IXR.AX) Average Current Ratio

How has IXR.AX Current Ratio performed in the past?

The current Current Ratio of Ionic Rare Earths Limited (IXR.AX) 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

22.60

5-year avg

19.71

10-year avg

11.66

Ionic Rare Earths Limited (IXR.AX) Current Ratio vs. Peers

How is IXR.AX’s Current Ratio compared to its peers?

Ionic Rare Earths Limited’s Current Ratio is greater than Vital Metals Limited (4.11), greater than RareX Limited (2.13), greater than Hastings Technology Metals Limited (2.25), greater than Arafura Rare Earths Limited (1.89), greater than Latin Resources Limited (1.76),

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