Laurentian Bank of Canada

Laurentian Bank of Canadaverified

LB.TO

Price:

$27.95

Market Cap:

$1.23B

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The company offers notice, demand, and term deposits; commercial, residential mortgage, and personal loans; real estate, and equipment and inventory financing; and credit life and disability insurance products. It also provides investment securities services; research, market analysis, and advisory services; corporate underwriting services for debt and equity; and administrative, foreign exchange, and trustee services. The...[Read more]

Industry

Banks - Regional

IPO Date

1995-01-12

Stock Exchange

TSX

Ticker

LB.TO

The Current Ratio as of September 2024 (TTM) for Laurentian Bank of Canada (LB.TO) is 0.16

According to Laurentian Bank of Canada’s latest financial reports and current stock price. The company's current Current Ratio is 0.16. This represents a change of -76.05% compared to the average of 0.69 of the last 4 quarters.

Laurentian Bank of Canada (LB.TO) Historical Current Ratio (quarterly & annually)

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

The mean historical Current Ratio of Laurentian Bank of Canada over the last ten years is 2.60. The current 0.16 Current Ratio has changed 530.80% with respect to the historical average. Over the past ten years (40 quarters), LB.TO's Current Ratio was at its highest in in the October 2015 quarter at 4.86. The Current Ratio was at its lowest in in the January 2015 quarter at 0.

Quarterly (TTM)
Annual

Average

2.60

Median

2.86

Minimum

1.12

Maximum

4.86

Laurentian Bank of Canada (LB.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Laurentian Bank of Canada 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 = 116.57%

Maximum Annual Current Ratio = 4.86

Minimum Annual Increase = -62.53%

Minimum Annual Current Ratio = 1.12

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.63-36.94%
20222.59116.57%
20211.206.63%
20201.12-12.12%
20191.28-62.53%
20183.408.90%
20173.13-2.81%
20163.22-33.81%
20154.8634.52%
20143.6111.31%

Laurentian Bank of Canada (LB.TO) Average Current Ratio

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

The current Current Ratio of Laurentian Bank of Canada (LB.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

1.81

5-year avg

1.56

10-year avg

2.60

Laurentian Bank of Canada (LB.TO) Current Ratio vs. Peers

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

Laurentian Bank of Canada’s Current Ratio is less than Canadian Western Bank (0.76), less than National Bank of Canada (0.86), less than Canadian Imperial Bank of Commerce (1.80), less than Great-West Lifeco Inc. (11.38), less than Power Corporation of Canada (8.69),

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Frequently asked questions❓

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