Labrador Iron Ore Royalty Corporation

Labrador Iron Ore Royalty Corporationverified

LIF.TO

Price:

$30.56

Market Cap:

$1.96B

Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that produces and processes iron ores at Labrador City, Newfoundland and Labrador. The company's primary products include standard and low silica acid, flux, direct reduction pellets, and iron ore concentrate, as well as seaborne iron ore pellets. The company was formerly known as Labrador Iron Ore Royalty Income Fund and changed its name to Labrador Iron Ore Royalty Corporation in July 2010. Labrador Iron Ore Royalty Corporation is based in Toronto, Canada.[Read more]

Industry

Steel

IPO Date

2008-07-25

Stock Exchange

TSX

Ticker

LIF.TO

The Current Ratio as of November 2024 (TTM) for Labrador Iron Ore Royalty Corporation (LIF.TO) is 1.35

According to Labrador Iron Ore Royalty Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 1.35. This represents a change of -11.49% compared to the average of 1.52 of the last 4 quarters.

Labrador Iron Ore Royalty Corporation (LIF.TO) Historical Current Ratio (quarterly & annually)

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

The mean historical Current Ratio of Labrador Iron Ore Royalty Corporation over the last ten years is 1.82. The current 1.35 Current Ratio has changed 7.30% with respect to the historical average. Over the past ten years (40 quarters), LIF.TO's Current Ratio was at its highest in in the December 2016 quarter at 2.61. The Current Ratio was at its lowest in in the September 2021 quarter at 1.13.

Quarterly (TTM)
Annual

Average

1.82

Median

1.67

Minimum

1.23

Maximum

2.61

Labrador Iron Ore Royalty Corporation (LIF.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Labrador Iron Ore Royalty Corporation 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 = 57.02%

Maximum Annual Current Ratio = 2.61

Minimum Annual Increase = -46.70%

Minimum Annual Current Ratio = 1.23

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.679.05%
20221.5319.25%
20211.294.45%
20201.23-7.21%
20191.33-46.70%
20182.4949.36%
20171.67-36.17%
20162.6118.01%
20152.211.80%
20142.1857.02%

Labrador Iron Ore Royalty Corporation (LIF.TO) Average Current Ratio

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

The current Current Ratio of Labrador Iron Ore Royalty Corporation (LIF.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

1.50

5-year avg

1.41

10-year avg

1.82

Labrador Iron Ore Royalty Corporation (LIF.TO) Current Ratio vs. Peers

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

Labrador Iron Ore Royalty Corporation’s Current Ratio is greater than Keyera Corp. (1.30), less than Russel Metals Inc. (3.85), less than Freehold Royalties Ltd. (2.05), greater than Capital Power Corporation (1.05), less than Exchange Income Corporation (1.77),

Build a custom stock screener for Labrador Iron Ore Royalty Corporation (LIF.TO) and other stocks

One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Labrador Iron Ore Royalty Corporation using the financials and key metrics that matter to you in a single view.

The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:

Custom stock screener in Wisesheets

Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.

Get your free trial here.

Labrador Iron Ore Royalty Corporation (LIF.TO) and other stocks custom spreadsheet templates

The easiest way to analyze a company like Labrador Iron Ore Royalty Corporation or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.

Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.

Custom stock templates in Wisesheets

Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.

Frequently asked questions❓

What is the Current Ratio?

How can you use the Current Ratio?

What is Labrador Iron Ore Royalty Corporation's Current Ratio?

How is the Current Ratio calculated for Labrador Iron Ore Royalty Corporation (LIF.TO)?

What is the highest Current Ratio for Labrador Iron Ore Royalty Corporation (LIF.TO)?

What is the 3-year average Current Ratio for Labrador Iron Ore Royalty Corporation (LIF.TO)?

What is the 5-year average Current Ratio for Labrador Iron Ore Royalty Corporation (LIF.TO)?

How does the current Current Ratio for Labrador Iron Ore Royalty Corporation (LIF.TO) compare to its historical average?