Labrador Iron Ore Royalty Corporation

Labrador Iron Ore Royalty Corporationverified

LIFZF

Price:

$21.12

Market Cap:

$1.89B

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

2010-08-12

Stock Exchange

PNK

Ticker

LIFZF

The Current Ratio as of November 2024 (TTM) for Labrador Iron Ore Royalty Corporation (LIFZF) is 1.54

According to Labrador Iron Ore Royalty Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 1.54. This represents a change of -1.82% compared to the average of 1.57 of the last 4 quarters.

Labrador Iron Ore Royalty Corporation (LIFZF) Historical Current Ratio (quarterly & annually)

How has LIFZF 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 1.54 Current Ratio has changed 8.34% with respect to the historical average. Over the past ten years (40 quarters), LIFZF'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 (LIFZF) 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 (LIFZF) Average Current Ratio

How has LIFZF Current Ratio performed in the past?

The current Current Ratio of Labrador Iron Ore Royalty Corporation (LIFZF) is greater than its 3-year, greater 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 (LIFZF) Current Ratio vs. Peers

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

Labrador Iron Ore Royalty Corporation’s Current Ratio is less than Olympic Steel, Inc. (0), less than Schnitzer Steel Industries, Inc. (3.52), less than Universal Stainless & Alloy Products, Inc. (1.96), less than Outokumpu Oyj (4.38), less than Usinas Siderúrgicas de Minas Gerais S.A. (1.54), less than TimkenSteel Corporation (3.72), less than POSCO Holdings Inc. (2.64), less than Nucor Corporation (1.95), less than United States Steel Corporation (2.59), less than Reliance Steel & Aluminum Co. (1.67), less than ArcelorMittal S.A. (3.31), greater than Commercial Metals Company (1.46), less than Steel Dynamics, Inc. (3.94), less than Cleveland-Cliffs Inc. (2.39), less than null (1.85),

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