Thungela Resources Limited

Thungela Resources Limitedverified

TNGRF

Price:

$6.15

Market Cap:

$825.84M

Thungela Resources Limited engages in the mining and production of thermal coal in South Africa. The company owns interests in and produces its thermal coal from seven mining operations in the Mpumalanga province of South Africa, including Goedehoop colliery, Greenside colliery, Isibonelo colliery, Khwezela colliery, Zibulo colliery, Mafube colliery, and Rietvlei colliery. It also exports its products to Indian, Asian, SEA, the Middle East, and North African markets. The company was founded in 1945 and is based in Johannesburg, South Africa.[Read more]

Industry

Coal

IPO Date

2021-06-16

Stock Exchange

PNK

Ticker

TNGRF

The Current Ratio as of September 2024 (TTM) for Thungela Resources Limited (TNGRF) is 2.26

According to Thungela Resources Limited’s latest financial reports and current stock price. The company's current Current Ratio is 2.26. This represents a change of 12.26% compared to the average of 2.01 of the last 4 quarters.

Thungela Resources Limited (TNGRF) Historical Current Ratio (quarterly & annually)

How has TNGRF Current Ratio performed in the past?

The mean historical Current Ratio of Thungela Resources Limited over the last ten years is 2.12. The current 2.26 Current Ratio has changed 10.59% with respect to the historical average. Over the past ten years (40 quarters), TNGRF's Current Ratio was at its highest in in the September 2022 quarter at 4.45. The Current Ratio was at its lowest in in the June 2024 quarter at 0.

Quarterly (TTM)
Annual

Average

2.12

Median

1.27

Minimum

0.95

Maximum

4.45

Thungela Resources Limited (TNGRF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Thungela Resources 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 = 203.47%

Maximum Annual Current Ratio = 4.45

Minimum Annual Increase = -49.18%

Minimum Annual Current Ratio = 0.95

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.26-49.18%
20224.4515.78%
20213.84203.47%
20201.2725.02%
20191.01-1.72%
20181.038.68%

Thungela Resources Limited (TNGRF) Average Current Ratio

How has TNGRF Current Ratio performed in the past?

The current Current Ratio of Thungela Resources Limited (TNGRF) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

3.52

5-year avg

2.57

10-year avg

2.12

Thungela Resources Limited (TNGRF) Current Ratio vs. Peers

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

Thungela Resources Limited’s Current Ratio is less than PT Adaro Energy Indonesia Tbk (2.28), less than Geo Energy Resources Limited (3.14), greater than PT Bukit Asam Tbk (1.15), greater than TerraCom Limited (0.65), less than New Hope Corporation Limited (4.07), less than Yancoal Australia Ltd (2.59), greater than Whitehaven Coal Limited (0.71), less than PT Indo Tambangraya Megah Tbk (4.38), greater than Yankuang Energy Group Company Limited (0.91), less than Exxaro Resources Limited (4.29),

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