Tree Island Steel Ltd.

Tree Island Steel Ltd.verified

TSL.TO

Price:

$2.77

Market Cap:

$72.18M

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers industrial products, such as pulp and unitizing, recycling wire, chain link, upholstery, low carbon, and shaped wires, as well as straight and cut bars and wirelines for use in the oil industry. The company also provides residential products, including bulk and collated nails, packaged nails and fasteners, and packaged and bulk screws; nail head identification systems; and woven and welded wires, and corners and accessories. In addition, it offers commercial products comp...[Read more]

Industry

Steel

IPO Date

2003-10-09

Stock Exchange

TSX

Ticker

TSL.TO

The Current Ratio as of November 2024 (TTM) for Tree Island Steel Ltd. (TSL.TO) is 5.39

According to Tree Island Steel Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 5.39. This represents a change of -8.56% compared to the average of 5.90 of the last 4 quarters.

Tree Island Steel Ltd. (TSL.TO) Historical Current Ratio (quarterly & annually)

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

The mean historical Current Ratio of Tree Island Steel Ltd. over the last ten years is 2.92. The current 5.39 Current Ratio has changed 18.35% with respect to the historical average. Over the past ten years (40 quarters), TSL.TO's Current Ratio was at its highest in in the September 2023 quarter at 6.37. The Current Ratio was at its lowest in in the September 2019 quarter at 1.36.

Quarterly (TTM)
Annual

Average

2.92

Median

2.41

Minimum

1.43

Maximum

6.15

Tree Island Steel Ltd. (TSL.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Tree Island Steel Ltd. 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 = 137.07%

Maximum Annual Current Ratio = 6.15

Minimum Annual Increase = -16.61%

Minimum Annual Current Ratio = 1.43

Quarterly (TTM)
Annual
YearCurrent RatioChange
20236.1516.36%
20225.2984.46%
20212.87-8.65%
20203.14-7.14%
20193.38137.07%
20181.43-12.54%
20171.63-16.61%
20161.959.22%
20151.7912.07%
20141.6019.00%

Tree Island Steel Ltd. (TSL.TO) Average Current Ratio

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

The current Current Ratio of Tree Island Steel Ltd. (TSL.TO) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

4.77

5-year avg

4.16

10-year avg

2.92

Tree Island Steel Ltd. (TSL.TO) Current Ratio vs. Peers

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

Tree Island Steel Ltd.’s Current Ratio is greater than Supremex Inc. (2.14), greater than Conifex Timber Inc. (1.85), greater than Stelco Holdings Inc. (1.85), greater than Exco Technologies Limited (2.80), greater than Taiga Building Products Ltd. (3.73),

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