Current Ratio in % of FORMATION MINERALS, INC. from Q3 2022 to Q3 2023

Taxonomy & unit
ratio: %
Description
The current ratio is a liquidity ratio that measures a company's ability to cover its short-term obligations with its current assets.
Summary
FORMATION MINERALS, INC. quarterly Current Ratio history and change rate from Q3 2022 to Q3 2023.
  • FORMATION MINERALS, INC. Current Ratio for the quarter ending 31 Oct 2023 was 3.45 %, a 90.7% decline year-over-year.
Current Ratio, Quarterly (%)
Current Ratio, YoY Quarterly Change (%)

FORMATION MINERALS, INC. Quarterly Current Ratio (%)

Period Value YoY Chg Change % Date
Q3 2023 3.45 -33.5 -90.7% 31 Oct 2023
Q2 2023 7.21 31 Jul 2023
Q1 2023 14.5 30 Apr 2023
Q4 2022 26.7 31 Jan 2023
Q3 2022 36.9 31 Oct 2022
* An asterisk sign (*) next to the value indicates that the value is likely invalid.