DeSoto Resources Limited

DeSoto Resources Limitedverified

DES.AX

Price:

$0.215

Market Cap:

$39.49M

Desoto Resources Limited, a mineral exploration company, focuses on the acquisition and exploration of gold and lithium deposits in the Northern Territory. It holds 100% interest in the Pine Creek project that consists of six granted licenses covering an area of 1,467 square kilometers located in the Northern Territory. The company was incorporated in 2022 and is based in West Perth, Australia.

Industry

Industrial Materials

IPO Date

2022-12-15

Stock Exchange

ASX

Ticker

DES.AX

The Current Ratio as of December 2025 (TTM) for DeSoto Resources Limited (DES.AX) is 7.57

According to DeSoto Resources Limited’s latest financial reports and current stock price. The company's current Current Ratio is 7.57. This represents a change of -48.71% compared to the average of 14.75 of the last 4 quarters.

DeSoto Resources Limited (DES.AX) Historical Current Ratio (quarterly & annually)

How has DES.AX Current Ratio performed in the past?

The mean historical Current Ratio of DeSoto Resources Limited over the last ten years is 14.66. The current 7.57 Current Ratio has changed 5.06% with respect to the historical average. Over the past ten years (40 quarters), DES.AX's Current Ratio was at its highest in in the June 2022 quarter at 74.49. The Current Ratio was at its lowest in in the December 2021 quarter at 0.

Quarterly (TTM)
Annual

Average

14.66

Median

10.85

Minimum

6.64

Maximum

30.30

DeSoto Resources Limited (DES.AX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of DeSoto 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 = 355.97%

Maximum Annual Current Ratio = 30.30

Minimum Annual Increase = -53.37%

Minimum Annual Current Ratio = 6.64

Quarterly (TTM)
Annual
YearCurrent RatioChange
20257.57-46.44%
202414.13-53.37%
202330.30355.97%

DeSoto Resources Limited (DES.AX) Average Current Ratio

How has DES.AX Current Ratio performed in the past?

The current Current Ratio of DeSoto Resources Limited (DES.AX) 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

17.33

5-year avg

14.66

10-year avg

14.66

DeSoto Resources Limited (DES.AX) Current Ratio vs. Peers

How is DES.AX’s Current Ratio compared to its peers?

DeSoto Resources Limited’s Current Ratio is greater than Alara Resources Limited (0.33), greater than Coda Minerals Limited (6.44), greater than Agrimin Limited (2.85), greater than Trek Metals Limited (4.55), less than Future Battery Minerals Limited (11.50), greater than Avenira Limited (0.20), less than Southern Hemisphere Mining Limited (12.82), greater than Kaili Resources Limited (0.02), greater than Black Rock Mining Ltd (1.48), greater than Hawsons Iron Limited (0.26),

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