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
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.
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.
Average
14.66
Median
10.85
Minimum
6.64
Maximum
30.30
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
| Year | Current Ratio | Change |
|---|---|---|
| 2025 | 7.57 | -46.44% |
| 2024 | 14.13 | -53.37% |
| 2023 | 30.30 | 355.97% |
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’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),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0.33 | $28.91M | |
| 6.44 | $34.68M | |
| 2.85 | $23.87M | |
| 4.55 | $38.61M | |
| 11.50 | $43.85M | |
| 0.20 | $29.81M | |
| 12.82 | $26.50M | |
| 0.02 | $22.11M | |
| 1.48 | $29.08M | |
| 0.26 | $31.61M |
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