GBM Resources Limited

GBM Resources Limited - Current Ratioverified

GBM.AX

Price:

$0.023

Market Cap:

$112.89M

GBM Resources Limited is an Australian company primarily focused on the exploration and development of mineral resources. Its operations are structured into two key segments: mineral exploration and mineral production. The firm actively seeks out deposits rich in gold, silver, and copper. Central to its portfolio is the flagship Drummond Basin Gold project, which includes prominent prospects like Twin Hills, Yandan, and Mt Coolon, alongside the White Dam Gold project resources. The latter are situated approximately 50 kilometers west of Broken Hill, within South Australia's Curnamona province. In addition to its exploratory efforts, GBM Resources is also involved in the output of minerals. E...[Read more]

Industry

Gold

IPO Date

2007-10-24

Stock Exchange

ASX

Ticker

GBM.AX

The Current Ratio as of September 2026 (TTM) for GBM Resources Limited (GBM.AX) is 0.66

According to GBM Resources Limited’s latest financial reports and current stock price. The company's current Current Ratio is 0.66. This represents a change of 67.90% compared to the average of 0.40 of the last 4 quarters.

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

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

The mean historical Current Ratio of GBM Resources Limited over the last ten years is 0.97. The current 0.66 Current Ratio has changed 6.76% with respect to the historical average. Over the past ten years (40 quarters), GBM.AX's Current Ratio was at its highest in in the June 2016 quarter at 2.93. The Current Ratio was at its lowest in in the January 2009 quarter at 0.

Quarterly (TTM)
Annual

Average

0.97

Median

0.79

Minimum

0.04

Maximum

2.93

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

Discovering the peaks and valleys of GBM 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 = 4.46%

Maximum Annual Current Ratio = 2.93

Minimum Annual Increase = -96.77%

Minimum Annual Current Ratio = 0.04

Quarterly (TTM)
Annual
YearCurrent RatioChange
20190.66-27.66%
20180.92-45.54%
20171.68-42.44%
20162.9380.50%
20151.624.46%
20140.04-96.77%
20131.10630.67%
20120.15-14.77%
20110.18-54.94%
20100.39727.13%

GBM Resources Limited (GBM.AX) Average Current Ratio

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

The current Current Ratio of GBM Resources Limited (GBM.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

1.09

5-year avg

1.56

10-year avg

0.97

GBM Resources Limited (GBM.AX) Current Ratio vs. Peers

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

GBM Resources Limited’s Current Ratio is less than Alchemy Resources Limited (11.59), less than Bulletin Resources Limited (127.01), less than Codrus Minerals Limited (1.14), less than Diablo Resources Limited (3.95), less than Emmerson Resources Limited (18.19), less than Focus Minerals Limited (4.32), less than Gateway Mining Limited (3.70), less than Geopacific Resources Limited (2.51), less than Hawthorn Resources Limited (7.24), greater than Kula Gold Limited (0.18),

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