Turquoise Hill Resources Ltd.

Turquoise Hill Resources Ltd.verified

TRQ.TO

Price:

$42.99

Market Cap:

$0

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company primarily explores for copper, gold, and silver deposits. It engages in the operation and development of the Oyu Tolgoi copper-gold mine located in Southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd. and changed its name to Turquoise Hill Resources Ltd. in August 2012. Turquoise Hill Resources Ltd. was incorporated in 1994 and is headquartered in Montreal, Canada. Turquoise Hill Resources Ltd. operates as a subsidiary of Rio Tinto Group.[Read more]

Industry

Copper

IPO Date

1996-06-26

Stock Exchange

TSX

Ticker

TRQ.TO

The Current Ratio as of June 2024 (TTM) for Turquoise Hill Resources Ltd. (TRQ.TO) is 1.20

According to Turquoise Hill Resources Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 1.20. This represents a change of 42.48% compared to the average of 0.84 of the last 4 quarters.

Turquoise Hill Resources Ltd. (TRQ.TO) Historical Current Ratio (quarterly & annually)

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

The mean historical Current Ratio of Turquoise Hill Resources Ltd. over the last ten years is 4.09. The current 1.20 Current Ratio has changed 2.84% with respect to the historical average. Over the past ten years (40 quarters), TRQ.TO's Current Ratio was at its highest in in the December 2016 quarter at 9.39. The Current Ratio was at its lowest in in the June 2013 quarter at 0.32.

Quarterly (TTM)
Annual

Average

4.09

Median

3.81

Minimum

0.34

Maximum

9.39

Turquoise Hill Resources Ltd. (TRQ.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Turquoise Hill Resources 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 = 654.33%

Maximum Annual Current Ratio = 9.39

Minimum Annual Increase = -66.16%

Minimum Annual Current Ratio = 0.34

Quarterly (TTM)
Annual
YearCurrent RatioChange
20211.20-58.38%
20202.89-38.92%
20194.74-28.23%
20186.604.97%
20176.29-33.05%
20169.3948.10%
20156.34149.43%
20142.54654.33%
20130.34-42.01%
20120.58-66.16%

Turquoise Hill Resources Ltd. (TRQ.TO) Average Current Ratio

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

The current Current Ratio of Turquoise Hill Resources Ltd. (TRQ.TO) 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

2.94

5-year avg

4.34

10-year avg

4.09

Turquoise Hill Resources Ltd. (TRQ.TO) Current Ratio vs. Peers

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

Turquoise Hill Resources Ltd.’s Current Ratio is

CompanyCurrent RatioMarket cap

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