Adamant Dri Processing & Minerals Group Current Ratio Growth & History (ADMG)

Adamant Dri Processing & Minerals Group's current ratio was 0.07 for fiscal 2022.

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Adamant Dri Processing & Minerals Group annual current ratio history

Adamant Dri Processing & Minerals Group annual current ratio

Fiscal yearPeriod endedCurrent ratioChangeGrowth
20222022-12-310.070.07
20212021-12-310.00
20182018-12-311.361.24+982.81%
20172017-12-310.130.06+103.17%
20162016-12-310.06−0.02−20.42%
20152015-12-310.08−0.05−39.17%
20142014-12-310.130.06+96.24%
20132013-12-310.07

Adamant Dri Processing & Minerals Group current ratio trends

Over the last five fiscal years, Adamant Dri Processing & Minerals Group's current ratio decreased from 0.13 to 0.07, a change of −0.05. The latest reported quarter, Q3 2023, shows 1.98.

About the metric

What the current ratio means

The current ratio compares short-term assets with obligations due within roughly one year. A higher ratio generally indicates more short-term balance-sheet coverage, but normal levels vary by industry and business model.

Calculation and source

How the current ratio is calculated

TickerStat calculates the current ratio as SEC-reported current assets divided by SEC-reported current liabilities for the same balance-sheet date. Periods without a positive current-liability value are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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