Rio Tinto Current Ratio:1.391 for Dec. 31, 2012
Rio Tinto Current Ratio Chart
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About Current Ratio
The current ratio measures a company's ability to pay short-term debts and other current liabilities (financial obligations lasting less than one year) by comparing current assets to current liabilities. The ratio illustrates a company's ability to remain solvent.
A current ratio of one means that book value of current assets is exactly the same as book value of current liabilities. In general, investors look for a company with a current ratio of 2:1, meaning current assets twice as large as current liabilities. A current ratio less than one indicates the company might have problems meeting short-term financial obligations. If the ratio is too high, the company may not be efficiently using its current assets or short term financing facilities.
Other similar solvency ratios include :
Cash Ratio - Measures the amount of cash that can be used to pay liabilities (most strict)
Quick Ratio - Measures the amount of cash, short term equivalents, and accounts receivables that can be used to pay liabilities (more lenient than cash ratio, but stricter than current ratio)
RIO Current Ratio Rankings
5288 of 16770
823 of 1928 in Basic Materials
335 of 853 in Industrial Metals & Minerals
RIO Current Ratio Range, Past 5 Years
Fool Jun 18
Fool Jun 17
Zacks Jun 17
Zacks Jun 17
Fool Jun 15
Zacks Jun 14