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Eldorado Gold Corp (NYSE: EGO) |
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Eldorado Gold's Working Capital Ratio
EGO's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth
Regardless of the sequential decrease in Current Liabilities, during the forth quarter 2023, Working Capital Ratio deteriorated to 1.46 above company average Working Capital Ratio.
Within Metal Mining industry 57 other companies have achieved higher Working Capital Ratio than Eldorado Gold in forth quarter 2023. While Working Capital Ratio total ranking has improved so far during the Q4 2023 to 2878, from total ranking in the third quarter 2023 at 3166.
Explain Working Capital Ratio
How much Current Assetss EGO´s has?
What are EGO´s Current Liabilities?
Select the Comparisons :
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Select the Ratio:
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EGO Working Capital Ratio |
(Dec 31 2023) Q4 |
0 Q3 |
0 Q2 |
0 Q1 |
(Dec 31 2019) Q4 |
Y / Y Current Liabilities Change |
53.99 % |
53.99 % |
53.99 % |
53.99 % |
-30.69 % |
Y / Y Current Assets Change |
113.46 % |
113.46 % |
113.46 % |
113.46 % |
-15.32 % |
Working Capital Ratio MRQ |
1.46 |
1.46 |
1.46 |
1.46 |
1.06 |
EGO's Total
Ranking |
# 2878 |
# 3166 |
# 3307 |
# 3435 |
# |
Seq. Current Liabilities Change |
0 % |
0 % |
0 % |
53.99 % |
0 % |
Seq. Current Assets Change |
0 % |
0 % |
0 % |
113.46 % |
0 % |
Working Capital Ratio forth quarter 2023 Company Ranking |
Within: |
No. |
Metal Mining Industry |
# 58 |
Basic Materials Sector |
# 242 |
Overall Market |
# 2817 |
Working Capital Ratio Statistics |
High |
Average |
Low |
1.46 |
1.13 |
0.86 |
(Dec 31 2023) |
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(Dec 31 2018) |
Cumulative Eldorado Gold's Working Capital Ratio
EGO's Working Capital Ratio for the trailling 12 Months
EGO Working Capital Ratio |
(Dec 31 2023) 12 Months |
0 12 Months |
0 12 Months |
0 12 Months |
(Dec 31 2019) 12 Months |
Y / Y Current Liabilities TTM Growth |
53.99 % |
53.99 % |
53.99 % |
53.99 % |
-30.69 % |
Y / Y Current Assets TTM Growth |
113.46 % |
113.46 % |
113.46 % |
113.46 % |
-15.32 % |
Working Capital Ratio TTM |
1.46 |
1.39 |
1.3 |
1.19 |
1.06 |
Total
Ranking TTM |
# 4155
| # 2806
| # 2827
| # 2834
| #
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Seq. Current Liabilities TTM Growth |
0 % |
0 % |
0 % |
53.99 % |
0 % |
Seq. Current Assets TTM Growth |
0 % |
0 % |
0 % |
113.46 % |
0 % |
On the trailing twelve months basis EGO Current Assets more than doubled by 113.46 % in Q4 2023 year on year, faster than Current Liabilities, this led to increase in in Eldorado Gold's Working Capital Ratio to 1.46, above EGO average Working Capital Ratio. Working Capital Ratio is the average cumulative value over the last four quarters.
Among companies operating within Metal Mining industry 92 other companies have achieved higher Working Capital Ratio than Eldorado Gold. While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 2806 to 4155.
Explain Working Capital Ratio
How much Current Assetss EGO´s has?
What are EGO´s Current Liabilities?
TTM Working Capital Ratio Company Ranking |
Within: |
No. |
Within the Metal Mining Industry |
# 93 |
Basic Materials Sector |
# 326 |
Within the Market |
# 4155 |
trailing twelve months Working Capital Ratio Statistics |
High |
Average |
Low |
1.46 |
1.09 |
0.86 |
(Dec 31 2023) |
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(Dec 31 2018) |
Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Metal Mining Industry | Working Capital Ratio | Dec 31 2023 MRQ Current Assets | Dec 31 2023 MRQ Current Liabilities | Skeena Resources Limited | 3.86 | $ 74.687 Millions | $ 19.330 Millions | Nouveau Monde Graphite Inc | 3.58 | $ 32.881 Millions | $ 9.180 Millions | Silvercrest Metals Inc | 3.45 | $ 178.533 Millions | $ 51.773 Millions | New Found Gold Corp | 3.28 | $ 47.780 Millions | $ 14.560 Millions | Centerra Gold Inc | 3.25 | $ 966.027 Millions | $ 297.437 Millions | Southern Copper Corp | 3.19 | $ 4,429.500 Millions | $ 1,388.500 Millions | Scandium International Mining Corp | 3.04 | $ 1.062 Millions | $ 0.349 Millions | Enertopia Corporation | 2.90 | $ 0.923 Millions | $ 0.318 Millions | Gold Resource Corporation | 2.62 | $ 26.495 Millions | $ 10.126 Millions | Idaho Strategic Resources Inc | 2.60 | $ 4.490 Millions | $ 1.729 Millions | Freeport mcmoran Inc | 2.42 | $ 14,065.000 Millions | $ 5,815.000 Millions | Seabridge Gold Inc | 2.38 | $ 71.966 Millions | $ 30.187 Millions | Alamos Gold Inc | 2.36 | $ 586.000 Millions | $ 247.900 Millions | Gatos Silver Inc | 2.36 | $ 78.686 Millions | $ 33.357 Millions | Royal Gold Inc | 2.31 | $ 167.426 Millions | $ 72.422 Millions | B2gold Corp | 2.27 | $ 710.729 Millions | $ 313.471 Millions | Paramount Gold Nevada Corp | 2.21 | $ 9.384 Millions | $ 4.251 Millions | Ferroglobe Plc | 2.10 | $ 1,036.961 Millions | $ 494.002 Millions | Timberline Resources Corporation | 2.02 | $ 0.558 Millions | $ 0.276 Millions | Mcewen Mining inc | 1.92 | $ 52.661 Millions | $ 27.364 Millions | Osisko Development Corp | 1.92 | $ 67.472 Millions | $ 35.068 Millions | Cleveland cliffs Inc | 1.89 | $ 6,636.000 Millions | $ 3,508.000 Millions | Pan American Silver Corp | 1.88 | $ 1,390.000 Millions | $ 738.600 Millions | Lithium Corporation | 1.81 | $ 4.023 Millions | $ 2.226 Millions | Avino Silver and Gold Mines Ltd | 1.70 | $ 23.535 Millions | $ 13.808 Millions | Sibanye Stillwater Limited | 1.70 | $ 61,822.000 Millions | $ 36,407.000 Millions | Orla Mining Ltd | 1.64 | $ 145.175 Millions | $ 88.350 Millions | Barrick Gold Corp | 1.58 | $ 7,438.000 Millions | $ 4,715.000 Millions | Golden Minerals Co | 1.54 | $ 8.714 Millions | $ 5.673 Millions | Westwater Resources inc | 1.52 | $ 11.614 Millions | $ 7.653 Millions |
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Date modified: 2024-03-29T13:04:39+00:00
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