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What is FCX's Acid Test Ratio?

  Freeport-McMoRan Inc ( FCX ) |
1994 - 2021 (28 years)

Acid Test Ratio is 
0.88 (1Y +19.8% )

FCX Stock Price & Acid Test Ratio

Acid Test Ratio for FCX competitors.
TECK BBL RIO APC NEM BHP SCCO VALE
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Acid Test Ratio

chevron_right 2021 1.07 +13.6x
( +10.0% / year avg)
chevron_left 1994 0.07
vertical_align_top Peak 1.44 +142x
vertical_align_bottom Bottom 0.01
arrow_drop_up # Up Years 14 14 of 28
years up.
arrow_drop_down # Down Years 14
Up Years = Positive (0%+) YoY change
Down Years = Zero or Negative (0% or less) YoY change

Key Points (Stonk Price Comparison)

  • FCX's stock price has rallied +111% from $7.73 in 1994 , or +0.01x the rate relative to it's acid test ratio over the same period.
  • If FCX grows it's stock at the same rate as it's acid test ratio (+10.0%/year) , it's stock price will grow +259% and hit $42.43 over the next 10 years.
  • FCX's stock price has gone up 8 of the 14 years (+57%) it's acid test ratio were also up.
5-Year Change 🚀
+18.4%$18.0BNet Revenue (Sales)
-60.2%$12.3BCost of Revenue (Sales)
-136.5%$5.7BGross Profit Margin
-130.8%1.27Gross Profit Margin Ratio
-103.2%-$12.0MOther Income/Expenses, Net
+12.6%$824.0MTotal Operating Expenses
-58.6%$13.1BCost & Expenses
+26.2%$944.0MInterest Expense/Income, Net
-137.9%$4.9BEBITDA
-132.0%1.09EBITDA Margin
-129.8%$4.9BOperating Income
-125.2%1.09Operating Margin
-134.3%$5.9BPretax Income (Earnings)
-128.9%1.31Pretax Income (Earnings) Margin
-416.6%$2.4BProvision For Income Taxes
-117.4%$2.8BNet Income (Earnings)
-114.7%0.63Net Profit Margin
-114.0%1.94Earnings Per Share (EPS)
-113.8%1.92Earnings Per Share (EPS) Diluted
+23.9%$5.8BShares Outstanding
+24.8%$5.9BShares Outstanding (Diluted)
+1,532%$14.6BCash and Cash Equivalents
+1,532%$14.6BCash And Short-Term Investments
-18.7%$15.6BInventory
+97.1%$1.4BOther Current Assets
+24.7%$37.2BTotal Current Assets
-14.3%$119.3BPP&E
+26.5%$1.6BGoodwill and Intangible Assets
-9.52%$168.6BTotal Assets
-37.1%$5.9BAccounts Payables
-94.8%$136.0MShort-term Debt
+35.4%$260.0MDeferred Revenue
-20.7%$13.7BTotal Current Liabilities
-51.1%$38.7BLong-term Debt
+5.16%$18.7BDeferred Tax Liabilities Non-Current
+227%$2.4BOther Non-Current Liabilities
-33.6%$80.2BTotal Non-Current Liabilities
-32.0%$93.9BTotal Liabilities
+16.1%$636.0MCommon Stock
-5.7%-$46.7BRetained Earnings
+15.9%-$2.3BAccumulated Other Comprehensive Income Loss
+30.0%$40.7BTotal Shareholders Equity
-20.6%$134.6BTotal Liabilities & Stockholders Equity
-52.5%$38.8BTotal Debt
-70.0%$24.2BNet Debt
-142.5%$192.0MDeferred Income Tax
-626.6%$3.6BChange in Working Capital
+86.6%$23.5BOther Working Capital
-1,433.3%$320.0MOther Non-Cash Items
+116%$5.3BNet Cash Provided by Operating Activities
-200.0%$28.0MOther Investing Activities
-113.0%$676.0MNet Cash used for Investing Activities
-68.8%-$2.5BDebt Repayment
-236.2%$316.0MDividends Paid
-305.6%$296.0MOther Financing Activities
-142.8%-$992.0MNet Cash Used Provided by Financing Activities
-1,194.7%$5.0BNet Change in Cash
+1,642%$15.6BCash at End of Period
+685%$10.6BCash at Beginning of Period
+116%$5.3BOperating Cash Flow
-70.1%-$1.6BCapital Expenditure (capex)
-236.9%$3.8BFree Cash Flow
  • FCX Historical Acid Test Ratio Table

    Year Acid Test Ratio YoY % Change Stock Price YoY % Change (Stock Price)
    4/1/2021 1.07 76.2% 16.36 4.8%
    4/1/2020 0.61 -35.5% 15.61 71.4%
    4/1/2019 0.94 -6.2% 9.1 -33.5%
    4/1/2018 1.0 9.9% 13.69 -4.4%
    4/1/2017 0.91 464.2% 14.32 43.6%
    4/1/2016 0.16 8.4% 9.97 -2.9%
    4/1/2015 0.15 -40.8% 10.27 -69.7%
    4/1/2014 0.25 -80.5% 33.87 24.7%
    4/1/2013 1.29 -10.4% 27.15 -9.2%
    4/1/2012 1.44 13.7% 29.9 -20.9%
    4/1/2011 1.27 35.8% 37.8 35.6%
    4/1/2010 0.93 128.4% 27.88 15.3%
    4/1/2009 0.41 -10.3% 24.19 -28.6%
    4/1/2008 0.46 -35.1% 33.86 3.8%
    4/1/2007 0.7 27.5% 32.64 57.2%
    4/1/2006 0.55 -6.2% 20.75 47.7%
    4/1/2005 0.59 -28.3% 14.05 17.2%
    4/1/2004 0.82 -28.3% 11.98 27.7%
    4/1/2003 1.14 26.3% 9.38 53.2%
    4/1/2002 0.9 729.9% 6.12 26.0%
    4/1/2001 0.11 938.4% 4.86 70.6%
    4/1/2000 0.01 4.1% 2.85 -40.0%
    4/1/1999 0.01 -44.9% 4.75 -18.2%
    4/1/1998 0.02 -41.5% 5.81 -33.8%
    4/1/1997 0.03 -53.7% 8.77 -9.7%
    4/1/1996 0.07 -13.4% 9.71 25.6%
    4/1/1995 0.08 6.1% 7.73 0.0%
    4/1/1994 0.07 - 7.73 -

  • About
    Industry: Copper
    Sector: Basic Materials
    Country: US
    IPO Date: 5/5/1988
    Stonk Exchange: NYSE
    • Freeport-McMoRan, Inc
    • engages in the mining of copper, gold, and molybdenum.
    • The company is headquartered in Phoenix, Arizona and currently employs 26,800 full-time employees.
    • The firm operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer.
    • The firm's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.
    • The firm's segments include the Morenci, Cerro Verde, Grasberg copper mines, the Rod & Refining operations and the United States (U.
    • S
    • ) Oil and Gas Operations
    • The firm has organized its operations into five divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines.
    • The firm's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.
  • Acid Test Ratio = Quick Assets ÷ Current Liabilities
    Also known as 'quick ratio', it measures the ability of a company to pay short-term obligations using the more liquid types of current assets or 'quick assets' (cash, marketable securities, and current receivables).

    For more detailed definitions, please see Investopedia.
    Year Acid Test Ratio YoY % Change Stock Price YoY % Change (Stock Price) quick assets math total current liabilities
    4/1/2021 1.07 76.2% 16.36 4.8% 14628.00 13668.00
    4/1/2020 0.61 -35.5% 15.61 71.4% 7531.00 12354.00
    4/1/2019 0.94 -6.2% 9.1 -33.5% 12458.00 13243.00
    4/1/2018 1.00 9.9% 13.69 -4.4% 16892.00 17032.00
    4/1/2017 0.91 464.2% 14.32 43.6% 17858.00 19568.00
    4/1/2016 0.16 8.4% 9.97 -2.9% 2977.00 17761.00
    4/1/2015 0.15 -40.8% 10.27 -69.7% 2822.00 19148.00
    4/1/2014 0.25 -80.5% 33.87 24.7% 5641.00 24057.00
    4/1/2013 1.29 -10.4% 27.15 -9.2% 19102.00 16726.00
    4/1/2012 1.44 13.7% 29.9 -20.9% 17162.00 11956.00
    4/1/2011 1.27 35.8% 37.8 35.6% 18079.00 14801.00
    4/1/2010 0.93 128.4% 27.88 15.3% 12571.00 13564.00
    4/1/2009 0.41 -10.3% 24.19 -28.6% 5082.50 11952.00
    4/1/2008 0.46 -35.1% 33.86 3.8% 6307.00 13949.00
    4/1/2007 0.70 27.5% 32.64 57.2% 8488.96 13421.25
    4/1/2006 0.55 -6.2% 20.75 47.7% 2380.91 3832.62
    4/1/2005 0.59 -28.3% 14.05 17.2% 1840.27 3191.03
    4/1/2004 0.82 -28.3% 11.98 27.7% 1611.04 2007.33
    4/1/2003 1.14 26.3% 9.38 53.2% 2708.87 2435.76
    4/1/2002 0.90 729.9% 6.12 26.0% 1883.08 2225.91
    4/1/2001 0.11 938.4% 4.86 70.6% 238.05 2475.13
    4/1/2000 0.01 4.1% 2.85 -40.0% 25.05 2388.95
    4/1/1999 0.01 -44.9% 4.75 -18.2% 20.80 2089.92
    4/1/1998 0.02 -41.5% 5.81 -33.8% 36.00 1929.47
    4/1/1997 0.03 -53.7% 8.77 -9.7% 69.50 2186.50
    4/1/1996 0.07 -13.4% 9.71 25.6% 134.08 2002.48
    4/1/1995 0.08 6.1% 7.73 0.0% 143.30 1856.00
    4/1/1994 0.07 7.73 109.73 1563.20