Volt Lithium (Volt Lithium) Cash Ratio : 3.16 (As of Mar. 2024)

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What is Volt Lithium Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Volt Lithium's Cash Ratio for the quarter that ended in Mar. 2024 was 3.16.

Volt Lithium has a Cash Ratio of 3.16. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.

The historical rank and industry rank for Volt Lithium's Cash Ratio or its related term are showing as below:

VLTLF' s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.46 Max: 12.4
Current: 3.16

During the past 13 years, Volt Lithium's highest Cash Ratio was 12.40. The lowest was 0.01. And the median was 0.46.

VLTLF's Cash Ratio is ranked better than
66.99% of 2593 companies
in the Metals & Mining industry
Industry Median: 1.09 vs VLTLF: 3.16

Volt Lithium Cash Ratio Historical Data

The historical data trend for Volt Lithium's Cash Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Volt Lithium Cash Ratio Chart

Volt Lithium Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash Ratio

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0.04

0.94

4.40

1.17

Volt Lithium Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash Ratio	Get a 7-Day Free Trial															4.56	1.17	11.95	5.65	3.16

Competitive Comparison of Volt Lithium's Cash Ratio

For the Other Industrial Metals & Mining subindustry, Volt Lithium's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Volt Lithium's Cash Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Volt Lithium's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Volt Lithium's Cash Ratio falls into.

Volt Lithium Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Volt Lithium's Cash Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash Ratio (A: Jun. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.676	/	0.58
	=	1.17

Volt Lithium's Cash Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash Ratio (Q: Mar. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	1.012	/	0.32
	=	3.16

Volt Lithium (OTCPK:VLTLF) Cash Ratio Explanation

The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.

The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.

In general, the higher the cash ratio, the better the company's liquidity position.

Volt Lithium Cash Ratio Related Terms

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Volt Lithium (Volt Lithium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volt Lithium Corp (OTCPK:VLTLF) » Definitions » Cash Ratio

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I2D:Germany VLT:Canada

Address

639-5th Avenue SW, Suite 1925, Calgary, AB, CAN, T2P 0M9

Website

https://www.voltlithium.com

Volt Lithium Corp is a lithium development and technology company aiming to be North America's first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine. The Company is developing its lithium project in the area of Rainbow Lake, in Northwest Alberta (the Rainbow Lake Lithium Project on the backbone of the mature and sophisticated Alberta oil industry that will allow the Company to catapult its development.