Kodal Minerals has a Cash Ratio of 0.39. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Kodal Minerals's Cash Ratio or its related term are showing as below:
LSE:KOD'
s Cash Ratio Range Over the Past 10 Years
Min: 0.05 Med: 3.77 Max: 18.03
Current: 0.39
During the past 13 years, Kodal Minerals's highest Cash Ratio was 18.03. The lowest was 0.05. And the median was 3.77.
LSE:KOD's Cash Ratio is ranked worse than 68.8% of 2599
companies
in the Metals & Mining industry
Industry Median: 1.19
vs LSE:KOD: 0.39
Kodal Minerals Cash Ratio Historical Data
The historical data trend for Kodal Minerals'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.
Competitive Comparison of Kodal Minerals's Cash Ratio
For the Other Industrial Metals & Mining subindustry, Kodal Minerals'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.
Kodal Minerals's Cash Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kodal Minerals's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Kodal Minerals's Cash Ratio falls into.
Kodal Minerals Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Kodal Minerals's Cash Ratio for the fiscal year that ended in Mar. 2023 is calculated as:
* 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.
Kodal Minerals (LSE:KOD) 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.
Kodal Minerals Cash Ratio Related Terms
Thank you for viewing the detailed overview of Kodal Minerals's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kodal Minerals PLC is a mining and exploration company that acquires or discovers and develops mineral assets. Its operating segments include West African Gold Projects, the West African Lithium Projects, the Norway Projects, and the UK administration operations. The company has legacy interests in Norway including the Kodal phosphate and iron deposit in the south of the country and the copper focussed Grimeli Project in the West. Its Bougouni Project consists of two concessions, the Kolassokoro and Madina licences, which cover a contiguous area of around 500 square kilometres.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LSE:KOD has been successfully added to your 