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Timberline Resources (Timberline Resources) Cash Ratio : 1.96 (As of Dec. 2023)


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What is Timberline Resources 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. Timberline Resources's Cash Ratio for the quarter that ended in Dec. 2023 was 1.96.

Timberline Resources has a Cash Ratio of 1.96. 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 Timberline Resources's Cash Ratio or its related term are showing as below:

TLRS' s Cash Ratio Range Over the Past 10 Years
Min: 0.04   Med: 1.18   Max: 18.38
Current: 1.96

During the past 13 years, Timberline Resources's highest Cash Ratio was 18.38. The lowest was 0.04. And the median was 1.18.

TLRS's Cash Ratio is ranked better than
57.81% of 2605 companies
in the Metals & Mining industry
Industry Median: 1.19 vs TLRS: 1.96

Timberline Resources Cash Ratio Historical Data

The historical data trend for Timberline Resources'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.

* Premium members only.

Timberline Resources Cash Ratio Chart

Timberline Resources Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 6.65 18.38 2.36 0.46

Timberline Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.07 1.10 0.35 0.46 1.96

Competitive Comparison of Timberline Resources's Cash Ratio

For the Gold subindustry, Timberline Resources'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.


Timberline Resources's Cash Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Timberline Resources's Cash Ratio falls into.



Timberline Resources Cash Ratio Calculation

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

Timberline Resources's Cash Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Cash Ratio (A: Sep. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.098/0.214
=0.46

Timberline Resources's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.541/0.276
=1.96

* 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.


Timberline Resources  (OTCPK:TLRS) 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.


Timberline Resources Cash Ratio Related Terms

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Timberline Resources (Timberline Resources) Business Description

Traded in Other Exchanges
Address
101 East Lakeside Avenue, Coeur d'Alene, ID, USA, 83814
Timberline Resources Corp is a mineral exploration company. It is principally engaged in the business of exploring precious metal deposits and advancing them toward production. The company holds interests in Eureka, Paiute, Silverado, and Seven Trough properties, all located in Nevada.
Executives
Jupiter Gold & Silver Fund 10 percent owner 32 MOLESWORTH STREET, DUBLIN L2 DO2 Y512
Jupiter Investment Management Ltd 10 percent owner THE ZIG ZAG BUILDING, 70 VICTORIA STREET, LONDON X0 SW1E 6SQ
Donald James Mcdowell director 2131 STONE HILL CIRCLE, RENO NV 89519
William Fuller Matlack director, 10 percent owner C/O TIMBERLINE RESOURCES CORP., 101 EAST LAKESIDE AVENUE, COEUR D'ALENE ID 83814
Crescat Portfolio Management Llc 10 percent owner 1560 BROADWAY, SUITE 2270, DENVER CO 80202
Steven A. Osterberg officer: Vice-President, Exploration C/O TIMBERLINE RESOURCES, 101 E LAKESIDE AVE., COEUR D' ALENE ID 83814
David C. Mathewson director 1265 MESA DRIVE, FERNLEY NV 89408
Ted Riley Sharp officer: CFO 714 WHISPERWOOD COURT, NAMPA ID 83686
Pamela L Saxton director 4836 W FAIR AVE, LITTLETON CO 80123
R. Patrick Highsmith director, officer: President 6852 S. CLAYTON WAY, CENTENNIAL CO 80122
Quinton Todd Hennigh director 901 E 9TH AVENUE, LONGMONT CO 80504
Steven East Gilbertson director 1161 S. CLAYTON ST, DENVER CO 80210
Guilio Bonifacio director 1238 - 200 GRANVILLE STREEET, VANCOUVER A1 V8C 1S4
Randal Lavon Hardy director, officer: CEO and CFO 1611 N MOLTER ROAD, SUITE 201, LIBERTY LAKE WA 99019
Paul H Zink director 225 UNION BLVD, SUITE 250, LAKEWOOD CO 80228