Canada Nickel Co has a Cash Ratio of 1.12. 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 Canada Nickel Co's Cash Ratio or its related term are showing as below:
TSXV:CNC'
s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.79 Max: 6.35
Current: 1.12
During the past 4 years, Canada Nickel Co's highest Cash Ratio was 6.35. The lowest was 0.02. And the median was 0.79.
TSXV:CNC's Cash Ratio is ranked worse than 50.75% of 2605
companies
in the Metals & Mining industry
Industry Median: 1.19
vs TSXV:CNC: 1.12
Canada Nickel Co Cash Ratio Historical Data
The historical data trend for Canada Nickel Co'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 Canada Nickel Co's Cash Ratio
For the Other Industrial Metals & Mining subindustry, Canada Nickel Co'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.
Canada Nickel Co's Cash Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Canada Nickel Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Canada Nickel Co's Cash Ratio falls into.
Canada Nickel Co Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Canada Nickel Co's Cash Ratio for the fiscal year that ended in Oct. 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.
Canada Nickel Co (TSXV:CNC) 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.
Canada Nickel Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of Canada Nickel Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Canada Nickel Co Inc is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. The company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. The firm is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific - mining camp.
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