Palisades Goldcorp (TSXV:PALI) Cash Ratio : 115.72 (As of Dec. 2023)

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What is Palisades Goldcorp 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. Palisades Goldcorp's Cash Ratio for the quarter that ended in Dec. 2023 was 115.72.

Palisades Goldcorp has a Cash Ratio of 115.72. 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 Palisades Goldcorp's Cash Ratio or its related term are showing as below:

TSXV:PALI' s Cash Ratio Range Over the Past 10 Years
Min: 6.36 Med: 115.72 Max: 131.69
Current: 115.72

During the past 3 years, Palisades Goldcorp's highest Cash Ratio was 131.69. The lowest was 6.36. And the median was 115.72.

TSXV:PALI's Cash Ratio is ranked better than
99.61% of 2591 companies
in the Metals & Mining industry
Industry Median: 1.12 vs TSXV:PALI: 115.72

Palisades Goldcorp Cash Ratio Historical Data

The historical data trend for Palisades Goldcorp'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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Palisades Goldcorp Cash Ratio Chart

Palisades Goldcorp Annual Data

Trend

Dec21

Dec22

Dec23

Cash Ratio

6.36

131.69

115.72

Palisades Goldcorp Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash Ratio	Get a 7-Day Free Trial				131.69	130.51	245.19	110.87	115.72

Competitive Comparison of Palisades Goldcorp's Cash Ratio

For the Gold subindustry, Palisades Goldcorp'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.

Palisades Goldcorp's Cash Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Palisades Goldcorp's Cash Ratio falls into.

Palisades Goldcorp Cash Ratio Calculation

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

Palisades Goldcorp's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	8.563	/	0.074
	=	115.72

Palisades Goldcorp'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
	=	8.563	/	0.074
	=	115.72

Palisades Goldcorp (TSXV:PALI) 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.

Palisades Goldcorp Cash Ratio Related Terms

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