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Northern Superior Resources (TSXV:SUP) Cash Ratio : 1.24 (As of Sep. 2023)


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What is Northern Superior 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. Northern Superior Resources's Cash Ratio for the quarter that ended in Sep. 2023 was 1.24.

Northern Superior Resources has a Cash Ratio of 1.24. 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 Northern Superior Resources's Cash Ratio or its related term are showing as below:

TSXV:SUP' s Cash Ratio Range Over the Past 10 Years
Min: 0.22   Med: 4.29   Max: 47.56
Current: 1.24

During the past 13 years, Northern Superior Resources's highest Cash Ratio was 47.56. The lowest was 0.22. And the median was 4.29.

TSXV:SUP's Cash Ratio is ranked better than
50.33% of 2601 companies
in the Metals & Mining industry
Industry Median: 1.21 vs TSXV:SUP: 1.24

Northern Superior Resources Cash Ratio Historical Data

The historical data trend for Northern Superior 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.

Northern Superior Resources Cash Ratio Chart

Northern Superior Resources Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.12 3.10 4.61 3.38 0.22

Northern Superior Resources Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 2.15 0.22 0.69 1.25 1.24

Competitive Comparison of Northern Superior Resources's Cash Ratio

For the Gold subindustry, Northern Superior 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.


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

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

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



Northern Superior 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.

Northern Superior Resources's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash Ratio (A: Dec. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=1.442/6.679
=0.22

Northern Superior Resources's Cash Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash Ratio (Q: Sep. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=2.887/2.324
=1.24

* 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.


Northern Superior Resources  (TSXV:SUP) 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.


Northern Superior Resources Cash Ratio Related Terms

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Northern Superior Resources (TSXV:SUP) Business Description

Traded in Other Exchanges
Address
1351C Kelly Lake Road, Unit 7, Sudbury, ON, CAN, P3E 5P5
Northern Superior Resources Inc is an exploration-stage junior mining company. It is engaged in the identification, acquisition, evaluation, and exploration of gold properties in Ontario and Quebec. It currently operates in a single segment, being the mining business in Canada and all its resource properties and equipment are situated in Canada. Its properties include TI-PA-HAA-KAA-NING (TPK) Gold/Silver/Copper Property, Croteau Est Gold Property, Lac Surprise Gold Property and many more.
Executives
François Perron Director