Tincorp Metals has a Cash Ratio of 0.14. 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 Tincorp Metals's Cash Ratio or its related term are showing as below:
TSXV:TIN'
s Cash Ratio Range Over the Past 10 Years
Min: 0.07 Med: 2.52 Max: 8.71
Current: 0.14
During the past 4 years, Tincorp Metals's highest Cash Ratio was 8.71. The lowest was 0.07. And the median was 2.52.
TSXV:TIN's Cash Ratio is ranked worse than 80.92% of 2589
companies
in the Metals & Mining industry
Industry Median: 1.16
vs TSXV:TIN: 0.14
Tincorp Metals Cash Ratio Historical Data
The historical data trend for Tincorp Metals'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 Tincorp Metals's Cash Ratio
For the Gold subindustry, Tincorp Metals'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.
Tincorp Metals's Cash Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Tincorp Metals's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Tincorp Metals's Cash Ratio falls into.
Tincorp Metals Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Tincorp Metals's Cash Ratio for the fiscal year that ended in Dec. 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.
Tincorp Metals (TSXV:TIN) 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.
Tincorp Metals Cash Ratio Related Terms
Thank you for viewing the detailed overview of Tincorp Metals's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Tincorp Metals Inc is focused on its wholly owned Skukum Gold Project located in the Whitehorse Mining District of the southern Yukon. The project consists of 1,051 mineral claims covering an area of 170 square kilometres and is located approximately 55 kilometres south of Whitehorse, Yukon. The project hosts the advanced-stage Skukum Creek, Goddell and Mount Skukum high-grade gold deposits and multiple high-priority exploration targets. Project infrastructure includes an all-weather access road, an all-weather 50-person camp, approximately 4.8 kilometres of underground workings, an extensive surface road network and a previously operating 300-tpd mill along with a tailings management facility and service buildings.
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