Centurion Minerals has a Cash Ratio of 0.00. 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 Centurion Minerals's Cash Ratio or its related term are showing as below:
During the past 13 years, Centurion Minerals's highest Cash Ratio was 0.27. The lowest was 0.01. And the median was 0.01.
TSXV:CTN's Cash Ratio is not ranked *
in the Metals & Mining industry.
Industry Median: 1.12 * Ranked among companies with meaningful Cash Ratio only.
Centurion Minerals Cash Ratio Historical Data
The historical data trend for Centurion Minerals'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 Centurion Minerals's Cash Ratio
For the Other Industrial Metals & Mining subindustry, Centurion Minerals'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.
Centurion Minerals's Cash Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Centurion Minerals's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Centurion Minerals's Cash Ratio falls into.
Centurion Minerals Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Centurion Minerals's Cash Ratio for the fiscal year that ended in Jul. 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.
Centurion Minerals (TSXV:CTN) 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.
Centurion Minerals Cash Ratio Related Terms
Thank you for viewing the detailed overview of Centurion Minerals's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Centurion Minerals (TSXV:CTN) Business Description
Centurion Minerals Ltd is engaged in the business of acquisition and exploration of mineral properties. The company has its operations in two geographic areas including Canada and Argentina. It is focused on the development of Ana Sofia Agri-Gypsum project. The project comprises over two mining concessions totaling approximately 50 hectares and is located in Santiago del Estero province, Argentina. In addition, it is also focused on identifying, developing and marketing calcium sulfate, for the markets of Argentina, Paraguay, Bolivia, Brazil, and Chile.
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