Medallion Metals has a Cash Ratio of 2.32. 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 Medallion Metals's Cash Ratio or its related term are showing as below:
ASX:MM8'
s Cash Ratio Range Over the Past 10 Years
Min: 0.42 Med: 3.14 Max: 91.53
Current: 2.32
During the past 5 years, Medallion Metals's highest Cash Ratio was 91.53. The lowest was 0.42. And the median was 3.14.
ASX:MM8's Cash Ratio is ranked better than 63.41% of 2509
companies
in the Metals & Mining industry
Industry Median: 1.04
vs ASX:MM8: 2.32
Medallion Metals Cash Ratio Historical Data
The historical data trend for Medallion 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 Medallion Metals's Cash Ratio
For the Other Precious Metals & Mining subindustry, Medallion 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.
Medallion Metals's Cash Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Medallion Metals's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Medallion Metals's Cash Ratio falls into.
* 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.
Medallion Metals (ASX:MM8) 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.
Medallion Metals Cash Ratio Related Terms
Thank you for viewing the detailed overview of Medallion Metals's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Medallion Metals Ltd is a minerals exploration company based in Perth, Western Australia. To the north, it has the Ravensthorpe Gold Project comprising mineral rights yielding amounts of high-grade gold and copper. To the south, the Jerdacuttup Project is prospective for base and precious metals. The firm has one reportable segment that is Project Operations. Its assets are located within the southern Goldfields-Esperance region of Western Australia.
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