Pearl Gull Iron (ASX:PLG) Cash Ratio : 0.42 (As of Dec. 2024)

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What is Pearl Gull Iron 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. Pearl Gull Iron's Cash Ratio for the quarter that ended in Dec. 2024 was 0.42.

Pearl Gull Iron has a Cash Ratio of 0.42. 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 Pearl Gull Iron's Cash Ratio or its related term are showing as below:

ASX:PLG' s Cash Ratio Range Over the Past 10 Years
Min: 0.42 Med: 1.12 Max: 2.37
Current: 0.42

During the past 3 years, Pearl Gull Iron's highest Cash Ratio was 2.37. The lowest was 0.42. And the median was 1.12.

ASX:PLG's Cash Ratio is ranked better than
62.94% of 618 companies
in the Steel industry
Industry Median: 0.28 vs ASX:PLG: 0.42

Pearl Gull Iron Cash Ratio Historical Data

The historical data trend for Pearl Gull Iron'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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Pearl Gull Iron Cash Ratio Chart

Pearl Gull Iron Annual Data

Trend

Jun22

Jun23

Jun24

Cash Ratio

1.06

2.37

1.12

Pearl Gull Iron Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash Ratio	Get a 7-Day Free Trial			0.83	2.37	1.85	1.12	0.42

Competitive Comparison of Pearl Gull Iron's Cash Ratio

For the Steel subindustry, Pearl Gull Iron'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.

Pearl Gull Iron's Cash Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Pearl Gull Iron's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Pearl Gull Iron's Cash Ratio falls into.

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Pearl Gull Iron Cash Ratio Calculation

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

Pearl Gull Iron's Cash Ratio for the fiscal year that ended in Jun. 2024 is calculated as:

Cash Ratio (A: Jun. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.899	/	0.802
	=	1.12

Pearl Gull Iron's Cash Ratio for the quarter that ended in Dec. 2024 is calculated as:

Cash Ratio (Q: Dec. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.304	/	0.729
	=	0.42

Pearl Gull Iron (ASX:PLG) 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.

Pearl Gull Iron Cash Ratio Related Terms

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Pearl Gull Iron Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pearl Gull Iron Ltd (ASX:PLG) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

513 Hay Street, Suite 23, Subiaco, WA, AUS, 6008

Website

https://www.pearlgulliron.com.au

Pearl Gull Iron Ltd is an iron ore exploration and development company with mining title over a portion of Cockatoo Island situated off the coast of Northwest Australia. The Company has only one operating segment, exploration.