Solstice Minerals (ASX:SLS) Cash Ratio : 24.96 (As of Dec. 2023)

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What is Solstice Minerals 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. Solstice Minerals's Cash Ratio for the quarter that ended in Dec. 2023 was 24.96.

Solstice Minerals has a Cash Ratio of 24.96. 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 Solstice Minerals's Cash Ratio or its related term are showing as below:

ASX:SLS' s Cash Ratio Range Over the Past 10 Years
Min: 15.83 Med: 24.96 Max: 173.45
Current: 24.96

During the past 2 years, Solstice Minerals's highest Cash Ratio was 173.45. The lowest was 15.83. And the median was 24.96.

ASX:SLS's Cash Ratio is ranked better than
94.92% of 2598 companies
in the Metals & Mining industry
Industry Median: 1.25 vs ASX:SLS: 24.96

Solstice Minerals Cash Ratio Historical Data

The historical data trend for Solstice 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.

* Premium members only.

Solstice Minerals Cash Ratio Chart

Solstice Minerals Annual Data

Trend

Jun22

Jun23

Cash Ratio

24.12

15.83

Solstice Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash Ratio	173.45	24.12	25.26	15.83	24.96

Competitive Comparison of Solstice Minerals's Cash Ratio

For the Other Industrial Metals & Mining subindustry, Solstice 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.

Solstice Minerals's Cash Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Solstice Minerals's Cash Ratio falls into.

Solstice 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.

Solstice Minerals's Cash Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash Ratio (A: Jun. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	9.973	/	0.63
	=	15.83

Solstice Minerals's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	8.262	/	0.331
	=	24.96

Solstice Minerals (ASX:SLS) 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.

Solstice Minerals Cash Ratio Related Terms

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Solstice Minerals (ASX:SLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Solstice Minerals Ltd (ASX:SLS) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

454 Roberts Road, Unit 2, Subiaco, WA, AUS, 6008

Website

https://www.solsticeminerals.com.au

Solstice Minerals Ltd is engaged in mineral exploration and development. Solstice Minerals' projects are the Yarri Project, Kalgoorlie Project, Yundamindra Project and Ponton Project.