Sierra Nevada Gold (ASX:SNX) Cash Ratio : 2.08 (As of Jun. 2023)

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What is Sierra Nevada Gold 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. Sierra Nevada Gold's Cash Ratio for the quarter that ended in Jun. 2023 was 2.08.

Sierra Nevada Gold has a Cash Ratio of 2.08. 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 Sierra Nevada Gold's Cash Ratio or its related term are showing as below:

ASX:SNX' s Cash Ratio Range Over the Past 10 Years
Min: 1.63 Med: 2.25 Max: 2.87
Current: 1.63

During the past 2 years, Sierra Nevada Gold's highest Cash Ratio was 2.87. The lowest was 1.63. And the median was 2.25.

ASX:SNX's Cash Ratio is ranked better than
55.25% of 2590 companies
in the Metals & Mining industry
Industry Median: 1.095 vs ASX:SNX: 1.63

Sierra Nevada Gold Cash Ratio Historical Data

The historical data trend for Sierra Nevada Gold'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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Sierra Nevada Gold Cash Ratio Chart

Sierra Nevada Gold Annual Data

Trend

Dec22

Dec23

Cash Ratio

2.87

1.63

Sierra Nevada Gold Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23
Cash Ratio	32.62	10.22	2.87	2.08	1.63

Competitive Comparison of Sierra Nevada Gold's Cash Ratio

For the Gold subindustry, Sierra Nevada Gold'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.

Sierra Nevada Gold's Cash Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sierra Nevada Gold's Cash Ratio falls into.

Sierra Nevada Gold Cash Ratio Calculation

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

Sierra Nevada Gold's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	1.32	/	0.811
	=	1.63

Sierra Nevada Gold's Cash Ratio for the quarter that ended in Jun. 2023 is calculated as:

Cash Ratio (Q: Jun. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	1.274	/	0.612
	=	2.08

Sierra Nevada Gold (ASX:SNX) 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.

Sierra Nevada Gold Cash Ratio Related Terms

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