AWMLF (American West Metals) Cash Ratio : 2.57 (As of Dec. 2023)

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What is American West Metals 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. American West Metals's Cash Ratio for the quarter that ended in Dec. 2023 was 2.57.

American West Metals has a Cash Ratio of 2.57. 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 American West Metals's Cash Ratio or its related term are showing as below:

AWMLF' s Cash Ratio Range Over the Past 10 Years
Min: 0.69 Med: 0.76 Max: 1.02
Current: 1.02

During the past 3 years, American West Metals's highest Cash Ratio was 1.02. The lowest was 0.69. And the median was 0.76.

AWMLF's Cash Ratio is ranked worse than
50.75% of 2542 companies
in the Metals & Mining industry
Industry Median: 1.06 vs AWMLF: 1.02

American West Metals Cash Ratio Historical Data

The historical data trend for American West 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.

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American West Metals Cash Ratio Chart

American West Metals Annual Data

Trend

Jun22

Jun23

Jun24

Cash Ratio

0.69

0.76

1.02

American West Metals Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash Ratio	Get a 7-Day Free Trial			0.69	1.37	0.76	2.57	1.02

Competitive Comparison of American West Metals's Cash Ratio

For the Other Industrial Metals & Mining subindustry, American West 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.

American West Metals's Cash Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where American West Metals's Cash Ratio falls into.

American West Metals Cash Ratio Calculation

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

American West Metals'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
	=	3.384	/	3.313
	=	1.02

American West Metals'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
	=	2.716	/	1.058
	=	2.57

American West Metals (OTCPK:AWMLF) 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.

American West Metals Cash Ratio Related Terms

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American West Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American West Metals Ltd (OTCPK:AWMLF) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

R84:Germany AW1:Australia

Address

28 Ord Street, Level 2, Suite 2, Perth, WA, AUS, 6005

Website

https://www.americanwestmetals.com

American West Metals Ltd is focused on growth through the discovery and development of base metal mineral deposits. It is focused on developing its mineral deposits at the Storm Copper Project and Seal Project in Canada, and the West Desert Project and the Copper Warrior Project both located in Utah. The company is organized into one main operating segment, which involves the exploration of minerals in Canada and the United States.

American West Metals Headlines

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