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Sassy Gold (FRA:123) Cash Ratio : 3.56 (As of Sep. 2024)


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What is Sassy 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. Sassy Gold's Cash Ratio for the quarter that ended in Sep. 2024 was 3.56.

Sassy Gold has a Cash Ratio of 3.56. 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 Sassy Gold's Cash Ratio or its related term are showing as below:

FRA:123' s Cash Ratio Range Over the Past 10 Years
Min: 0.02   Med: 3.35   Max: 55.62
Current: 3.55

During the past 6 years, Sassy Gold's highest Cash Ratio was 55.62. The lowest was 0.02. And the median was 3.35.

FRA:123's Cash Ratio is ranked better than
71.44% of 2542 companies
in the Metals & Mining industry
Industry Median: 1.06 vs FRA:123: 3.55

Sassy Gold Cash Ratio Historical Data

The historical data trend for Sassy 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.

* Premium members only.

Sassy Gold Cash Ratio Chart

Sassy Gold Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cash Ratio
Get a 7-Day Free Trial 4.64 1.54 2.14 5.29 3.15

Sassy Gold Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24 Sep24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.29 5.54 2.39 3.15 3.56

Competitive Comparison of Sassy Gold's Cash Ratio

For the Other Industrial Metals & Mining subindustry, Sassy 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.


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

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

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



Sassy 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.

Sassy Gold'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
=0.91/0.289
=3.15

Sassy Gold's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.858/0.241
=3.56

* 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.


Sassy Gold  (FRA:123) 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.


Sassy Gold Cash Ratio Related Terms

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Sassy Gold Business Description

Traded in Other Exchanges
Address
1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6
Sassy Gold Corp is an exploration stage resource company currently engaged in the identification, acquisition and exploration of precious metal resources in Canada. The company operates in one reportable operating segment being the acquisition, exploration, and evaluation of mineral resources properties. Its geographic segment is located in Canada.

Sassy Gold Headlines

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