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Power Group Projects (FRA:9GC) Cash Ratio : 0.02 (As of Jul. 2024)


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What is Power Group Projects 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. Power Group Projects's Cash Ratio for the quarter that ended in Jul. 2024 was 0.02.

Power Group Projects has a Cash Ratio of 0.02. 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 Power Group Projects's Cash Ratio or its related term are showing as below:

FRA:9GC' s Cash Ratio Range Over the Past 10 Years
Min: 0.02   Med: 4.49   Max: 99.8
Current: 0.02

During the past 13 years, Power Group Projects's highest Cash Ratio was 99.80. The lowest was 0.02. And the median was 4.49.

FRA:9GC's Cash Ratio is ranked worse than
93.59% of 2541 companies
in the Metals & Mining industry
Industry Median: 1.06 vs FRA:9GC: 0.02

Power Group Projects Cash Ratio Historical Data

The historical data trend for Power Group Projects'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.

Power Group Projects Cash Ratio Chart

Power Group Projects Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.48 0.14 8.46 1.02 0.04

Power Group Projects Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 0.06 0.26 0.04 0.04 0.02

Competitive Comparison of Power Group Projects's Cash Ratio

For the Other Industrial Metals & Mining subindustry, Power Group Projects'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.


Power Group Projects's Cash Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Power Group Projects's Cash Ratio falls into.



Power Group Projects Cash Ratio Calculation

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

Power Group Projects's Cash Ratio for the fiscal year that ended in Jan. 2024 is calculated as:

Cash Ratio (A: Jan. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.005/0.112
=0.04

Power Group Projects's Cash Ratio for the quarter that ended in Jul. 2024 is calculated as:

Cash Ratio (Q: Jul. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.003/0.157
=0.02

* 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.


Power Group Projects  (FRA:9GC) 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.


Power Group Projects Cash Ratio Related Terms

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Power Group Projects Business Description

Traded in Other Exchanges
Address
999 West Hastings Street, Suite 520, Vancouver, BC, CAN, V6C 2W2
Power Group Projects Corp is a Canadian company that is engaged in the acquisition and exploration of resource properties. The company owns an interest in the Smith Cobalt Project, Canadian Cobalt Project, Ontario Cobalt Project, and Little Trout Cobalt Project among others.

Power Group Projects Headlines

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