Anglogold Ashanti (HAM:HT3) Cash Ratio: 1.78 (As of Mar. 2026) — 68% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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HAM:HT3 Anglogold Ashanti PLC HAM:HT3
78 GF Score
Price €71.16
GF Value €48.87
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Anglogold Ashanti Cash Ratio?

Anglogold Ashanti HAM:HT3 +1.02% 78 Cash Ratio is 1.78 as of Mar. 2026, which is 68% above its 10-year median of 1.06. GuruFocus rates HAM:HT3 with a GF Score™ of 78/100 and a GF Value™ of €48.87 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,574 Metals & Mining companies, Anglogold Ashanti ranks worse than 50.43% on this metric.

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. Anglogold Ashanti's Cash Ratio for the quarter that ended in Mar. 2026 was 1.78.

Anglogold Ashanti has a Cash Ratio of 1.78. 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 Anglogold Ashanti's Cash Ratio or its related term are showing as below:

HAM:HT3' s Cash Ratio Range Over the Past 10 Years
Min: 0.23   Med: 1.06   Max: 1.79
Current: 1.78

During the past 13 years, Anglogold Ashanti's highest Cash Ratio was 1.79. The lowest was 0.23. And the median was 1.06.

HAM:HT3's Cash Ratio is ranked worse than
50.43% of 2574 companies
in the Metals & Mining industry
Industry Median: 1.83 vs HAM:HT3: 1.78

Anglogold Ashanti  (HAM:HT3) 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.


Anglogold Ashanti Cash Ratio Related Terms


Anglogold Ashanti Cash Ratio Historical Data

* Premium members only.

The historical data trend for Anglogold Ashanti'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.

Anglogold Ashanti Cash Ratio Chart

Anglogold Ashanti Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.40 1.25 0.75 0.93 1.79

Anglogold Ashanti Quarterly Data
Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.09 1.49 1.45 1.79 1.78

HAM:HT3 vs RGLD, CDE, AUGO: Cash Ratio Comparison

For the Gold subindustry, Anglogold Ashanti'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.


Anglogold Ashanti Cash Ratio vs Metals & Mining Industry

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

* The bar in red indicates where Anglogold Ashanti's Cash Ratio falls into.


HAM:HT3
78GF Score
Anglogold Ashanti PLC HAM:HT3
Cash Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Anglogold Ashanti Cash Ratio Calculation

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

Anglogold Ashanti's Cash Ratio for the fiscal year that ended in Dec. 2025 is calculated as:

Cash Ratio (A: Dec. 2025 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=2480.87/1383.48
=1.79

Anglogold Ashanti's Cash Ratio for the quarter that ended in Mar. 2026 is calculated as:

Cash Ratio (Q: Mar. 2026 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=2728.21/1531.05
=1.78

* 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.

Frequently Asked Questions Learn more about Cash Ratio →
What does a Cash Ratio of 1.78 mean?
Anglogold Ashanti (HAM:HT3) has a Cash Ratio of 1.78 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Anglogold Ashanti and its competitors. This is 68% above median its historical median of 1.06. Over the past decade, Anglogold Ashanti's Cash Ratio has ranged from 0.23 to 1.79. According to the industry distribution chart, Anglogold Ashanti ranks #1298 out of 2574 companies in the Metals & Mining industry, placing it in the top 50.4%.
Is Anglogold Ashanti's Cash Ratio too high?
Anglogold Ashanti's current Cash Ratio of 1.78 is 68% above median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.79. The Metals & Mining industry median Cash Ratio is 1.83. Anglogold Ashanti's value of 1.78 is 2.7% below this industry median. Based on the distribution chart, Anglogold Ashanti ranks #1298 out of 2574 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Anglogold Ashanti has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglogold Ashanti's Cash Ratio compare to RGLD and CDE?
According to the Metals & Mining industry distribution chart, Anglogold Ashanti ranks #1298 out of 2574 companies for Cash Ratio. This places Anglogold Ashanti in the lower half of its industry. The industry median Cash Ratio is 1.83. Anglogold Ashanti's value of 1.78 is 2.7% below this benchmark. Historically, Anglogold Ashanti's own Cash Ratio has ranged from 0.23 to 1.79 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 1.83, Anglogold Ashanti has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Metals & Mining company?
The median Cash Ratio among Metals & Mining companies is 1.83, based on 2,574 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Anglogold Ashanti's current Cash Ratio of 1.78 is 2.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Anglogold Ashanti and its competitors. For the Metals & Mining industry, the median Cash Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anglogold Ashanti's current Cash Ratio is 1.78, which is 68% above median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglogold Ashanti stock overvalued right now?
Based on GuruFocus' analysis, Anglogold Ashanti (HAM:HT3) is currently considered Significantly Overvalued. The stock's GF Value™ is €48.87, compared to a current price of €71.16 — trading 45.6% above its estimated fair value. The current Cash Ratio is 1.78, which is 68% above median its 10-year median of 1.06 and 2.7% below the Metals & Mining industry median of 1.83. Anglogold Ashanti's overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Anglogold Ashanti (HAM:HT3), the current Cash Ratio is 1.78 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Anglogold Ashanti (HAM:HT3) Overvalued in 2026?

Based on GuruFocus' analysis, Anglogold Ashanti stock appears to be overvalued. The current stock price of €71.16 is trading 45.6% above its estimated GF Value™ of €48.87. GuruFocus considers Anglogold Ashanti to be Significantly Overvalued.

Key valuation signals for HAM:HT3:

  • Cash Ratio: 1.78 (68% above median its 10-year median of 1.06)
  • GF Value™: €48.87 vs. price of €71.16 (45.6% above fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 2.7% below the Metals & Mining median (#1298 of 2574)

No single metric tells the full story. See the HAM:HT3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anglogold Ashanti Business Description

Address 6363 S Fiddlers Green Circle, Suite 1000, Greenwood Village, Denver, CO, USA, 80111
Anglogold Ashanti PLC is an independent gold mining company. It has a diversified asset portfolio, including production from operations in eight countries (Argentina, Australia, Brazil, Egypt, Ghana, Guinea, the DRC, and Tanzania), supported by greenfield projects in the United States and Colombia. The company's main product is gold, which once mined, is processed into dore (unrefined gold bars) on site and then dispatched to precious metals refineries. Geographically, Anglogold generates maximum revenue from its operations in Africa (comprising operations at Kibali, Iduapriem, Obuasi, Siguiri, Geita, and Sukari mines), followed by Australia (including Sunrise Dam and Tropicana), and the Americas (comprising Cerro Vanguardia, AngloGold Ashanti Mineracao, and Serra Grande operations).
78GF Score

Get the complete analysis for HAM:HT3

Cash Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€71.16
Price
€48.87
GF Value