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KALMF (Kalgoorlie Gold Mining) Cash Ratio : 6.56 (As of Dec. 2023)


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What is Kalgoorlie Gold Mining 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. Kalgoorlie Gold Mining's Cash Ratio for the quarter that ended in Dec. 2023 was 6.56.

Kalgoorlie Gold Mining has a Cash Ratio of 6.56. 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 Kalgoorlie Gold Mining's Cash Ratio or its related term are showing as below:

KALMF' s Cash Ratio Range Over the Past 10 Years
Min: 2.04   Med: 4.4   Max: 7.91
Current: 2.04

During the past 3 years, Kalgoorlie Gold Mining's highest Cash Ratio was 7.91. The lowest was 2.04. And the median was 4.40.

KALMF's Cash Ratio is ranked better than
61.94% of 2541 companies
in the Metals & Mining industry
Industry Median: 1.06 vs KALMF: 2.04

Kalgoorlie Gold Mining Cash Ratio Historical Data

The historical data trend for Kalgoorlie Gold Mining'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.

Kalgoorlie Gold Mining Cash Ratio Chart

Kalgoorlie Gold Mining Annual Data
Trend Jun22 Jun23 Jun24
Cash Ratio
7.92 4.40 2.04

Kalgoorlie Gold Mining Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Cash Ratio Get a 7-Day Free Trial 7.92 7.95 4.40 6.56 2.04

Competitive Comparison of Kalgoorlie Gold Mining's Cash Ratio

For the Gold subindustry, Kalgoorlie Gold Mining'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.


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

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

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



Kalgoorlie Gold Mining Cash Ratio Calculation

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

Kalgoorlie Gold Mining'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
=0.4/0.196
=2.04

Kalgoorlie Gold Mining'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
=0.991/0.151
=6.56

* 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.


Kalgoorlie Gold Mining  (OTCPK:KALMF) 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.


Kalgoorlie Gold Mining Cash Ratio Related Terms

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Kalgoorlie Gold Mining Business Description

Traded in Other Exchanges
Address
1209 Hay Street, Level 1, West Perth, Perth, WA, AUS, 6005
Kalgoorlie Gold Mining Ltd is a mineral exploration company. Its project include Bulong Taurus Gold Project, Laverton Tectonic Zone, Keith-Kilkenny Tectonic Zone, Kalgoorlie Project, Pianto South Project, Davies Dam Project and Perrinvale Project.

Kalgoorlie Gold Mining Headlines

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