Perpetua Resources has a Cash Ratio of 1.23. 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 Perpetua Resources's Cash Ratio or its related term are showing as below:
PPTA'
s Cash Ratio Range Over the Past 10 Years
Min: 0.28 Med: 6.57 Max: 27.36
Current: 1.23
During the past 13 years, Perpetua Resources's highest Cash Ratio was 27.36. The lowest was 0.28. And the median was 6.57.
PPTA's Cash Ratio is ranked better than 52.74% of 2541
companies
in the Metals & Mining industry
Industry Median: 1.06
vs PPTA: 1.23
Perpetua Resources Cash Ratio Historical Data
The historical data trend for Perpetua Resources'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.
Competitive Comparison of Perpetua Resources's Cash Ratio
For the Other Precious Metals & Mining subindustry, Perpetua Resources'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.
Perpetua Resources's Cash Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Perpetua Resources's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Perpetua Resources's Cash Ratio falls into.
Perpetua Resources Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Perpetua Resources's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
Perpetua Resources (NAS:PPTA) 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.
Perpetua Resources Cash Ratio Related Terms
Thank you for viewing the detailed overview of Perpetua Resources's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Perpetua Resources Corp is focused on the exploration, site restoration, and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open-pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. It has one segment, mineral exploration in the United States.
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