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TCVNF (Tocvan Ventures) Cash Ratio : 0.38 (As of May. 2024)


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What is Tocvan Ventures 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. Tocvan Ventures's Cash Ratio for the quarter that ended in May. 2024 was 0.38.

Tocvan Ventures has a Cash Ratio of 0.38. 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 Tocvan Ventures's Cash Ratio or its related term are showing as below:

TCVNF' s Cash Ratio Range Over the Past 10 Years
Min: 0.26   Med: 1.83   Max: 8.63
Current: 0.38

During the past 6 years, Tocvan Ventures's highest Cash Ratio was 8.63. The lowest was 0.26. And the median was 1.83.

TCVNF's Cash Ratio is ranked worse than
67.49% of 2541 companies
in the Metals & Mining industry
Industry Median: 1.06 vs TCVNF: 0.38

Tocvan Ventures Cash Ratio Historical Data

The historical data trend for Tocvan Ventures'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.

Tocvan Ventures Cash Ratio Chart

Tocvan Ventures Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cash Ratio
Get a 7-Day Free Trial 6.06 8.58 1.83 0.47 0.38

Tocvan Ventures Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 0.55 0.38 0.41 0.26 0.38

Competitive Comparison of Tocvan Ventures's Cash Ratio

For the Other Industrial Metals & Mining subindustry, Tocvan Ventures'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.


Tocvan Ventures's Cash Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Tocvan Ventures's Cash Ratio falls into.



Tocvan Ventures Cash Ratio Calculation

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

Tocvan Ventures's Cash Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

Cash Ratio (A: Aug. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=1.021/2.687
=0.38

Tocvan Ventures's Cash Ratio for the quarter that ended in May. 2024 is calculated as:

Cash Ratio (Q: May. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.884/2.33
=0.38

* 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.


Tocvan Ventures  (OTCPK:TCVNF) 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.


Tocvan Ventures Cash Ratio Related Terms

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Tocvan Ventures Business Description

Traded in Other Exchanges
Address
1130 West Pender Street, Suite 820, Vancouver, BC, CAN, V6E 4A4
Tocvan Ventures Corp is engaged in the evaluation, acquisition, and exploration of mineral resource properties. The firm's projects includes, El Picacho and Pilar Gold Project.