International Tower Hill Mines has a Cash Ratio of 5.60. 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 International Tower Hill Mines's Cash Ratio or its related term are showing as below:
THM'
s Cash Ratio Range Over the Past 10 Years
Min: 1.49 Med: 13 Max: 26.49
Current: 5.61
During the past 13 years, International Tower Hill Mines's highest Cash Ratio was 26.49. The lowest was 1.49. And the median was 13.00.
THM's Cash Ratio is ranked better than 77.72% of 2500
companies
in the Metals & Mining industry
Industry Median: 1.015
vs THM: 5.61
International Tower Hill Mines Cash Ratio Historical Data
* 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 International Tower Hill Mines's Cash Ratio
For the Gold subindustry, International Tower Hill Mines'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.
International Tower Hill Mines's Cash Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, International Tower Hill Mines's Cash Ratio distribution charts can be found below:
* The bar in red indicates where International Tower Hill Mines's Cash Ratio falls into.
* 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.
International Tower Hill Mines (AMEX:THM) 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.
International Tower Hill Mines Cash Ratio Related Terms
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International Tower Hill Mines Business Description
International Tower Hill Mines Ltd is a mining company. It is engaged in the acquisition, exploration, and development of mineral properties. The company holds interests in an exploration project namely the Livengood Gold Project. It is located in northwest of Fairbanks, Alaska in the Tolovana mining district within the Tintina gold belt. The project property consists of land leased from the Alaska Mental Health Trust, several smaller private mineral leases, Alaska state mining claims purchased or located by the company, and the patented ground held by the company.
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