Temas Resources has a Cash Ratio of 0.26. 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 Temas Resources's Cash Ratio or its related term are showing as below:
TMASF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.03 Med: 2.29 Max: 37
Current: 0.26
During the past 5 years, Temas Resources's highest Cash Ratio was 37.00. The lowest was 0.03. And the median was 2.29.
TMASF's Cash Ratio is ranked worse than 73.01% of 2542
companies
in the Metals & Mining industry
Industry Median: 1.06
vs TMASF: 0.26
Temas Resources Cash Ratio Historical Data
The historical data trend for Temas 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 Temas Resources's Cash Ratio
For the Other Industrial Metals & Mining subindustry, Temas 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.
Temas Resources's Cash Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Temas Resources's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Temas Resources's Cash Ratio falls into.
Temas 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.
Temas Resources's Cash Ratio for the fiscal year that ended in Dec. 2022 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.
Temas Resources (OTCPK:TMASF) 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.
Temas Resources Cash Ratio Related Terms
Thank you for viewing the detailed overview of Temas Resources's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Temas Resources Corp is focused on the advancement of mineral independence and the processes in which minerals are extracted in an environmentally friendly manner. It invests in and works to apply green technology across its mining portfolio to reduce the environmental impact and carbon footprint of metal extraction through advanced processing and patented leaching technologies. Its flagship properties are located in the stable, mining-friendly jurisdiction of Quebec (Canada) bordering Vermont, Maine, and New York State (U.S.) in an area known as the Grenville Geological Province. The Grenville Geological Province is home to Lac Tio, the solid ilmenite deposit in the world.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TMASF has been successfully added to your 