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Thistle ResourcesTRCGF -6.25%10 Cash Ratio is 0.29 as of Mar. 2026, which is 164% above its 10-year median of 0.11. GuruFocus rates TRCGF with a GF Score™ of 10/100. Among 2,570 Metals & Mining companies, Thistle Resources ranks worse than 78.75% on this metric.
Thistle Resources has a Cash Ratio of 0.29. 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 Thistle Resources's Cash Ratio or its related term are showing as below:
TRCGF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.11 Max: 0.29
Current: 0.29
During the past 4 years, Thistle Resources's highest Cash Ratio was 0.29. The lowest was 0.02. And the median was 0.11.
TRCGF's Cash Ratio is ranked worse than 78.75% of 2570
companies
in the Metals & Mining industry
Industry Median: 1.85
vs TRCGF: 0.29
Thistle Resources (OTCPK:TRCGF) 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.
Thistle Resources Cash Ratio Related Terms
Thistle Resources Cash Ratio Historical Data
* Premium members only.
The historical data trend for Thistle 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.
For the Other Industrial Metals & Mining subindustry, Thistle 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.
Thistle Resources Cash Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Thistle Resources's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Thistle Resources'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.
Thistle Resources (TRCGF) has a Cash Ratio of 0.29 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Thistle Resources and its competitors. This is 164% above median its historical median of 0.11. Over the past decade, Thistle Resources' Cash Ratio has ranged from 0.02 to 0.29. According to the industry distribution chart, Thistle Resources ranks #2024 out of 2570 companies in the Metals & Mining industry, placing it in the top 78.8%.
Is Thistle Resources' Cash Ratio too high?
Thistle Resources' current Cash Ratio of 0.29 is 164% above median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.29. The Metals & Mining industry median Cash Ratio is 1.85. Thistle Resources' value of 0.29 is 84.3% below this industry median. Based on the distribution chart, Thistle Resources ranks #2024 out of 2570 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Thistle Resources has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Thistle Resources' Cash Ratio compare to ?
According to the Metals & Mining industry distribution chart, Thistle Resources ranks #2024 out of 2570 companies for Cash Ratio. This places Thistle Resources in the lower half of its industry. The industry median Cash Ratio is 1.85. Thistle Resources' value of 0.29 is 84.3% below this benchmark. Historically, Thistle Resources' own Cash Ratio has ranged from 0.02 to 0.29 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 1.85, Thistle Resources has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Metals & Mining company?
The median Cash Ratio among Metals & Mining companies is 1.85, based on 2,570 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thistle Resources's current Cash Ratio of 0.29 is 84.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Thistle Resources and its competitors. For the Metals & Mining industry, the median Cash Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thistle Resources's current Cash Ratio is 0.29, which is 164% above median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thistle Resources stock overvalued right now?
Thistle Resources (TRCGF) has a current Cash Ratio of 0.29. The current Cash Ratio is 0.29, which is 164% above median its 10-year median of 0.11 and 84.3% below the Metals & Mining industry median of 1.85. Thistle Resources' overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Thistle Resources (TRCGF), the current Cash Ratio is 0.29 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Thistle Resources Inc is engaged in base and precious metal exploration in the Bathurst Mining Camp, New Brunswick, and the Cape Breton Highlands Region, Nova Scotia. The company wholly-owns the following mineral exploration projects: Middle River Gold Project; Middle River VMS Project; Celtic Highlands Project and Alba Forks Project. It has acquired the option to purchase the mineral claims associated with the Brunswick Gold-Silver Project.
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