Skeena Resources (TSX:SKE) Cash Ratio : 3.67 (As of Dec. 2023)

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What is Skeena Resources 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. Skeena Resources's Cash Ratio for the quarter that ended in Dec. 2023 was 3.67.

Skeena Resources has a Cash Ratio of 3.67. 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 Skeena Resources's Cash Ratio or its related term are showing as below:

TSX:SKE' s Cash Ratio Range Over the Past 10 Years
Min: 0.39 Med: 1.64 Max: 3.67
Current: 3.67

During the past 13 years, Skeena Resources's highest Cash Ratio was 3.67. The lowest was 0.39. And the median was 1.64.

TSX:SKE's Cash Ratio is ranked better than
68.78% of 2598 companies
in the Metals & Mining industry
Industry Median: 1.255 vs TSX:SKE: 3.67

Skeena Resources Cash Ratio Historical Data

The historical data trend for Skeena 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.

* Premium members only.

Skeena Resources Cash Ratio Chart

Skeena Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

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1.57

1.69

1.62

2.06

3.67

Skeena Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash Ratio	Get a 7-Day Free Trial															2.06	1.34	4.45	1.14	3.67

Competitive Comparison of Skeena Resources's Cash Ratio

For the Other Industrial Metals & Mining subindustry, Skeena 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.

Skeena Resources's Cash Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Skeena Resources's Cash Ratio falls into.

Skeena 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.

Skeena Resources's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	92.689	/	25.235
	=	3.67

Skeena Resources's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	92.689	/	25.235
	=	3.67

Skeena Resources (TSX:SKE) 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.

Skeena Resources Cash Ratio Related Terms

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Skeena Resources (TSX:SKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Skeena Resources Ltd (TSX:SKE) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

SKE:USA RXF:Germany

Address

1021 West Hastings Street, Suite 650, Vancouver, BC, CAN, V6E 0C3

Website

https://www.skeenaresources.com

Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company's primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.