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Falcon Gold (TSXV:FG) Cash Ratio : 0.14 (As of Mar. 2024)


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What is Falcon Gold 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. Falcon Gold's Cash Ratio for the quarter that ended in Mar. 2024 was 0.14.

Falcon Gold has a Cash Ratio of 0.14. 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 Falcon Gold's Cash Ratio or its related term are showing as below:

TSXV:FG' s Cash Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.28   Max: 7.51
Current: 0.14

During the past 13 years, Falcon Gold's highest Cash Ratio was 7.51. The lowest was 0.01. And the median was 0.28.

TSXV:FG's Cash Ratio is ranked worse than
81.24% of 2542 companies
in the Metals & Mining industry
Industry Median: 1.06 vs TSXV:FG: 0.14

Falcon Gold Cash Ratio Historical Data

The historical data trend for Falcon Gold'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.

Falcon Gold Cash Ratio Chart

Falcon Gold Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.41 4.94 1.01 0.61

Falcon Gold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.27 0.61 0.28 0.15 0.14

Competitive Comparison of Falcon Gold's Cash Ratio

For the Gold subindustry, Falcon Gold'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.


Falcon Gold's Cash Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Falcon Gold's Cash Ratio falls into.



Falcon Gold Cash Ratio Calculation

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

Falcon Gold's Cash Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash Ratio (A: Jun. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.445/0.732
=0.61

Falcon Gold's Cash Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash Ratio (Q: Mar. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.185/1.367
=0.14

* 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.


Falcon Gold  (TSXV:FG) 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.


Falcon Gold Cash Ratio Related Terms

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Falcon Gold Business Description

Traded in Other Exchanges
Address
Melville Street, Suite 1100-1111, Vancouver, BC, CAN, V6C 2V6
Falcon Gold Corp is engaged in acquiring, exploring, and advancing quality mining projects in the Americas. Its projects include Esperanza Property, Central Canada Gold & Polymetalic Project, Camping Lake, Spitfire & Sunny Boy Claims, Burton Gold Property, and Springpole West Property.
Executives
Karim Rayani Director
James Donald Farley Director
David Geophry Tafel Director