Monumental Energy has a Cash Ratio of 33.52. 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 Monumental Energy's Cash Ratio or its related term are showing as below:
TSXV:MNRG'
s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 14.07 Max: 80.98
Current: 33.52
During the past 4 years, Monumental Energy's highest Cash Ratio was 80.98. The lowest was 0.02. And the median was 14.07.
TSXV:MNRG's Cash Ratio is ranked better than 96.84% of 2591
companies
in the Metals & Mining industry
Industry Median: 1.1
vs TSXV:MNRG: 33.52
Monumental Energy Cash Ratio Historical Data
The historical data trend for Monumental Energy'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 Monumental Energy's Cash Ratio
For the Other Industrial Metals & Mining subindustry, Monumental Energy'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.
Monumental Energy's Cash Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Monumental Energy's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Monumental Energy's Cash Ratio falls into.
Monumental Energy Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Monumental Energy's Cash Ratio for the fiscal year that ended in Sep. 2023 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.
Monumental Energy (TSXV:MNRG) 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.
Monumental Energy Cash Ratio Related Terms
Thank you for viewing the detailed overview of Monumental Energy's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Monumental Energy (TSXV:MNRG) Business Description
1122 Mainland Street, Suite 228, Vancouver, BC, CAN, V6B 5L1
Website
Monumental Energy Corp Formerly Monumental Minerals Corp is an exploration stage company engaged in the acquisition and exploration of mineral properties. The Company's current projects are the Jemi Property, the Laguna Property and the Turi Property. The Jemi Property is located in the Ocampo municipality, a relatively remote region of western Coahuila state, Mexico. The Laguna Property is located near the town of San Pedro de Atacama, Chile. The Turi Property is located within the Lithium triangle northwest from the Salar de Laguna Blanca and northeast from the city of Calama, Chile. Geographically, the company generates revenue from Chile.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSXV:MNRG has been successfully added to your 