The Canadian Chrome Co has a Cash Ratio of 0.05. 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 The Canadian Chrome Co's Cash Ratio or its related term are showing as below:
XCNQ:CACR.A'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 23.41
Current: 0.05
During the past 13 years, The Canadian Chrome Co's highest Cash Ratio was 23.41. The lowest was 0.01. And the median was 0.11.
XCNQ:CACR.A's Cash Ratio is ranked worse than 89.49% of 2598
companies
in the Metals & Mining industry
Industry Median: 1.255
vs XCNQ:CACR.A: 0.05
* 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 The Canadian Chrome Co's Cash Ratio
For the Other Industrial Metals & Mining subindustry, The Canadian Chrome Co'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.
The Canadian Chrome Co's Cash Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, The Canadian Chrome Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where The Canadian Chrome Co's Cash Ratio falls into.
The Canadian Chrome Co Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
The Canadian Chrome Co'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.
The Canadian Chrome Co (XCNQ:CACR.A) 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.
The Canadian Chrome Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of The Canadian Chrome Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
The Canadian Chrome Co (XCNQ:CACR.A) Business Description
KWG Resources Inc is a Canada-based mineral exploration company. It is engaged in the exploration and evaluation of base and precious metals and in the development of a transportation link to access the areas where these are located. It also has interests in technology relating to the production of chromium iron alloys. The company is focused on the development of chromite deposits in the James Bay Lowlands of Northern Ontario, Canada. Its properties include Black Horse, Koper Lake, and McFaulds Lake. The Company's operations comprise a single reporting operating segment engaged in mineral exploration in Canada.
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