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. Trilogy Metals's Cash Ratio for the quarter that ended in May. 2022 was 4.69.
Trilogy Metals has a Cash Ratio of 4.69. 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 Trilogy Metals's Cash Ratio or its related term are showing as below:
TMQ'
s Cash Ratio Range Over the Past 10 Years
Min: 1.38 Med: 8.88 Max: 29.53
Current: 4.69
During the past 12 years, Trilogy Metals's highest Cash Ratio was 29.53. The lowest was 1.38. And the median was 8.88.
TMQ's Cash Ratio is ranked better than 62.87% of 2478
companies
in the Metals & Mining industry
Industry Median: 2.50
vs TMQ: 4.69
Trilogy Metals Cash Ratio Historical Data
The historical data trend for Trilogy Metals'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.
Trilogy Metals Annual Data
Trend
Nov12
Nov13
Nov14
Nov15
Nov16
Nov17
Nov18
Nov19
Nov20
Nov21
Cash Ratio
1.86
13.88
8.15
10.64
6.12
Trilogy Metals Quarterly Data
Aug17
Nov17
Feb18
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Cash Ratio
7.78
12.18
6.12
6.40
4.69
Competitive Comparison
For the Other Industrial Metals & Mining subindustry, Trilogy Metals'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.
Trilogy Metals Cash Ratio Distribution
For the Metals & Mining industry and Basic Materials sector, Trilogy Metals's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Trilogy Metals's Cash Ratio falls into.
Trilogy Metals Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Trilogy Metals's Cash Ratio for the fiscal year that ended in Nov. 2021 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.
Trilogy Metals (AMEX:TMQ) 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.
Trilogy Metals Cash Ratio Related Terms
Thank you for viewing the detailed overview of Trilogy Metals's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Trilogy Metals Inc is an exploration stage company engaged in mineral exploration. The company focuses on exploring and developing its mineral resource properties, which include the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), in the Ambler mining district located in Alaska, the United States. Its properties have the Arctic copper-zinc- lead-gold-silver project and other mineralized targets within a volcanogenic massive sulfide belt, and it also has a bornite carbonate-hosted copper project.
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