Antofagasta (Antofagasta) Cash Ratio : 1.54 (As of Dec. 2023)

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What is Antofagasta 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. Antofagasta's Cash Ratio for the quarter that ended in Dec. 2023 was 1.54.

Antofagasta has a Cash Ratio of 1.54. 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 Antofagasta's Cash Ratio or its related term are showing as below:

ANFGF' s Cash Ratio Range Over the Past 10 Years
Min: 1.2 Med: 1.47 Max: 2.36
Current: 1.54

During the past 13 years, Antofagasta's highest Cash Ratio was 2.36. The lowest was 1.20. And the median was 1.47.

ANFGF's Cash Ratio is ranked better than
52.56% of 2599 companies
in the Metals & Mining industry
Industry Median: 1.27 vs ANFGF: 1.54

Antofagasta Cash Ratio Historical Data

The historical data trend for Antofagasta'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.

Antofagasta Cash Ratio Chart

Antofagasta Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

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1.42

2.26

2.36

1.49

1.54

Antofagasta Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash Ratio	Get a 7-Day Free Trial															2.36	2.44	1.49	1.43	1.54

Competitive Comparison of Antofagasta's Cash Ratio

For the Copper subindustry, Antofagasta'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.

Antofagasta's Cash Ratio Distribution in the Metals & Mining Industry

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

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

Antofagasta Cash Ratio Calculation

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

Antofagasta'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
	=	3376.6	/	2189.3
	=	1.54

Antofagasta'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
	=	3376.6	/	2189.3
	=	1.54

Antofagasta (OTCPK:ANFGF) 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.

Antofagasta Cash Ratio Related Terms

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Antofagasta (Antofagasta) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Antofagasta PLC (OTCPK:ANFGF) » Definitions » Cash Ratio

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ANTOl:UK ANTO:UK FG1:Germany

Address

103 Mount Street, London, GBR, W1K 2TJ

Website

https://www.antofagasta.co.uk

Antofagasta PLC is a Chilean copper mining company. The company operates four copper mines in Chile, two of which produce significant volumes of by-products. The company also has a portfolio of growth opportunities located mainly in Chile. In addition to mining, the company has a transport division providing rail and road cargo services in northern Chile to mining customers. All of the company's operations are located in the Antofagasta Region of northern Chile except for its flagship operation, Los Pelambres, which is in the Coquimbo Region of central Chile. The operating business segments are Los Pelambres, Centinela, Antucoya, Zaldivar, Exploration and evaluation, Corporate and other items, and Transport division. The Los Pelambres segment drives maximum revenue.