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Canterra Minerals Cash Ratio

: 0.00 (As of Sep. 2021)
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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. Canterra Minerals's Cash Ratio for the quarter that ended in Sep. 2021 was 0.00.

Canterra Minerals has a Cash Ratio of 0.00. 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 Canterra Minerals's Cash Ratio or its related term are showing as below:

OTCPK:CTMCF' s Cash Ratio Range Over the Past 10 Years
Min: 0.02   Med: 1.8   Max: 264
Current: 28.88

0.02
264

During the past 13 years, Canterra Minerals's highest Cash Ratio was 264.00. The lowest was 0.02. And the median was 1.80.

OTCPK:CTMCF's Cash Ratio is ranked higher than
92% of the 2388 Companies
in the Metals & Mining industry.

( Industry Median: 2.40 vs. OTCPK:CTMCF: 28.88 )

Canterra Minerals Cash Ratio Historical Data

The historical data trend for Canterra Minerals'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.

Canterra Minerals Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cash Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.18 0.05 0.07 0.07 11.68

Canterra Minerals Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Cash Ratio 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 Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison

For the Other Precious Metals & Mining subindustry, Canterra Minerals'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.

   

Canterra Minerals Cash Ratio Distribution

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

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



Canterra Minerals Cash Ratio Calculation

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

Canterra Minerals's Cash Ratio for the fiscal year that ended in Dec. 2020 is calculated as:

Cash Ratio (A: Dec. 2020 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=3.0096026231556/0.25763135295495
=11.68

Canterra Minerals's Cash Ratio for the quarter that ended in Sep. 2021 is calculated as:

Cash Ratio (Q: Sep. 2021 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=3.441717307237/0.11916975771447
=28.88

* 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.


Canterra Minerals  (OTCPK:CTMCF) 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.


Canterra Minerals Cash Ratio Related Terms

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Canterra Minerals Business Description

Canterra Minerals logo
Industry
Basic Materials » Metals & Mining NAICS : 212299 SIC : 619
Traded in Other Exchanges
Address
625 Howe Street, Suite 1020, Vancouver, BC, CAN, V6C 2T6
Canterra Minerals Corp is an exploration-stage company. It is engaged in the acquisition, exploration, and evaluation of mineral properties. The group primarily specializes in diamond exploration within the Northwest Territories. It holds an interest in projects and properties such as Gwen, Hilltop, King, Marlin in the Northwest Territories, and Buffalo Hills in Alberta.
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