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Galway Metals Cash Ratio

: 0.00 (As of Jun. 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. Galway Metals's Cash Ratio for the quarter that ended in Jun. 2021 was 0.00.

Galway Metals 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 Galway Metals's Cash Ratio or its related term are showing as below:

OTCPK:GAYMF' s Cash Ratio Range Over the Past 10 Years
Min: 3.11   Med: 25.29   Max: 116.64
Current: 3.11

3.11
116.64

During the past 9 years, Galway Metals's highest Cash Ratio was 116.64. The lowest was 3.11. And the median was 25.29.

OTCPK:GAYMF's Cash Ratio is ranked higher than
55% of the 2388 Companies
in the Metals & Mining industry.

( Industry Median: 2.40 vs. OTCPK:GAYMF: 3.11 )

Galway Metals Cash Ratio Historical Data

The historical data trend for Galway 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.

Galway Metals Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cash Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.51 7.86 11.50 4.89 3.53

Galway Metals Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 Gold subindustry, Galway 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.

   

Galway Metals Cash Ratio Distribution

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

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



Galway 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.

Galway Metals'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
=11.984542118823/3.3905847451011
=3.53

Galway Metals's Cash Ratio for the quarter that ended in Jun. 2021 is calculated as:

Cash Ratio (Q: Jun. 2021 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=16.769230769231/5.3887070376432
=3.11

* 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.


Galway Metals  (OTCPK:GAYMF) 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.


Galway Metals Cash Ratio Related Terms

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Galway Metals Business Description

Galway Metals logo
Industry
Basic Materials » Metals & Mining NAICS : 212221 SIC : 611
Traded in Other Exchanges
Address
82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1
Galway Metals Inc is an exploration-stage company. It is in the process of exploring for, and delineating resources at the Clarence Stream and Estrades gold projects, located in Canada's jurisdictions of New Brunswick and Quebec, respectively. The company's only operating segment is the acquisition, exploration, and development of mineral resource properties. It explores for gold at Clarence Stream and gold, silver, zinc, copper, and lead at Estrades.

Galway Metals Headlines

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