Minco Capital (TSXV:MMM) Cash Ratio : 65.94 (As of Dec. 2023)

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What is Minco Capital 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. Minco Capital's Cash Ratio for the quarter that ended in Dec. 2023 was 65.94.

Minco Capital has a Cash Ratio of 65.94. 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 Minco Capital's Cash Ratio or its related term are showing as below:

TSXV:MMM' s Cash Ratio Range Over the Past 10 Years
Min: 0.47 Med: 88.14 Max: 167.63
Current: 65.94

During the past 13 years, Minco Capital's highest Cash Ratio was 167.63. The lowest was 0.47. And the median was 88.14.

TSXV:MMM's Cash Ratio is ranked better than
91.59% of 666 companies
in the Asset Management industry
Industry Median: 1.57 vs TSXV:MMM: 65.94

Minco Capital Cash Ratio Historical Data

The historical data trend for Minco Capital'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.

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Minco Capital Cash Ratio Chart

Minco Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

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167.63

127.26

65.33

82.54

65.94

Minco Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash Ratio	Get a 7-Day Free Trial															82.54	78.74	123.94	80.82	65.94

Competitive Comparison of Minco Capital's Cash Ratio

For the Asset Management subindustry, Minco Capital'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.

Minco Capital's Cash Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Minco Capital's Cash Ratio distribution charts can be found below:

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

Minco Capital Cash Ratio Calculation

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

Minco Capital'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
	=	5.539	/	0.084
	=	65.94

Minco Capital'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
	=	5.539	/	0.084
	=	65.94

Minco Capital (TSXV:MMM) 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.

Minco Capital Cash Ratio Related Terms

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Minco Capital (TSXV:MMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Minco Capital Corp (TSXV:MMM) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

MGHCF:USA MI5:Germany

Address

No. 2060 - 1055 West Georgia Street, PO Box 11176, Vancouver, BC, CAN, V6E 3R5

Website

http://www.mincocapitalcorp.com

Minco Capital Corp is a Canadian company that is focused on utilizing its working capital position, industry contacts and internal expertise to identify, evaluate and invest in assets that have the capacity to generate returns and growth. The company invests in publicly traded and privately held corporations as well as taking indirect and direct ownership stakes in resource projects. Its types of investments may include common shares, preferred shares, warrants, royalties, convertible debentures, bridge loans, and other investment vehicles. It has one segment which is the acquisition and sale of investments in other companies.