Rubix Resources (ASX:RB6) Net Cash per Share : A$0.04 (As of Dec. 2023)

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What is Rubix Resources Net Cash per Share?

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). Rubix Resources's Net Cash per Share for the quarter that ended in Dec. 2023 was A$0.04.

The historical rank and industry rank for Rubix Resources's Net Cash per Share or its related term are showing as below:

ASX:RB6' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 1.09 Med: 1.86 Max: 3.29
Current: 2.15

During the past 2 years, the highest Price-to-Net-Cash Ratio of Rubix Resources was 3.29. The lowest was 1.09. And the median was 1.86.

ASX:RB6's Price-to-Net-Cash is ranked better than
75.78% of 805 companies
in the Metals & Mining industry
Industry Median: 5.24 vs ASX:RB6: 2.15

Rubix Resources Net Cash per Share Historical Data

The historical data trend for Rubix Resources's Net Cash per Share 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.

Rubix Resources Net Cash per Share Chart

Rubix Resources Annual Data

Trend

Jun22

Jun23

Net Cash per Share

0.11

0.07

Rubix Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Net Cash per Share	0.12	0.11	0.07	0.07	0.04

Competitive Comparison of Rubix Resources's Net Cash per Share

For the Other Precious Metals & Mining subindustry, Rubix Resources's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.

Rubix Resources's Price-to-Net-Cash Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rubix Resources's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Rubix Resources's Price-to-Net-Cash falls into.

Rubix Resources Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

Rubix Resources's Net Cash per Share for the fiscal year that ended in Jun. 2023 is calculated as

	Net Cash per Share (A: Jun. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2.469	-	0.196	-	0)	/	34.95
=	0.07

Rubix Resources's Net Cash per Share for the quarter that ended in Dec. 2023 is calculated as

	Net Cash per Share (Q: Dec. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2.837	-	0.184	-	0)	/	61.45
=	0.04

Rubix Resources (ASX:RB6) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.

Rubix Resources Net Cash per Share Related Terms

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Rubix Resources (ASX:RB6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rubix Resources Ltd (ASX:RB6) » Definitions » Net Cash per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.rubixresources.com.au

Rubix Resources Ltd is an exploration and mining company. It explores copper, nickel, zinc and gold minerals. The firm is engaged in the exploration of the Paperbark Project which is located near the Gulf of Carpentaria of Northwest Queensland, Australia. Etheridge Project is located in the Etheridge Goldfield of Georgetown Inlier, north Queensland. The Lake Johnston Project is located approximately 105km west of Norseman and covers the large salt pans of Lake Johnston. The Collurabbie North Project is located in the North-Eastern Goldfields Province of Western Australia.

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