Zimplats Holdings (ASX:ZIM) Cash Ratio : 0.45 (As of Dec. 2023)

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What is Zimplats Holdings 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. Zimplats Holdings's Cash Ratio for the quarter that ended in Dec. 2023 was 0.45.

Zimplats Holdings has a Cash Ratio of 0.45. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.

The historical rank and industry rank for Zimplats Holdings's Cash Ratio or its related term are showing as below:

ASX:ZIM' s Cash Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.49 Max: 3.82
Current: 0.45

During the past 13 years, Zimplats Holdings's highest Cash Ratio was 3.82. The lowest was 0.16. And the median was 0.49.

ASX:ZIM's Cash Ratio is ranked worse than
66.37% of 2590 companies
in the Metals & Mining industry
Industry Median: 1.18 vs ASX:ZIM: 0.45

Zimplats Holdings Cash Ratio Historical Data

The historical data trend for Zimplats Holdings'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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Zimplats Holdings Cash Ratio Chart

Zimplats Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash Ratio

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0.49

1.20

2.74

2.54

1.62

Zimplats Holdings 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															3.82	2.54	1.71	1.62	0.45

Competitive Comparison of Zimplats Holdings's Cash Ratio

For the Other Precious Metals & Mining subindustry, Zimplats Holdings'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.

Zimplats Holdings's Cash Ratio Distribution in the Metals & Mining Industry

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

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

Zimplats Holdings Cash Ratio Calculation

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

Zimplats Holdings's Cash Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash Ratio (A: Jun. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	377.855	/	232.79
	=	1.62

Zimplats Holdings'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
	=	145.59	/	324.337
	=	0.45

Zimplats Holdings (ASX:ZIM) 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.

Zimplats Holdings Cash Ratio Related Terms

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Zimplats Holdings (ASX:ZIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zimplats Holdings Ltd (ASX:ZIM) » Definitions » Cash Ratio

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ZMPLF:USA

Address

1st and 2nd Floors, Elizabeth House, Les Ruettes Brayes, Saint Peter Port, GGY, GY1 1EW

Website

https://www.zimplats.com

Zimplats Holdings Ltd is engaged in the production of the platinum group and associated metals such as platinum, palladium, rhodium, iridium, ruthenium, osmium, and other associated metals (nickel, gold, copper, cobalt, and silver) from the Great Dyke in Zimbabwe. The Group operates as a vertically integrated mining concern and is managed as a single segment. The Group's operations are based in one geographical location, Zimbabwe.