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Cruz Battery Metals (XCNQ:CRUZ) Cash Ratio : 5.90 (As of Jan. 2024)


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What is Cruz Battery Metals 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. Cruz Battery Metals's Cash Ratio for the quarter that ended in Jan. 2024 was 5.90.

Cruz Battery Metals has a Cash Ratio of 5.90. 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 Cruz Battery Metals's Cash Ratio or its related term are showing as below:

XCNQ:CRUZ' s Cash Ratio Range Over the Past 10 Years
Min: 0.01   Med: 5.63   Max: 275.86
Current: 5.9

During the past 13 years, Cruz Battery Metals's highest Cash Ratio was 275.86. The lowest was 0.01. And the median was 5.63.

XCNQ:CRUZ's Cash Ratio is ranked better than
77.98% of 2589 companies
in the Metals & Mining industry
Industry Median: 1.15 vs XCNQ:CRUZ: 5.90

Cruz Battery Metals Cash Ratio Historical Data

The historical data trend for Cruz Battery 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.

Cruz Battery Metals Cash Ratio Chart

Cruz Battery Metals Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.82 8.16 4.62 0.41 6.17

Cruz Battery Metals Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cash Ratio Get a 7-Day Free Trial 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 11.13 9.55 6.17 5.63 5.90

Competitive Comparison of Cruz Battery Metals's Cash Ratio

For the Other Industrial Metals & Mining subindustry, Cruz Battery 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.


Cruz Battery Metals's Cash Ratio Distribution in the Metals & Mining Industry

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

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



Cruz Battery 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.

Cruz Battery Metals's Cash Ratio for the fiscal year that ended in Jul. 2023 is calculated as:

Cash Ratio (A: Jul. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=1.999/0.324
=6.17

Cruz Battery Metals's Cash Ratio for the quarter that ended in Jan. 2024 is calculated as:

Cash Ratio (Q: Jan. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=1.57/0.266
=5.90

* 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.


Cruz Battery Metals  (XCNQ:CRUZ) 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.


Cruz Battery Metals Cash Ratio Related Terms

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Cruz Battery Metals (XCNQ:CRUZ) Business Description

Traded in Other Exchanges
Address
700 West Georgia Street, Suite 2905, Vancouver, BC, CAN, V7Y1K8
Cruz Battery Metals Corp is an exploration company. Its principal business activities include acquiring and developing high-quality battery metals projects in ethical mining jurisdictions, essential for the rechargeable battery and renewable energy sectors. The projects of the company include War Eagle Cobalt, Diamond Project, Hector Cobalt Prospect, Other Cobalt Prospects, Yukon Quartz Claims, Idaho Cobal Belt Project, Idaho Star Cobalt Prospect, Nevada Clayton Valley W. Lithium Property, and Nevada Solar Lithium Project. The company operates in USA and Canada.

Cruz Battery Metals (XCNQ:CRUZ) Headlines