PT Aneka Tambang Tbk has a Cash Ratio of 1.67. 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 PT Aneka Tambang Tbk's Cash Ratio or its related term are showing as below:
PAEKY'
s Cash Ratio Range Over the Past 10 Years
Min: 0.52 Med: 0.92 Max: 1.86
Current: 1.67
During the past 13 years, PT Aneka Tambang Tbk's highest Cash Ratio was 1.86. The lowest was 0.52. And the median was 0.92.
PAEKY's Cash Ratio is ranked better than 54.25% of 2599
companies
in the Metals & Mining industry
Industry Median: 1.27
vs PAEKY: 1.67
PT Aneka Tambang Tbk Cash Ratio Historical Data
The historical data trend for PT Aneka Tambang Tbk'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.
Competitive Comparison of PT Aneka Tambang Tbk's Cash Ratio
For the Gold subindustry, PT Aneka Tambang Tbk'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.
PT Aneka Tambang Tbk's Cash Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Aneka Tambang Tbk's Cash Ratio distribution charts can be found below:
* The bar in red indicates where PT Aneka Tambang Tbk's Cash Ratio falls into.
PT Aneka Tambang Tbk Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
PT Aneka Tambang Tbk's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
PT Aneka Tambang Tbk (OTCPK:PAEKY) 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.
PT Aneka Tambang Tbk Cash Ratio Related Terms
Thank you for viewing the detailed overview of PT Aneka Tambang Tbk's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
PT Aneka Tambang Tbk (PT Aneka Tambang Tbk) Business Description
PT Aneka Tambang Tbk is an Indonesian mining company that explores, excavates, processes, and sells minerals. ANTAM is split into three operating segments: gold and refinery, nickel, and other. The gold and refinery operating segment, which comprises the majority of ANTAM's total revenue, mines and processes gold and silver. The nickel operating segment, which constitutes nearly all remaining company sales, sells ferronickel and nickel ore. The company operates several mines, which are all located domestically. Nearly half of the company's revenue is generated within Indonesia, and the remainder comes from exports to East Asia and South Asia.
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