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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. NioCorp Developments's Cash Ratio for the quarter that ended in Jun. 2024 was 0.17.
NioCorp Developments has a Cash Ratio of 0.17. 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 NioCorp Developments's Cash Ratio or its related term are showing as below:
During the past 13 years, NioCorp Developments's highest Cash Ratio was 1.96. The lowest was 0.02. And the median was 0.14.
The historical data trend for NioCorp Developments'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.
NioCorp Developments Annual Data | |||||||||||||||||||||
Trend | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | Jun24 | |||||||||||
Cash Ratio | Get a 7-Day Free Trial | 0.04 | 1.87 | 1.04 | 0.66 | 0.17 |
NioCorp Developments Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Cash Ratio | Get a 7-Day Free Trial | 0.66 | 0.09 | 0.05 | 0.02 | 0.17 |
For the Other Industrial Metals & Mining subindustry, NioCorp Developments'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.
For the Metals & Mining industry and Basic Materials sector, NioCorp Developments's Cash Ratio distribution charts can be found below:
* The bar in red indicates where NioCorp Developments's Cash Ratio falls into.
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
NioCorp Developments's Cash Ratio for the fiscal year that ended in Jun. 2024 is calculated as:
Cash Ratio (A: Jun. 2024 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 2.012 | / | 11.964 | |
= | 0.17 |
NioCorp Developments's Cash Ratio for the quarter that ended in Jun. 2024 is calculated as:
Cash Ratio (Q: Jun. 2024 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 2.012 | / | 11.964 | |
= | 0.17 |
* 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.
NioCorp Developments (NAS:NB) 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.
Thank you for viewing the detailed overview of NioCorp Developments's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Dean C Kehler | director | C/O TRIMARAN CAPITAL PARTNERS, 622 THIRD AVENUE, 35TH FLOOR, NEW YORK NY 10017 |
Michael G Maselli | director | 1325 AVENUE OF THE AMERICAS, 25TH FLOOR, NEW YORK NY 10019 |
Peter Robert Oliver | director | 7000 S YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
Nilsa Guerrero-mahon | director | 7000 S. YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
Klamas Fernanda Reda Fenga Viana | director | 7000 S YOSEMITE ST, SUITE 115, CENTENNIAL CO 80112 |
Mark A. Smith | director, officer: President, CEO & Chairman | 5619 DENVER TECH CENTER PARKWAY, SUITE 1000, GREENWOOD VILLAGE CO 80111 |
Anna Castner Wightman | director | C/O NIOCORP DEVELOPMENTS LTD., 7000 YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
Ashburn John F. Jr. | officer: VP, Gen. Counsel & Corp. Sec. | 5619 DENVER TECH CENTER PARKWAY, SUITE 1000, GREENWOOD VILLAGE CO 80111 |
Joseph A Carrabba | director | CLEVELAND CLIFFS INC, 1100 SUPERIOR AVENUE, CLEVELAND OH 44114 |
Michael James Morris | director | 545 12TH STREET, PASO ROBLES CA 93445 |
Beling David Coates | director | 897 QUAIL RUN DRIVE, GRAND JUNCTION CO 81505 |
Neal S. Shah | officer: Chief Financial Officer | C/O NIOCORP DEVELOPMENTS LTD., 7000 YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
James T. Sims | officer: VP - External Affairs | C/O NIOCORP DEVELOPMENTS LTD., 7000 YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
Scott Honan | officer: VP - Business Development | C/O NIOCORP DEVELOPMENTS LTD., 7000 YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
Joe D Cecil | director |
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