Enova Mining Ltd Asset Resilience Ratio
Enova Mining Ltd asset resilience ratio. Enova Mining Ltd (ENV) has an Asset Resilience Ratio of 0.97% as of June 2022. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. See ENV cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio of Enova Mining Ltd (2016–2019)
Asset resilience ratio of Enova Mining Ltd from 2016 to 2019. This chart shows how Enova Mining Ltd's Asset Resilience Ratio has changed over time. Read Enova Mining Ltd balance sheet liabilities for a breakdown of total debt and financial obligations.
Liquid Assets Composition Over Time
This chart breaks down Enova Mining Ltd's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. For the complete balance sheet picture, see Enova Mining Ltd balance sheet assets.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | AU$45.00K | 0.97% |
| Short-term Investments | AU$0.00 | 0% |
| Total Liquid Assets | AU$45.00K | 0.97% |
Asset Resilience Insights
- Limited Liquidity: Enova Mining Ltd maintains only 0.97% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company primarily holds liquidity in cash and equivalents rather than short-term investments.
Enova Mining Ltd Industry Peers by Asset Resilience Ratio
Compare Enova Mining Ltd's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Inner Mongolia Xingye Mining Co Ltd
SHE:000426 |
Other Industrial Metals & Mining | -0.30% |
|
JCHX Mining Management Co Ltd
SHG:603979 |
Other Industrial Metals & Mining | 0.02% |
|
Chenzhou Jingui Silver Industry Co Ltd
SHE:002716 |
Other Industrial Metals & Mining | -3.76% |
|
Skeena Resources Ltd
TO:SKE |
Other Industrial Metals & Mining | 1.57% |
|
IGO Ltd
AU:IGO |
Other Industrial Metals & Mining | 4.88% |
|
Altius Minerals Corporation
TO:ALS |
Other Industrial Metals & Mining | 28.52% |
|
Huludao Zinc Industry Co Ltd
SHE:000751 |
Other Industrial Metals & Mining | 0.01% |
|
Major Drilling Group International
TO:MDI |
Other Industrial Metals & Mining | 12.07% |
Enova Mining Ltd Asset Resilience Ratio by Year (2016–2019)
Enova Mining Ltd asset resilience ratio by year from 2016 to 2019. The table below shows the annual Asset Resilience Ratio data for Enova Mining Ltd.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2019-12-31 | 0.52% | AU$22.77K ≈ $16.11K |
AU$4.36 Million ≈ $3.08 Million |
-9.40pp |
| 2018-12-31 | 9.92% | AU$526.53K ≈ $372.55K |
AU$5.31 Million ≈ $3.75 Million |
+7.89pp |
| 2017-12-31 | 2.03% | AU$93.43K ≈ $66.11K |
AU$4.59 Million ≈ $3.25 Million |
-0.35pp |
| 2016-12-31 | 2.39% | AU$109.05K ≈ $77.16K |
AU$4.57 Million ≈ $3.23 Million |
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About Enova Mining Ltd
Enova Mining Limited engages in the exploration for rare earth elements in Australia and Brazil. It primarily explores rare earths, titanium, niobium, and other strategic elements. The company's flagship project is Charley Creek Project located in Northern Territory Australia. Enova Mining Limited was incorporated in 1999 and is based in Moorabbin, Australia.