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.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2016–2019)
This chart shows how Enova Mining Ltd's Asset Resilience Ratio has changed over time. Check ENV PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
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 market capitalisation and broader financial context, see ENV company net worth.
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 |
|---|---|---|
|
Spruce Ridge Resources Ltd.
V:SHL |
Other Industrial Metals & Mining | 30.19% |
|
Teck Resources Limited
TO:TECK-B |
Other Industrial Metals & Mining | -2.10% |
|
Inner Mongolia Xingye Mining Co Ltd
SHE:000426 |
Other Industrial Metals & Mining | -0.30% |
|
Rising Nonferrous Metals Share Co Ltd
SHG:600259 |
Other Industrial Metals & Mining | 7.31% |
|
Vale Indonesia Tbk
JK:INCO |
Other Industrial Metals & Mining | 0.07% |
|
Lithium Argentina AG
NYSE:LAR |
Other Industrial Metals & Mining | 5.53% |
|
EQ Resources Ltd
AU:EQR |
Other Industrial Metals & Mining | 0.34% |
|
Standard Lithium Ltd
NYSE MKT:SLI |
Other Industrial Metals & Mining | 18.46% |
Annual Asset Resilience Ratio for Enova Mining Ltd (2016–2019)
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.