Firetail Resources Ltd - Asset Resilience Ratio
Firetail Resources Ltd (FTL) has an Asset Resilience Ratio of 3.67% as of December 2024. 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. Check how strategically is Firetail Resources Ltd's equity deployed to assess the company's strategic physical and investment asset allocation.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2022–2024)
This chart shows how Firetail Resources Ltd's Asset Resilience Ratio has changed over time. See Firetail Resources Ltd net asset quality index to measure how much of total assets are equity-financed.
Liquid Assets Composition Over Time
This chart breaks down Firetail Resources 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 market cap of Firetail Resources Ltd.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | AU$1.02 Million | 3.67% |
| Short-term Investments | AU$0.00 | 0% |
| Total Liquid Assets | AU$1.02 Million | 3.67% |
Asset Resilience Insights
- Limited Liquidity: Firetail Resources Ltd maintains only 3.67% 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.
Firetail Resources Ltd Industry Peers by Asset Resilience Ratio
Compare Firetail Resources Ltd's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Triple Flag Precious Metals Corp
TO:TFPM |
Other Precious Metals & Mining | 7.79% |
|
Elemental Royalties Corp
V:ELE |
Other Precious Metals & Mining | 1.78% |
|
Zimplats Holdings Ltd
AU:ZIM |
Other Precious Metals & Mining | 0.28% |
|
GoGold Resources Inc.
TO:GGD |
Other Precious Metals & Mining | 47.60% |
|
Minerals 260 Ltd
AU:MI6 |
Other Precious Metals & Mining | 0.29% |
|
Santana Minerals Ltd
AU:SMI |
Other Precious Metals & Mining | 55.11% |
|
Challenger Gold Ltd
AU:CEL |
Other Precious Metals & Mining | 21.01% |
|
Strickland Metals Ltd
AU:STK |
Other Precious Metals & Mining | 17.68% |
Annual Asset Resilience Ratio for Firetail Resources Ltd (2022–2024)
The table below shows the annual Asset Resilience Ratio data for Firetail Resources Ltd.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2024-06-30 | 21.21% | AU$4.70 Million ≈ $3.32 Million |
AU$22.15 Million ≈ $15.68 Million |
-13.75pp |
| 2023-06-30 | 34.96% | AU$5.09 Million ≈ $3.60 Million |
AU$14.56 Million ≈ $10.30 Million |
-13.30pp |
| 2022-06-30 | 48.26% | AU$7.36 Million ≈ $5.21 Million |
AU$15.26 Million ≈ $10.80 Million |
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About Firetail Resources Ltd
Firetail Resources Limited engages in the acquisition and exploration of resource projects in Australia, Peru, and Canada. It explores for copper, zinc, rubidium, lithium, gold, silver, nickel, cobalt, lead, molybdenum, and manganese. The company also has an option agreement to acquire 80% interest in the York Harbour project that consists of 189 mineral claims totaling an area of approximately 4… Read more