Magnetite Mines Ltd Asset Resilience Ratio
Magnetite Mines Ltd asset resilience ratio. Magnetite Mines Ltd (MGT) has an Asset Resilience Ratio of 2.52% 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. See MGT defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio of Magnetite Mines Ltd (2010–2024)
Asset resilience ratio of Magnetite Mines Ltd from 2010 to 2024. This chart shows how Magnetite Mines Ltd's Asset Resilience Ratio has changed over time. Read Magnetite Mines Ltd (MGT) financial obligations for a breakdown of total debt and financial obligations.
Liquid Assets Composition Over Time
This chart breaks down Magnetite Mines 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 Magnetite Mines Ltd total assets.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | AU$0.00 | 0% |
| Short-term Investments | AU$1.00 Million | 2.52% |
| Total Liquid Assets | AU$1.00 Million | 2.52% |
Asset Resilience Insights
- Limited Liquidity: Magnetite Mines Ltd maintains only 2.52% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company has significant short-term investments, indicating active treasury management.
Magnetite Mines Ltd Industry Peers by Asset Resilience Ratio
Compare Magnetite Mines Ltd's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Rio Tinto Group
F:RIOA |
Other Industrial Metals & Mining | 0.43% |
|
China Molybdenum Co. Ltd
F:D7N |
Other Industrial Metals & Mining | 2.61% |
|
Baiyin Nonferrous Group Co Ltd
SHG:601212 |
Other Industrial Metals & Mining | 0.00% |
|
Nanning Chemical Industry Co Ltd
SHG:600301 |
Other Industrial Metals & Mining | 0.00% |
|
Chongyi Zhangyuan Tungsten Co Ltd
SHE:002378 |
Other Industrial Metals & Mining | 0.04% |
|
Tibet Mineral Development Co Ltd
SHE:000762 |
Other Industrial Metals & Mining | 0.67% |
|
Perenti Ltd
AU:PRN |
Other Industrial Metals & Mining | 8.69% |
|
Vizsla Silver Corp.
TO:VZLA |
Other Industrial Metals & Mining | 57.40% |
Magnetite Mines Ltd Asset Resilience Ratio by Year (2010–2024)
Magnetite Mines Ltd asset resilience ratio by year from 2010 to 2024. The table below shows the annual Asset Resilience Ratio data for Magnetite Mines Ltd.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2024-06-30 | 1.58% | AU$605.87K ≈ $428.69K |
AU$38.23 Million ≈ $27.05 Million |
-6.43pp |
| 2023-06-30 | 8.02% | AU$3.13 Million ≈ $2.21 Million |
AU$38.97 Million ≈ $27.57 Million |
-66.05pp |
| 2022-06-30 | 74.07% | AU$33.92 Million ≈ $24.00 Million |
AU$45.79 Million ≈ $32.40 Million |
+18.22pp |
| 2021-06-30 | 55.85% | AU$16.59 Million ≈ $11.74 Million |
AU$29.70 Million ≈ $21.02 Million |
+47.88pp |
| 2020-06-30 | 7.97% | AU$830.87K ≈ $587.89K |
AU$10.42 Million ≈ $7.38 Million |
+5.56pp |
| 2019-06-30 | 2.41% | AU$227.74K ≈ $161.14K |
AU$9.43 Million ≈ $6.67 Million |
-13.68pp |
| 2018-06-30 | 16.09% | AU$1.74 Million ≈ $1.23 Million |
AU$10.84 Million ≈ $7.67 Million |
-3.27pp |
| 2017-06-30 | 19.36% | AU$2.20 Million ≈ $1.56 Million |
AU$11.36 Million ≈ $8.04 Million |
+7.34pp |
| 2016-06-30 | 12.02% | AU$1.20 Million ≈ $847.38K |
AU$9.96 Million ≈ $7.05 Million |
+11.83pp |
| 2015-06-30 | 0.19% | AU$13.27K ≈ $9.39K |
AU$6.99 Million ≈ $4.95 Million |
+0.14pp |
| 2014-06-30 | 0.05% | AU$18.02K ≈ $12.75K |
AU$35.95 Million ≈ $25.44 Million |
-0.02pp |
| 2013-06-30 | 0.07% | AU$22.93K ≈ $16.23K |
AU$34.81 Million ≈ $24.63 Million |
-0.02pp |
| 2012-06-30 | 0.09% | AU$32.32K ≈ $22.87K |
AU$37.74 Million ≈ $26.71 Million |
-0.10pp |
| 2011-06-30 | 0.19% | AU$46.71K ≈ $33.05K |
AU$25.16 Million ≈ $17.80 Million |
-15.00pp |
| 2010-06-30 | 15.19% | AU$3.73 Million ≈ $2.64 Million |
AU$24.52 Million ≈ $17.35 Million |
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About Magnetite Mines Ltd
Magnetite Mines Limited engages in the exploration of mineral properties in South Australia. The company's flagship project is the Razorback Iron Ore project that includes the Razorback and Iron Peak deposits located in Adelaide, South Australia. The company was formerly known as Royal Resources Limited and changed its name to Magnetite Mines Limited in December 2015. Magnetite Mines Limited was … Read more