Midas Minerals Ltd - Asset Resilience Ratio
Midas Minerals Ltd (MM1) has an Asset Resilience Ratio of 1.07% as of December 2023. 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 (2023–2023)
This chart shows how Midas Minerals Ltd's Asset Resilience Ratio has changed over time. Check strategic asset allocation of Midas Minerals Ltd to assess the company's strategic physical and investment asset allocation.
Liquid Assets Composition Over Time
This chart breaks down Midas Minerals 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 MM1 company net worth.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | AU$0.00 | 0% |
| Short-term Investments | AU$68.00K | 1.07% |
| Total Liquid Assets | AU$68.00K | 1.07% |
Asset Resilience Insights
- Limited Liquidity: Midas Minerals Ltd maintains only 1.07% 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.
Midas Minerals Ltd Industry Peers by Asset Resilience Ratio
Compare Midas Minerals Ltd's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Hecla Mining Company
NYSE:HL |
Other Precious Metals & Mining | 0.58% |
|
Triple Flag Precious Metals Corp
TO:TFPM |
Other Precious Metals & Mining | 7.79% |
|
Aic Mines Ltd
AU:A1M |
Other Precious Metals & Mining | 0.01% |
|
29METALS Ltd
AU:29M |
Other Precious Metals & Mining | 0.00% |
|
Forrestania Resources Ltd
AU:FRS |
Other Precious Metals & Mining | 2.21% |
|
Southern Palladium Ltd
AU:SPD |
Other Precious Metals & Mining | 28.92% |
|
ADYTON RESOURCES CORP.
F:701 |
Other Precious Metals & Mining | 36.76% |
|
Haranga Resources Ltd
AU:HAR |
Other Precious Metals & Mining | 60.20% |
Annual Asset Resilience Ratio for Midas Minerals Ltd (2023–2023)
The table below shows the annual Asset Resilience Ratio data for Midas Minerals Ltd.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2023-12-31 | 1.07% | AU$68.00K ≈ $48.11K |
AU$6.38 Million ≈ $4.52 Million |
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About Midas Minerals Ltd
Midas Minerals Limited engages in exploration and evaluation of mineral resources in Western Australia and Canada. It explores for gold, lithium, copper, nickel, platinoids, and base metals as well as platinum group elements. The company was incorporated in 2018 is based in West Perth, Australia.