Midas Minerals Ltd Asset Resilience Ratio
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. See Midas Minerals Ltd (MM1) liquidity interval to measure how many days the company can operate on defensive assets alone.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio of Midas Minerals Ltd (2023–2023)
Asset resilience ratio of Midas Minerals Ltd from 2023 to 2023. This chart shows how Midas Minerals Ltd's Asset Resilience Ratio has changed over time. Read total liabilities of Midas Minerals Ltd for a breakdown of total debt and financial obligations.
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 the complete balance sheet picture, see MM1 asset base.
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 | 0.06% |
|
China Gold International Resources
TO:CGG |
Other Precious Metals & Mining | 11.22% |
|
Medallion Metals Ltd
AU:MM8 |
Other Precious Metals & Mining | 32.46% |
|
Peak Minerals Ltd
AU:PUA |
Other Precious Metals & Mining | 49.51% |
|
Empress Royalty Corp
V:EMPR |
Other Precious Metals & Mining | 38.56% |
|
Nevgold Corp.
V:NAU |
Other Precious Metals & Mining | 5.24% |
|
Osmond Resources Ltd
AU:OSM |
Other Precious Metals & Mining | 4.93% |
|
Bougainville Copper Limited
F:BOU1 |
Other Precious Metals & Mining | 22.60% |
Midas Minerals Ltd Asset Resilience Ratio by Year (2023–2023)
Midas Minerals Ltd asset resilience ratio by year from 2023 to 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.