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. Check MM1 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
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. See debt-free asset ratio of Midas Minerals Ltd to measure how much of total assets are equity-financed.
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 stock market capitalisation.
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 |
|---|---|---|
|
Triple Flag Precious Metals Corp
TO:TFPM |
Other Precious Metals & Mining | 7.79% |
|
Elemental Royalties Corp
V:ELE |
Other Precious Metals & Mining | 1.78% |
|
Minerals 260 Ltd
AU:MI6 |
Other Precious Metals & Mining | 0.29% |
|
China Silver Group Limited
F:2CS |
Other Precious Metals & Mining | 1.61% |
|
Empress Royalty Corp
V:EMPR |
Other Precious Metals & Mining | 9.27% |
|
Far East Gold Ltd
AU:FEG |
Other Precious Metals & Mining | 13.26% |
|
Cannindah Resources Ltd
AU:CAE |
Other Precious Metals & Mining | 3.92% |
|
Tali Resources Ltd
AU:TR2 |
Other Precious Metals & Mining | 51.55% |
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.