Nevada Canyon Gold Corp
Nevada Canyon Gold Corp., a natural resource company, engages in the exploration, development, and production of mineral resources. It primarily explores for gold deposits. The company holds interests in the Lazy Claims property that consist of three claims covering approximately 60 acres located in Mineral County, Nevada; the Loman property, which includes 27 unpatented mining claims covering an… Read more
Nevada Canyon Gold Corp - Asset Resilience Ratio
Nevada Canyon Gold Corp (NGLD) has an Asset Resilience Ratio of 8.30% as of December 2022. 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 (2017–2022)
This chart shows how Nevada Canyon Gold Corp's Asset Resilience Ratio has changed over time. Compare with other companies' asset resilience ratios.
Liquid Assets Composition Over Time
This chart breaks down Nevada Canyon Gold Corp's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0% |
| Short-term Investments | $156.81K | 8.3% |
| Total Liquid Assets | $156.81K | 8.30% |
Asset Resilience Insights
- Limited Liquidity: Nevada Canyon Gold Corp maintains only 8.30% 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.
Nevada Canyon Gold Corp Industry Peers by Asset Resilience Ratio
Compare Nevada Canyon Gold Corp's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Gold Royalty Corp.
NYSE MKT:GROY |
Gold | 0.76% |
|
Gold Fields Limited
PINK:GFIOF |
Gold | 0.00% |
|
Guskin Gold Corp
PINK:GKIN |
Gold | 13.37% |
|
Mining Global Inc
PINK:MNGG |
Gold | 0.00% |
|
Matmown Inc
PINK:MTMW |
Gold | 0.00% |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337 |
Gold | 4.22% |
|
Bahvest Resources Bhd
KLSE:0098 |
Gold | 31.41% |
Annual Asset Resilience Ratio for Nevada Canyon Gold Corp (2017–2022)
The table below shows the annual Asset Resilience Ratio data for Nevada Canyon Gold Corp.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2022-12-31 | 8.30% | $156.81K | $1.89 Million | -7.37pp |
| 2021-12-31 | 15.67% | $318.42K | $2.03 Million | -31.06pp |
| 2020-12-31 | 46.74% | $794.54K | $1.70 Million | -- |
| 2017-12-31 | 0.00% | $0.00 | $1.42 Million | -- |