Providence Gold Mines Inc
Providence Gold Mines Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties located in Canada and the United States. The company was formerly known as Red Hut Metals Inc. and changed its name to Providence Gold Mines Inc. in July 2017. Providence Gold Mines Inc. was incorporated in 2010 and is based in Surrey, Canada.
Providence Gold Mines Inc - Asset Resilience Ratio
Providence Gold Mines Inc (PRRVF) has an Asset Resilience Ratio of 93.34% as of March 2015. 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 (2014–2014)
This chart shows how Providence Gold Mines Inc's Asset Resilience Ratio has changed over time. Compare with other companies' asset resilience ratios.
Liquid Assets Composition Over Time
This chart breaks down Providence Gold Mines Inc'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 | $1.00 Million | 93.34% |
| Total Liquid Assets | $1.00 Million | 93.34% |
Asset Resilience Insights
- Very High Liquidity: Providence Gold Mines Inc maintains exceptional liquid asset reserves at 93.34% of total assets.
- This level provides strong protection against economic uncertainties but may indicate potential for more aggressive growth investments.
- The company has significant short-term investments, indicating active treasury management.
Providence Gold Mines Inc Industry Peers by Asset Resilience Ratio
Compare Providence Gold Mines Inc's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
McLaren Resources Inc
F:3ML |
Gold | 0.00% |
|
PC Gold Ltd
AU:PC2 |
Gold | 7.77% |
|
4LE
F:4LE |
Gold | 0.95% |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337 |
Gold | 4.22% |
|
Bahvest Resources Bhd
KLSE:0098 |
Gold | 31.41% |
|
Aruma Resources Ltd
AU:AAJ |
Gold | 46.02% |
Annual Asset Resilience Ratio for Providence Gold Mines Inc (2014–2014)
The table below shows the annual Asset Resilience Ratio data for Providence Gold Mines Inc.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2014-12-31 | 95.43% | $1.13 Million | $1.19 Million | -- |