Western Gold Co Ltd Asset Resilience Ratio
Western Gold Co Ltd asset resilience ratio. Western Gold Co Ltd (601069) has an Asset Resilience Ratio of 0.13% 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 operational self-sufficiency of Western Gold Co Ltd to measure how many days the company can operate on defensive assets alone.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio of Western Gold Co Ltd (2016–2023)
Asset resilience ratio of Western Gold Co Ltd from 2016 to 2023. This chart shows how Western Gold Co Ltd's Asset Resilience Ratio has changed over time. Read how much debt does Western Gold Co Ltd carry for a breakdown of total debt and financial obligations.
Liquid Assets Composition Over Time
This chart breaks down Western Gold Co 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 Western Gold Co Ltd balance sheet assets.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 0% |
| Short-term Investments | CN¥9.10 Million | 0.13% |
| Total Liquid Assets | CN¥9.10 Million | 0.13% |
Asset Resilience Insights
- Limited Liquidity: Western Gold Co Ltd maintains only 0.13% 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.
Western Gold Co Ltd Industry Peers by Asset Resilience Ratio
Compare Western Gold Co Ltd's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Agnico Eagle Mines Limited
TO:AEM |
Gold | 0.04% |
|
AngloGold Ashanti Ltd
JSE:ANG |
Gold | 13.83% |
|
Lundin Gold Inc
TO:LUG |
Gold | 0.00% |
|
Eldorado Gold Corp
TO:ELD |
Gold | 0.00% |
|
OR Royalties Inc.
TO:OR |
Gold | 3.22% |
|
Ramelius Resources Ltd
AU:RMS |
Gold | 32.89% |
|
Predictive Discovery Ltd
AU:PDI |
Gold | 0.00% |
|
Westgold Resources Ltd
AU:WGX |
Gold | 0.06% |
Western Gold Co Ltd Asset Resilience Ratio by Year (2016–2023)
Western Gold Co Ltd asset resilience ratio by year from 2016 to 2023. The table below shows the annual Asset Resilience Ratio data for Western Gold Co Ltd.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2023-12-31 | 0.13% | CN¥9.10 Million ≈ $1.33 Million |
CN¥6.74 Billion ≈ $986.87 Million |
+0.01pp |
| 2018-12-31 | 0.13% | CN¥3.36 Million ≈ $491.45K |
CN¥2.67 Billion ≈ $391.28 Million |
-0.37pp |
| 2016-12-31 | 0.50% | CN¥13.42 Million ≈ $1.96 Million |
CN¥2.69 Billion ≈ $393.40 Million |
-- |
About Western Gold Co Ltd
Western Region Gold Co., Ltd. engages in the gold mining, dressing, and smelting business in China. It is also involved in manganese ore mining; and production, processing, and sales of electrolytic manganese. The company was founded in 2002 and is based in Urumqi, China. Western Region Gold Co., Ltd. operates as a subsidiary of Xinjiang NonFerrous Metal Industry (Group) Co.Ltd.