Granada Gold Mine Inc - Asset Resilience Ratio
Granada Gold Mine Inc (GGM) has an Asset Resilience Ratio of 17.73% as of March 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 working capital to net assets of Granada Gold Mine Inc to evaluate short-term liquidity relative to the company's equity base.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2021–2022)
This chart shows how Granada Gold Mine Inc's Asset Resilience Ratio has changed over time. For the complete balance sheet picture, see GGM total assets.
Liquid Assets Composition Over Time
This chart breaks down Granada Gold Mine Inc's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. Read total liabilities of Granada Gold Mine Inc for a breakdown of total debt and financial obligations.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 0% |
| Short-term Investments | CA$190.52K | 17.73% |
| Total Liquid Assets | CA$190.52K | 17.73% |
Asset Resilience Insights
- Good Liquidity Position: Granada Gold Mine Inc maintains a healthy 17.73% of assets in liquid form.
- This level provides good financial flexibility while maintaining productive asset deployment.
- The company has significant short-term investments, indicating active treasury management.
Granada Gold Mine Inc Industry Peers by Asset Resilience Ratio
Compare Granada Gold Mine Inc's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Franco-Nevada Corporation
TO:FNV |
Gold | 5.92% |
|
AngloGold Ashanti Ltd
JSE:ANG |
Gold | 13.83% |
|
Gold Fields Ltd
JSE:GFI |
Gold | 11.83% |
|
Agnico Eagle Mines Limited
TO:AEM |
Gold | 0.04% |
|
Pan American Silver Corp
TO:PAAS |
Gold | 1.17% |
|
Alamos Gold Inc
TO:AGI |
Gold | 8.52% |
|
Dpm Metals Inc.
AU:DPM |
Gold | 16.16% |
|
Osisko Gold Ro
TO:OR |
Gold | 3.22% |
Annual Asset Resilience Ratio for Granada Gold Mine Inc (2021–2022)
The table below shows the annual Asset Resilience Ratio data for Granada Gold Mine Inc.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2022-06-30 | 12.89% | CA$285.78K ≈ $206.73K |
CA$2.22 Million ≈ $1.60 Million |
-30.19pp |
| 2021-06-30 | 43.08% | CA$1.64 Million ≈ $1.18 Million |
CA$3.80 Million ≈ $2.75 Million |
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About Granada Gold Mine Inc
Granada Gold Mine Inc., a junior mining and exploration company, acquires, explores, and develops mineral properties in Canada. The company explores for gold deposits. It holds 100% interest in Granada gold property, which covers an area of approximately 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec. The company was formerly known as… Read more