Magna Mining Inc - Asset Resilience Ratio
Magna Mining Inc (NICU) has an Asset Resilience Ratio of 0.03% as of March 2025. 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 how liquid is Magna Mining Inc's working capital to evaluate short-term liquidity relative to the company's equity base.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2022–2024)
This chart shows how Magna Mining Inc's Asset Resilience Ratio has changed over time. For the complete balance sheet picture, see Magna Mining Inc balance sheet assets.
Liquid Assets Composition Over Time
This chart breaks down Magna Mining Inc's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. Explore NICU long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 0% |
| Short-term Investments | CA$58.00K | 0.03% |
| Total Liquid Assets | CA$58.00K | 0.03% |
Asset Resilience Insights
- Limited Liquidity: Magna Mining Inc maintains only 0.03% 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.
Magna Mining Inc Industry Peers by Asset Resilience Ratio
Compare Magna Mining Inc's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Glencore PLC
JSE:GLN |
Other Industrial Metals & Mining | 0.05% |
|
SOUTH32 Ltd
AU:S32 |
Other Industrial Metals & Mining | 12.06% |
|
Inomin Mines Inc
V:MINE |
Other Industrial Metals & Mining | 0.00% |
|
Nanning Chemical Industry Co Ltd
SHG:600301 |
Other Industrial Metals & Mining | 0.00% |
|
Rising Nonferrous Metals Share Co Ltd
SHG:600259 |
Other Industrial Metals & Mining | 7.31% |
|
Pangang Group Vanadium Titanium & Resources Co Ltd
SHE:000629 |
Other Industrial Metals & Mining | 20.53% |
|
Vale Indonesia Tbk
JK:INCO |
Other Industrial Metals & Mining | 0.07% |
|
RIO Tinto Ltd
AU:RIO |
Other Industrial Metals & Mining | 0.45% |
Annual Asset Resilience Ratio for Magna Mining Inc (2022–2024)
The table below shows the annual Asset Resilience Ratio data for Magna Mining Inc.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2024-12-31 | 0.10% | CA$41.02K ≈ $29.67K |
CA$39.57 Million ≈ $28.62 Million |
-0.03pp |
| 2023-12-31 | 0.14% | CA$41.02K ≈ $29.67K |
CA$30.28 Million ≈ $21.90 Million |
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| 2022-12-31 | 0.00% | CA$0.00 ≈ $0.00 |
CA$25.07 Million ≈ $18.14 Million |
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About Magna Mining Inc
Magna Mining Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for nickel, copper, cobalt, gold, and platinum group metal deposits. Its flagship properties include100% interest in the Crean Hill Project; and 84% interest in the Shakespeare Mine located in Sudbury, Canada. Magna Mining Inc. was founded in 2016 and is headq… Read more