Spanish Mountain Gold Ltd Asset Resilience Ratio

Latest as of March 2024: 1.79%

Spanish Mountain Gold Ltd asset resilience ratio. Spanish Mountain Gold Ltd (SPA) has an Asset Resilience Ratio of 1.79% as of March 2024. 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 Spanish Mountain Gold Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Liquid Assets

CA$1.73 Million

≈ $1.25 Million USD Cash + Short-term Investments

Total Assets

CA$96.62 Million

≈ $69.90 Million USD All company assets

Resilience Assessment

Low

Financial Resilience Level

Asset Resilience Ratio of Spanish Mountain Gold Ltd (2008–2023)

Asset resilience ratio of Spanish Mountain Gold Ltd from 2008 to 2023. This chart shows how Spanish Mountain Gold Ltd's Asset Resilience Ratio has changed over time. Read total liabilities of Spanish Mountain Gold Ltd for a breakdown of total debt and financial obligations.

Liquid Assets Composition Over Time

This chart breaks down Spanish Mountain Gold 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 Spanish Mountain Gold Ltd balance sheet assets.

Current Liquid Assets Breakdown

Component	Amount	% of Total Assets
Cash & Equivalents	CA$0.00	0%
Short-term Investments	CA$1.73 Million	1.79%
Total Liquid Assets	CA$1.73 Million	1.79%

Asset Resilience Insights

Limited Liquidity: Spanish Mountain Gold Ltd maintains only 1.79% 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.

Spanish Mountain Gold Ltd Industry Peers by Asset Resilience Ratio

Compare Spanish Mountain Gold Ltd's asset resilience ratio with other companies in the same industry.

Company	Industry	Asset Resilience Ratio
Newmont Corporation AU:NEM	Gold	0.01%
Barrick Gold Corp TO:ABX	Gold	13.03%
Wheaton Precious Metals Corp TO:WPM	Gold	1.69%
Evolution Mining Ltd AU:EVN	Gold	9.64%
Equinox Gold Corp TO:EQX	Gold	1.42%
Dundee Precious Metals Inc TO:DPM	Gold	16.16%
Perseus Mining Ltd AU:PRU	Gold	14.98%
OceanaGold Corporation TO:OGC	Gold	13.91%

Spanish Mountain Gold Ltd Asset Resilience Ratio by Year (2008–2023)

Spanish Mountain Gold Ltd asset resilience ratio by year from 2008 to 2023. The table below shows the annual Asset Resilience Ratio data for Spanish Mountain Gold Ltd.

Year	Asset Resilience Ratio (%)	Liquid Assets	Total Assets	Change
2023-12-31	3.29%	CA$3.20 Million ≈ $2.31 Million	CA$97.25 Million ≈ $70.35 Million	+3.02pp
2022-12-31	0.27%	CA$250.00K ≈ $180.85K	CA$94.15 Million ≈ $68.11 Million	0.00pp
2021-12-31	0.27%	CA$250.00K ≈ $180.85K	CA$93.52 Million ≈ $67.65 Million	-9.98pp
2020-12-31	10.25%	CA$9.62 Million ≈ $6.96 Million	CA$93.79 Million ≈ $67.85 Million	+9.74pp
2019-12-31	0.51%	CA$400.00K ≈ $289.35K	CA$77.98 Million ≈ $56.41 Million	-0.40pp
2018-12-31	0.91%	CA$712.43K ≈ $515.36K	CA$78.01 Million ≈ $56.43 Million	-1.00pp
2017-12-31	1.92%	CA$1.50 Million ≈ $1.09 Million	CA$78.32 Million ≈ $56.66 Million	-0.02pp
2016-12-31	1.94%	CA$1.50 Million ≈ $1.09 Million	CA$77.43 Million ≈ $56.01 Million	-5.33pp
2008-12-31	7.27%	CA$4.04 Million ≈ $2.92 Million	CA$55.58 Million ≈ $40.21 Million	--

pp = percentage points

About Spanish Mountain Gold Ltd

V:SPA Canada Gold

Market Cap

$69.20 Million

CA$95.66 Million CAD

Market Cap Rank

#20439 Global

#685 in Canada

Share Price

CA$0.20

Change (1 day)

+0.00%

52-Week Range

CA$0.12 - CA$0.40

All Time High

CA$0.73