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.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2008–2023)
This chart shows how Spanish Mountain Gold Ltd's Asset Resilience Ratio has changed over time. Compare with other companies' asset resilience ratios.
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.
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 |
|---|---|---|
|
Asante Gold Corporation
F:1A9 |
Gold | 0.23% |
|
Yukon Metals Corp.
F:E770 |
Gold | 27.36% |
|
Alamos Gold Inc
NYSE:AGI |
Gold | 0.77% |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337 |
Gold | 4.22% |
|
Bahvest Resources Bhd
KLSE:0098 |
Gold | 31.41% |
|
American Pacific Mining Corp
F:1QC1 |
Gold | 0.00% |
|
Rio2 Limited
F:1SB |
Gold | 0.04% |
Annual Asset Resilience Ratio for Spanish Mountain Gold Ltd (2008–2023)
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 | CA$97.25 Million | +3.02pp |
| 2022-12-31 | 0.27% | CA$250.00K | CA$94.15 Million | 0.00pp |
| 2021-12-31 | 0.27% | CA$250.00K | CA$93.52 Million | -9.98pp |
| 2020-12-31 | 10.25% | CA$9.62 Million | CA$93.79 Million | +9.74pp |
| 2019-12-31 | 0.51% | CA$400.00K | CA$77.98 Million | -0.40pp |
| 2018-12-31 | 0.91% | CA$712.43K | CA$78.01 Million | -1.00pp |
| 2017-12-31 | 1.92% | CA$1.50 Million | CA$78.32 Million | -0.02pp |
| 2016-12-31 | 1.94% | CA$1.50 Million | CA$77.43 Million | -5.33pp |
| 2008-12-31 | 7.27% | CA$4.04 Million | CA$55.58 Million | -- |
About Spanish Mountain Gold Ltd
Spanish Mountain Gold Ltd., an exploration and development stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company's primary asset includes the 100% owned Spanish Mountain gold project that comprises approximately 53 contiguous mineral claims and 15 placer claims covering an area of approximately 13,598 hectares located in the Cariboo r… Read more