True North Gems Inc Asset Resilience Ratio
True North Gems Inc asset resilience ratio. True North Gems Inc (TGX) has an Asset Resilience Ratio of 1.09% as of September 2017. 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 True North Gems Inc defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio of True North Gems Inc (2013–2016)
Asset resilience ratio of True North Gems Inc from 2013 to 2016. This chart shows how True North Gems Inc's Asset Resilience Ratio has changed over time. Read TGX liabilities breakdown for a breakdown of total debt and financial obligations.
Liquid Assets Composition Over Time
This chart breaks down True North Gems Inc'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 True North Gems Inc balance sheet assets.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 0% |
| Short-term Investments | CA$11.00K | 1.09% |
| Total Liquid Assets | CA$11.00K | 1.09% |
Asset Resilience Insights
- Limited Liquidity: True North Gems Inc maintains only 1.09% 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.
True North Gems Inc Industry Peers by Asset Resilience Ratio
Compare True North Gems Inc's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
AbraSilver Resource Corp.
TO:ABRA |
Other Precious Metals & Mining | 43.86% |
|
Zimplats Holdings Ltd
AU:ZIM |
Other Precious Metals & Mining | 0.43% |
|
Aic Mines Ltd
AU:A1M |
Other Precious Metals & Mining | 0.01% |
|
Vox Royalty Corp.
TO:VOXR |
Other Precious Metals & Mining | 6.55% |
|
Antipa Minerals Ltd
AU:AZY |
Other Precious Metals & Mining | 36.40% |
|
Medallion Metals Ltd
AU:MM8 |
Other Precious Metals & Mining | 32.46% |
|
Southern Palladium Ltd
AU:SPD |
Other Precious Metals & Mining | 28.92% |
|
Patagonia Gold Corp
V:PGDC |
Other Precious Metals & Mining | 3.77% |
True North Gems Inc Asset Resilience Ratio by Year (2013–2016)
True North Gems Inc asset resilience ratio by year from 2013 to 2016. The table below shows the annual Asset Resilience Ratio data for True North Gems Inc.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2016-12-31 | 9.54% | CA$104.50K ≈ $75.59K |
CA$1.10 Million ≈ $792.59K |
+9.16pp |
| 2015-12-31 | 0.38% | CA$193.07K ≈ $139.66K |
CA$50.73 Million ≈ $36.69 Million |
-0.74pp |
| 2014-12-31 | 1.12% | CA$360.19K ≈ $260.55K |
CA$32.07 Million ≈ $23.20 Million |
-0.61pp |
| 2013-12-31 | 1.74% | CA$438.25K ≈ $317.02K |
CA$25.26 Million ≈ $18.27 Million |
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About True North Gems Inc
TGX Energy & Resources Inc. engages in the exploration and evaluation of natural resource properties in Canada. It owns interests in the True Blue Property that consists of 303 mining claims located in the Watson Lake Mining District; and Nabikok Property, which consists of 155 claims located in the Abitibi region of northwestern Quebec. The company was formerly known as True North Gems Inc. and … Read more