Royal Gold Inc (RGLD)
Cash ratio
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 74,232 | 137,950 | 104,167 | 102,901 | 106,157 | 126,816 | 118,586 | 122,238 | 280,617 | 183,707 | 160,208 | 225,916 | 370,260 | 381,859 | 413,116 | 319,128 | 93,715 | 80,504 | 121,970 | 119,475 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 16,000 |
| Total current liabilities | US$ in thousands | 122,383 | 77,145 | 72,422 | 70,847 | 63,068 | 54,998 | 63,587 | 64,476 | 64,013 | 49,543 | 60,264 | 52,083 | 62,691 | 57,154 | 56,139 | 43,555 | 49,830 | 44,130 | 32,373 | 33,610 |
| Cash ratio | 0.61 | 1.79 | 1.44 | 1.45 | 1.68 | 2.31 | 1.86 | 1.90 | 4.38 | 3.71 | 2.66 | 4.34 | 5.91 | 6.68 | 7.36 | 7.33 | 1.88 | 1.82 | 3.77 | 4.03 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($74,232K
+ $—K)
÷ $122,383K
= 0.61
The cash ratio of Royal Gold Inc has fluctuated over the past few quarters, ranging from a low of 0.61 to a high of 7.36. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover these obligations.
In general, Royal Gold Inc's cash ratio has shown a generally positive trend over the periods provided, with some fluctuations. The company's cash position improved significantly from 2020 to 2021, reaching a peak of 7.36 in Mar 2021, indicating a strong cash reserve relative to its short-term liabilities at that time.
However, there have been some declines and fluctuations in the cash ratio since then, possibly due to changes in operating and investing activities, acquisitions, or other factors affecting the company's cash position. It is important for investors and analysts to monitor these changes closely to assess the company's liquidity and financial health.