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The Reserve Petroleum Co (The Reserve Petroleum Co) Cash Ratio : 14.58 (As of Dec. 2023)


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What is The Reserve Petroleum Co Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. The Reserve Petroleum Co's Cash Ratio for the quarter that ended in Dec. 2023 was 14.58.

The Reserve Petroleum Co has a Cash Ratio of 14.58. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.

The historical rank and industry rank for The Reserve Petroleum Co's Cash Ratio or its related term are showing as below:

RSRV' s Cash Ratio Range Over the Past 10 Years
Min: 14.58   Med: 72.1   Max: 119.79
Current: 14.58

During the past 13 years, The Reserve Petroleum Co's highest Cash Ratio was 119.79. The lowest was 14.58. And the median was 72.10.

RSRV's Cash Ratio is ranked better than
96.49% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.41 vs RSRV: 14.58

The Reserve Petroleum Co Cash Ratio Historical Data

The historical data trend for The Reserve Petroleum Co's Cash Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Reserve Petroleum Co Cash Ratio Chart

The Reserve Petroleum Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 119.79 76.95 36.78 22.57 14.58

The Reserve Petroleum Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.57 30.84 15.90 5.77 14.58

Competitive Comparison of The Reserve Petroleum Co's Cash Ratio

For the Oil & Gas E&P subindustry, The Reserve Petroleum Co's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The Reserve Petroleum Co's Cash Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, The Reserve Petroleum Co's Cash Ratio distribution charts can be found below:

* The bar in red indicates where The Reserve Petroleum Co's Cash Ratio falls into.



The Reserve Petroleum Co Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

The Reserve Petroleum Co's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=10.103/0.693
=14.58

The Reserve Petroleum Co's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=10.103/0.693
=14.58

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


The Reserve Petroleum Co  (OTCPK:RSRV) Cash Ratio Explanation

The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.

The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.

In general, the higher the cash ratio, the better the company's liquidity position.


The Reserve Petroleum Co Cash Ratio Related Terms

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The Reserve Petroleum Co (The Reserve Petroleum Co) Business Description

Traded in Other Exchanges
N/A
Address
6801 Broadway Extension, Suite 300, Oklahoma City, OK, USA, 73116-9037
The Reserve Petroleum Co is engaged in managing its owned mineral properties and exploration and development of oil and natural gas properties. It operates through the segment of the oil and natural gas exploration and development and minerals management with areas of concentration in Texas, Oklahoma, Kansas, Arkansas, and South Dakota.
Executives
Cameron R Mclain director, officer: PRESIDENT 805 GLEN EAGLES DR, EDMOND OK 73013
Lawrence Raymond Francis officer: 1st VP & Secretary/Treasurer 6801 BROADWAY EXTENSION, SUITE 300, OKLAHOMA CITY OK 73116
John Mclain director 6801 BROADWAY EXTENSION, SUITE 200, OKLAHOMA CITY OK 73116-9037
Robert T Mclain director 6403 N. GRAND BLVD, SUITE 200, OKLAHOMA CITY OK 73116
Robert L Savage director 8326 GLENWOOD AVENUE, OKLAHOMA CITY OK 73114
James L Tyler director, officer: 2nd Vice President, Sec/Treas 7720 NW 102ND ST, OKLAHOMA CITY OK 73162-5314
Kyle L Mclain other: Performs policy making functio 2301 STEEPLECHASE RD, EDMOND OK 73034
Mason W Mclain director, 10 percent owner, officer: President

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