Yancoal Australia (Yancoal Australia) Cash Ratio : 1.33 (As of Dec. 2023)

View and export this data going back to 2012. Start your Free Trial

What is Yancoal Australia 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. Yancoal Australia's Cash Ratio for the quarter that ended in Dec. 2023 was 1.33.

Yancoal Australia has a Cash Ratio of 1.33. 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 Yancoal Australia's Cash Ratio or its related term are showing as below:

YACAF' s Cash Ratio Range Over the Past 10 Years
Min: 0.2 Med: 0.56 Max: 1.81
Current: 1.33

During the past 12 years, Yancoal Australia's highest Cash Ratio was 1.81. The lowest was 0.20. And the median was 0.56.

YACAF's Cash Ratio is ranked better than
62.29% of 175 companies
in the Other Energy Sources industry
Industry Median: 0.86 vs YACAF: 1.33

Yancoal Australia Cash Ratio Historical Data

The historical data trend for Yancoal Australia'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.

Yancoal Australia Cash Ratio Chart

Yancoal Australia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

Get a 7-Day Free Trial

0.46

0.53

1.81

1.07

1.33

Yancoal Australia Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash Ratio	Get a 7-Day Free Trial															1.81	2.30	1.07	1.07	1.33

Competitive Comparison of Yancoal Australia's Cash Ratio

For the Thermal Coal subindustry, Yancoal Australia'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.

Yancoal Australia's Cash Ratio Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Yancoal Australia's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Yancoal Australia's Cash Ratio falls into.

Yancoal Australia Cash Ratio Calculation

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

Yancoal Australia'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
	=	935.074	/	701.473
	=	1.33

Yancoal Australia'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
	=	935.074	/	701.473
	=	1.33

Yancoal Australia (OTCPK:YACAF) 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.

Yancoal Australia Cash Ratio Related Terms

Thank you for viewing the detailed overview of Yancoal Australia's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Yancoal Australia (Yancoal Australia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Yancoal Australia Ltd (OTCPK:YACAF) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

03668:Hong Kong YA1:Germany YAL:Australia

Address

201 Sussex Street, Level 18, Darling Park Tower 2, Sydney, NSW, AUS, 2000

Website

https://www.yancoal.com.au

Yancoal Australia Ltd is involved in identifying, developing, and operating coal-related projects in Australia. It has a diversified product mix of metallurgical and thermal coal mines in New South Wales and Queensland. The company generates maximum revenue from the New South Wales segment. Non-operating items of the Group are presented in Corporate segment which includes administrative expenses, foreign exchange gains and losses recycled from hedge reserve, and elimination of intersegment transactions and other consolidation adjustments. It operates coal mines in the Hunter Valley and mid-Western region of New South Wales and open-cut mines in Queensland's Bowen Basin. The company's geographical markets include Japan, Singapore, China, South Korea, Taiwan, Thailand, and other countries.