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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. TransMontaigne Partners LP's current ratio for the quarter that ended in Sep. 2018 was 0.60.
TransMontaigne Partners LP has a current ratio of 0.60. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If TransMontaigne Partners LP has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for TransMontaigne Partners LP's Current Ratio or its related term are showing as below:
The historical data trend for TransMontaigne Partners LP's Current 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.
TransMontaigne Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 0.70 | 1.02 | 0.46 | 0.93 | 1.31 |
TransMontaigne Partners LP Quarterly Data | ||||||||||||||||||||
Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | |
Current Ratio | Get a 7-Day Free Trial | 0.85 | 1.31 | 1.05 | 0.64 | 0.60 |
For the Oil & Gas Midstream subindustry, TransMontaigne Partners LP's Current Ratio, along with its competitors' market caps and Current 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.
For the Oil & Gas industry and Energy sector, TransMontaigne Partners LP's Current Ratio distribution charts can be found below:
* The bar in red indicates where TransMontaigne Partners LP's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
TransMontaigne Partners LP's Current Ratio for the fiscal year that ended in Dec. 2017 is calculated as
Current Ratio (A: Dec. 2017 ) | = | Total Current Assets (A: Dec. 2017 ) | / | Total Current Liabilities (A: Dec. 2017 ) |
= | 34.103 | / | 25.953 | |
= | 1.31 |
TransMontaigne Partners LP's Current Ratio for the quarter that ended in Sep. 2018 is calculated as
Current Ratio (Q: Sep. 2018 ) | = | Total Current Assets (Q: Sep. 2018 ) | / | Total Current Liabilities (Q: Sep. 2018 ) |
= | 23.923 | / | 39.941 | |
= | 0.60 |
* 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.
TransMontaigne Partners LP (NYSE:TLP) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of TransMontaigne Partners LP's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Barry Edward Welch | director | 200 CLARENDON STREET BOSTON MA 02116 |
Jay A Wiese | director | ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172 |
Michael A Hammell | officer: Executive VP/Gen Counsel & SEC | TRANSMONTAIGNE, 1670 BROADWAY, SUITE 3100, DENVER CO 80202 |
Steven A Blank | director | C/O TRANSMONTAIGNE, 1670 BROADWAY, SUITE 3100, DENVER CO 80202 |
Daniel R Revers | director, 10 percent owner | C/O ARCLIGHT CAPITAL PARTNERS, LLC, 200 CLARENDON ST., 55TH FLOOR, BOSTON MA 02117 |
Ngl Energy Holdings Llc | 10 percent owner | 6120 S. YALE, SUITE 805, TULSA OK 74136 |
Charles L Dunlap | officer: Chief Executive Officer | PASADENA REFINING SYSTEM INC., 111 RED BLUFF ROAD, PASADENA TX 77506 |
Stanley Morgan | director, 10 percent owner, other: See Note (1) | 1585 BROADWAY, NEW YORK NY 10036 |
Atanas H Atanasov | director | C/O NGL ENERGY PARTNERS LP, 6120 S. YALE AVENUE, SUITE 805, TULSA OK 74136 |
David C Kehoe | director | 6120 S. YALE AVE., SUITE 805, TULSA OK 74136 |
Jerry R Masters | director | 1670 BROADWAY, SUITE 3100, DENVER CO 80202 |
David A Peters | director | 1670 BROADWAY, SUITE 3100, DENVER CO 80202 |
Cushing Mlp Opportunity Fund I, Lp | 10 percent owner | 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225 |
Duke R Ligon | director | 2800 WEST COUNTRY CLUB DRIVE, SUITE E, OKLAHOMA CITY OK 73116 |
Randall J Larson | officer: CEO |
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