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Altex IndustriesALTX 21 Cash Ratio is 1.95 as of Mar. 2026, which is 6% below its 10-year median of 2.08. GuruFocus rates ALTX with a GF Score™ of 21/100 and a GF Value™ of $0.10 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 964 Oil & Gas companies, Altex Industries ranks better than 81.43% on this metric.
Altex Industries (OTCPK:ALTX) 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.
Altex Industries Cash Ratio Related Terms
Altex Industries Cash Ratio Historical Data
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The historical data trend for Altex Industries'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.
For the Oil & Gas E&P subindustry, Altex Industries'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.
Altex Industries Cash Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Altex Industries's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Altex Industries's Cash Ratio falls into.
* 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.
Altex Industries (ALTX) has a Cash Ratio of 1.95 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Altex Industries and its competitors. This is near median its historical median of 2.08. Over the past decade, Altex Industries' Cash Ratio has ranged from 1.83 to 2.42. According to the industry distribution chart, Altex Industries ranks #179 out of 964 companies in the Oil & Gas industry, placing it in the top 18.6%.
Is Altex Industries' Cash Ratio too high?
Altex Industries' current Cash Ratio of 1.95 is near median its 10-year median of 2.08. Over the past 10 years, this metric has ranged from a low of 1.83 to a high of 2.42. The Oil & Gas industry median Cash Ratio is 0.44. Altex Industries' value of 1.95 is 343.2% above this industry median. Based on the distribution chart, Altex Industries ranks #179 out of 964 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Altex Industries has a GF Score™ of 21/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Altex Industries' Cash Ratio compare to CRCE and FECOF?
According to the Oil & Gas industry distribution chart, Altex Industries ranks #179 out of 964 companies for Cash Ratio. This places Altex Industries in the top 19% of its industry — outperforming the majority of peers. The industry median Cash Ratio is 0.44. Altex Industries' value of 1.95 is 343.2% above this benchmark. Historically, Altex Industries' own Cash Ratio has ranged from 1.83 to 2.42 over the past decade. While the company's 10-year median is 2.08 vs. the industry median of 0.44, Altex Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for an Oil & Gas company?
The median Cash Ratio among Oil & Gas companies is 0.44, based on 964 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Altex Industries's current Cash Ratio of 1.95 is 343.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Altex Industries and its competitors. For the Oil & Gas industry, the median Cash Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altex Industries's current Cash Ratio is 1.95, which is near median its own 10-year median of 2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altex Industries stock overvalued right now?
Based on GuruFocus' analysis, Altex Industries (ALTX) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.10, compared to a current price of $0.20 — trading 100% above its estimated fair value. The current Cash Ratio is 1.95, which is near median its 10-year median of 2.08 and 343.2% above the Oil & Gas industry median of 0.44. Altex Industries' overall GF Score™ is 21/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Altex Industries (ALTX), the current Cash Ratio is 1.95 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Altex Industries (ALTX) Overvalued in 2026?
Based on GuruFocus' analysis, Altex Industries stock appears to be overvalued.
The current stock price of $0.20 is trading 100% above its estimated GF Value™ of $0.10.
GuruFocus considers Altex Industries to be Significantly Overvalued.
Key valuation signals for ALTX:
Cash Ratio: 1.95 (near median its 10-year median of 2.08)
GF Value™: $0.10 vs. price of $0.20 (100% above fair value)
Industry Position: 343.2% above the Oil & Gas median (#179 of 964)
No single metric tells the full story. See the ALTX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altex Industries Inc. is a USA-based holding company. Through its wholly-owned subsidiary, it owns interests in productive onshore oil and gas properties, has bought and sold producing oil and gas properties, and has participated in the drilling of exploratory and development wells, and the completion of existing wells in Utah and Wyoming. The Company's revenue is from sales of oil and gas production, interest income, and, occasionally, bonus payments for mineral leases.
21GF Score
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