Botala Energy (ASX:BTE) Cash Ratio : 1.73 (As of Dec. 2023)

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What is Botala Energy 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. Botala Energy's Cash Ratio for the quarter that ended in Dec. 2023 was 1.73.

Botala Energy has a Cash Ratio of 1.73. 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 Botala Energy's Cash Ratio or its related term are showing as below:

ASX:BTE' s Cash Ratio Range Over the Past 10 Years
Min: 2.56 Med: 3.93 Max: 8.01
Current: 2.56

During the past 3 years, Botala Energy's highest Cash Ratio was 8.01. The lowest was 2.56. And the median was 3.93.

ASX:BTE's Cash Ratio is ranked better than
88.94% of 416 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.46 vs ASX:BTE: 2.56

Botala Energy Cash Ratio Historical Data

The historical data trend for Botala Energy'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.

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Botala Energy Cash Ratio Chart

Botala Energy Annual Data

Trend

Jun22

Jun23

Jun24

Cash Ratio

8.01

3.93

2.56

Botala Energy Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash Ratio	Get a 7-Day Free Trial			8.01	11.54	3.93	1.73	2.56

Competitive Comparison of Botala Energy's Cash Ratio

For the Utilities - Renewable subindustry, Botala Energy'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.

Botala Energy's Cash Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Botala Energy's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Botala Energy's Cash Ratio falls into.

Botala Energy Cash Ratio Calculation

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

Botala Energy's Cash Ratio for the fiscal year that ended in Jun. 2024 is calculated as:

Cash Ratio (A: Jun. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.443	/	0.173
	=	2.56

Botala Energy'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
	=	1.926	/	1.111
	=	1.73

Botala Energy (ASX:BTE) 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.

Botala Energy Cash Ratio Related Terms

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Botala Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Botala Energy Ltd (ASX:BTE) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Mounts Bay Road, Unit 2, Crawley, WA, AUS, 6009

Website

https://www.botalaenergy.com

Botala Energy Ltd is a gas exploration and development company. The company is a coal bed methane (CBM) exploration and development company focused on developing products from the Serowe CBM Project located in Botswana and related early-stage renewable energy opportunities. The company's projects also include Pitse project, Solar manufacturing, and others.