NH3 Clean Energy has a Cash Ratio of 0.31. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for NH3 Clean Energy's Cash Ratio or its related term are showing as below:
ASX:NH3'
s Cash Ratio Range Over the Past 10 Years
Min: 0.31 Med: 2.28 Max: 37.94
Current: 0.31
During the past 13 years, NH3 Clean Energy's highest Cash Ratio was 37.94. The lowest was 0.31. And the median was 2.28.
ASX:NH3's Cash Ratio is ranked worse than 70.59% of 2499
companies
in the Metals & Mining industry
Industry Median: 1.02
vs ASX:NH3: 0.31
NH3 Clean Energy Cash Ratio Historical Data
The historical data trend for NH3 Clean 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.
Competitive Comparison of NH3 Clean Energy's Cash Ratio
For the Other Industrial Metals & Mining subindustry, NH3 Clean 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.
NH3 Clean Energy's Cash Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, NH3 Clean Energy's Cash Ratio distribution charts can be found below:
* The bar in red indicates where NH3 Clean Energy'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.
NH3 Clean Energy (ASX:NH3) 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.
NH3 Clean Energy Cash Ratio Related Terms
Thank you for viewing the detailed overview of NH3 Clean Energy's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
NH3 Clean Energy Ltd is an Australian company engaged in reducing carbon emissions by providing clean energy solutions. The company focused on Future Energy project development and Future Energy materials exploration and project development. It is developing a business to deliver decarbonized hydrogen (low-emissions ammonia) into export and domestic markets at scale, via its WAH2 Project. The Company plans to use renewable energy to the extent practicable. The group owns the McIntosh Nickel-Copper-PGE project and the Halls Creek Gold and Base Metals project in Western Australia. It has two joint ventures on its Graphite properties.
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