Intra Energy (ASX:IEC) Cash Ratio : 2.45 (As of Dec. 2023)

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What is Intra 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. Intra Energy's Cash Ratio for the quarter that ended in Dec. 2023 was 2.45.

Intra Energy has a Cash Ratio of 2.45. 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 Intra Energy's Cash Ratio or its related term are showing as below:

ASX:IEC' s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 2.45
Current: 2.45

During the past 13 years, Intra Energy's highest Cash Ratio was 2.45. The lowest was 0.01. And the median was 0.03.

ASX:IEC's Cash Ratio is ranked better than
71.1% of 173 companies
in the Other Energy Sources industry
Industry Median: 0.9 vs ASX:IEC: 2.45

Intra Energy Cash Ratio Historical Data

The historical data trend for Intra 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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Intra Energy Cash Ratio Chart

Intra Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash Ratio

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0.04

0.01

0.03

1.14

Intra Energy 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															0.04	0.03	0.53	1.14	2.45

Competitive Comparison of Intra Energy's Cash Ratio

For the Thermal Coal subindustry, Intra 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.

Intra Energy's Cash Ratio Distribution in the Other Energy Sources Industry

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

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

Intra 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.

Intra Energy's Cash Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash Ratio (A: Jun. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	1.299	/	1.137
	=	1.14

Intra 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
	=	2.254	/	0.919
	=	2.45

Intra Energy (ASX:IEC) 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.

Intra Energy Cash Ratio Related Terms

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Intra Energy (ASX:IEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Intra Energy Corp Ltd (ASX:IEC) » Definitions » Cash Ratio

Traded in Other Exchanges

N/A

Address

2 Park Street, Level 40, Sydney, NSW, AUS, 2000

Website

https://www.intraenergycorp.com.au

Intra Energy Corp Ltd is an Australia-based mining and energy company, engaged in the exploration and production of coal in South-Eastern Africa. The principal activities of the Consolidated Group were mineral exploration in Australia and progressing the sale of the Tanzanian coal operations. The company operates in two segments, Australia and Africa. Its flagship project is the Tancoal Mbalawala coal mine located in the Ngaka basin. It also holds interests in the Lurio Gold Project located in Mozambique, the Llama Project, and Yalgarra Project.