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Top End Energy (ASX:TEE) Cash Ratio : 4.92 (As of Dec. 2024)


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What is Top End 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. Top End Energy's Cash Ratio for the quarter that ended in Dec. 2024 was 4.92.

Top End Energy has a Cash Ratio of 4.92. 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 Top End Energy's Cash Ratio or its related term are showing as below:

ASX:TEE' s Cash Ratio Range Over the Past 10 Years
Min: 3.98   Med: 8.88   Max: 14.94
Current: 4.92

During the past 3 years, Top End Energy's highest Cash Ratio was 14.94. The lowest was 3.98. And the median was 8.88.

ASX:TEE's Cash Ratio is ranked better than
90.95% of 994 companies
in the Oil & Gas industry
Industry Median: 0.43 vs ASX:TEE: 4.92

Top End Energy Cash Ratio Historical Data

The historical data trend for Top End 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.

* Premium members only.

Top End Energy Cash Ratio Chart

Top End Energy Annual Data
Trend Jun22 Jun23 Jun24
Cash Ratio
14.94 7.59 3.98

Top End Energy Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Cash Ratio Get a 7-Day Free Trial 12.14 7.59 10.16 3.98 4.92

Competitive Comparison of Top End Energy's Cash Ratio

For the Oil & Gas E&P subindustry, Top End 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.


Top End Energy's Cash Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Top End Energy's Cash Ratio distribution charts can be found below:

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



Top End 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.

Top End 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
=2.722/0.684
=3.98

Top End Energy's Cash Ratio for the quarter that ended in Dec. 2024 is calculated as:

Cash Ratio (Q: Dec. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=2.759/0.561
=4.92

* 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.


Top End Energy  (ASX:TEE) 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.


Top End Energy Cash Ratio Related Terms

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Top End Energy Business Description

Traded in Other Exchanges
N/A
Address
10 Outram Street, Level 2, Perth, WA, AUS, 6005
Top End Energy Ltd operates in the oil and gas industry with a focus on exploring for oil, gas and other associated, and potentially marketable, product streams in Queensland and the Northern Territory. The company's projects include Tri Star Project, NT Territory Holdco Pty Ltd, and TG Project. The Group has identified one operating segment being the exploration for natural gas in Australia.

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