GSPE (Gulfslope Energy) Cash Ratio: 0.00 (As of Jun. 2023)

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What is Gulfslope Energy Cash Ratio?

Gulfslope Energy GSPE -99.00% Cash Ratio is 0.00 as of Jun. 2023.

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. Gulfslope Energy's Cash Ratio for the quarter that ended in Jun. 2023 was 0.00.

Gulfslope Energy has a Cash Ratio of 0.00. 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 Gulfslope Energy's Cash Ratio or its related term are showing as below:

GSPE's Cash Ratio is not ranked *
in the Oil & Gas industry.
Industry Median: 0.44
* Ranked among companies with meaningful Cash Ratio only.

Gulfslope Energy  (OTCPK:GSPE) 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.


Gulfslope Energy Cash Ratio Related Terms


Gulfslope Energy Cash Ratio Historical Data

* Premium members only.

The historical data trend for Gulfslope 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.

Gulfslope Energy Cash Ratio Chart

Gulfslope Energy Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.23 0.04 0.23 0.11 0.01

Gulfslope Energy Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.01 0.00 0.00 0.00

GSPE vs FECOF, AMNI, VBHI: Cash Ratio Comparison

For the Oil & Gas E&P subindustry, Gulfslope 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.


Gulfslope Energy Cash Ratio vs Oil & Gas Industry

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

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



Gulfslope 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.

Gulfslope Energy's Cash Ratio for the fiscal year that ended in Sep. 2022 is calculated as:

Cash Ratio (A: Sep. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.135/13.991
=0.01

Gulfslope Energy's Cash Ratio for the quarter that ended in Jun. 2023 is calculated as:

Cash Ratio (Q: Jun. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.002/14.714
=0.00

* 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.

Frequently Asked Questions Learn more about Cash Ratio →
What does a Cash Ratio of 0.00 mean?
Gulfslope Energy (GSPE) has a Cash Ratio of 0.00 as of Jun. 2023. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Gulfslope Energy and its competitors.
Is Gulfslope Energy's Cash Ratio too high?
Gulfslope Energy's current Cash Ratio is 0.00.
How does Gulfslope Energy's Cash Ratio compare to FECOF and AMNI?
Gulfslope Energy's Cash Ratio of 0.00 can be compared against companies in the Oil & Gas industry. The industry median Cash Ratio is 0.44. 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 979 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. 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 Gulfslope Energy 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. Gulfslope Energy's current Cash Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulfslope Energy stock overvalued right now?
Gulfslope Energy (GSPE) has a current Cash Ratio of 0.00. The current Cash Ratio is 0.00. 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 Gulfslope Energy (GSPE), the current Cash Ratio is 0.00 as of Jun. 2023. 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.

Gulfslope Energy Business Description

Industry EnergyOil & Gas
Address 1000 Main Street, Suite 2300, Houston, TX, USA, 77002
Gulfslope Energy Inc is a part of the oil and gas markets. It is a crude oil and natural gas exploration and production company. The company's activities are focused on the shelf area of the Gulf of Mexico. It is focused on identifying and acquiring oil and gas prospects. It has licensed three-dimensional seismic data and has evaluated this data using interpretation technologies.