PT Harum Energy Tbk has a Cash Ratio of 0.64. 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 PT Harum Energy Tbk's Cash Ratio or its related term are showing as below:
ISX:HRUM'
s Cash Ratio Range Over the Past 10 Years
Min: 0.23 Med: 4.46 Max: 9.03
Current: 0.64
During the past 13 years, PT Harum Energy Tbk's highest Cash Ratio was 9.03. The lowest was 0.23. And the median was 4.46.
ISX:HRUM's Cash Ratio is ranked worse than 55.93% of 177
companies
in the Other Energy Sources industry
Industry Median: 0.77
vs ISX:HRUM: 0.64
PT Harum Energy Tbk Cash Ratio Historical Data
The historical data trend for PT Harum Energy Tbk'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 PT Harum Energy Tbk's Cash Ratio
For the Thermal Coal subindustry, PT Harum Energy Tbk'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.
PT Harum Energy Tbk's Cash Ratio Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, PT Harum Energy Tbk's Cash Ratio distribution charts can be found below:
* The bar in red indicates where PT Harum Energy Tbk's Cash Ratio falls into.
PT Harum Energy Tbk Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
PT Harum Energy Tbk's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
PT Harum Energy Tbk (ISX:HRUM) 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.
PT Harum Energy Tbk Cash Ratio Related Terms
Thank you for viewing the detailed overview of PT Harum Energy Tbk's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
PT Harum Energy Tbk is a holding company engaged in coal mining and logistics business in East Kalimantan, Indonesia. The company's activity is breakdown into various segments which include Coal mining sectors; Rental and service sectors and Other sectors. It serves coal-fired power generating and manufacturing companies. The business of the group is amplifying to the geographical region of South Korea, Taiwan, Malaysia, China, India, Japan, and others of which South Korea accounts for a larger share of the revenue.
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