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PJSC Slavneft Megionneftegas (MIC:MFGSP.PFD) Cash Ratio : 0.63 (As of Sep. 2023)


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What is PJSC Slavneft Megionneftegas 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. PJSC Slavneft Megionneftegas's Cash Ratio for the quarter that ended in Sep. 2023 was 0.63.

PJSC Slavneft Megionneftegas has a Cash Ratio of 0.63. 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 PJSC Slavneft Megionneftegas's Cash Ratio or its related term are showing as below:

MIC:MFGSP.PFD' s Cash Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.03   Max: 0.63
Current: 0.63

During the past 13 years, PJSC Slavneft Megionneftegas's highest Cash Ratio was 0.63. The lowest was 0.01. And the median was 0.03.

MIC:MFGSP.PFD's Cash Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 0.43 vs MIC:MFGSP.PFD: 0.63

PJSC Slavneft Megionneftegas Cash Ratio Historical Data

The historical data trend for PJSC Slavneft Megionneftegas'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.

PJSC Slavneft Megionneftegas Cash Ratio Chart

PJSC Slavneft Megionneftegas Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.03 0.02 0.02 -

PJSC Slavneft Megionneftegas Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Sep22 Jun23 Sep23
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 - - - 0.36 0.63

Competitive Comparison of PJSC Slavneft Megionneftegas's Cash Ratio

For the Oil & Gas E&P subindustry, PJSC Slavneft Megionneftegas'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.


PJSC Slavneft Megionneftegas's Cash Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where PJSC Slavneft Megionneftegas's Cash Ratio falls into.



PJSC Slavneft Megionneftegas Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

PJSC Slavneft Megionneftegas's Cash Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Cash Ratio (A: Dec. 2021 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=258.801/66377.637
=0.00

PJSC Slavneft Megionneftegas's Cash Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash Ratio (Q: Sep. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=26768.815/42367.738
=0.63

* 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.


PJSC Slavneft Megionneftegas  (MIC:MFGSP.PFD) 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.


PJSC Slavneft Megionneftegas Cash Ratio Related Terms

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PJSC Slavneft Megionneftegas Business Description

Traded in Other Exchanges
N/A
Address
4, 4th Lesnoy side-street, Moscow, RUS, 125047
PJSC Slavneft Megionneftegas is engaged in the oil and gas production activities in Russia. The company through its subsidiaries operates at the Megionskoye, Aganskoye, Vatinskoye, Tailakovskoye and other fields located in the Nizhnevartovsk, Surgut, Nefteyugansk regions of the Khanty-Mansi Autonomous Area - Yugra.

PJSC Slavneft Megionneftegas Headlines

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