Orica (OCLDY) Cash Ratio : 0.27 (As of Sep. 2024)

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What is Orica 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. Orica's Cash Ratio for the quarter that ended in Sep. 2024 was 0.27.

Orica has a Cash Ratio of 0.27. 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 Orica's Cash Ratio or its related term are showing as below:

OCLDY' s Cash Ratio Range Over the Past 10 Years
Min: 0.18 Med: 0.33 Max: 0.59
Current: 0.27

During the past 13 years, Orica's highest Cash Ratio was 0.59. The lowest was 0.18. And the median was 0.33.

OCLDY's Cash Ratio is ranked worse than
67.12% of 1539 companies
in the Chemicals industry
Industry Median: 0.5 vs OCLDY: 0.27

Orica Cash Ratio Historical Data

The historical data trend for Orica'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.

Orica Cash Ratio Chart

Orica Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Cash Ratio

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0.42

0.33

0.51

0.59

0.27

Orica Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash Ratio	Get a 7-Day Free Trial															0.51	0.39	0.59	0.59	0.27

Competitive Comparison of Orica's Cash Ratio

For the Specialty Chemicals subindustry, Orica'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.

Orica's Cash Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Orica's Cash Ratio distribution charts can be found below:

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

Orica Cash Ratio Calculation

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

Orica's Cash Ratio for the fiscal year that ended in Sep. 2024 is calculated as:

Cash Ratio (A: Sep. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	393.162	/	1436.019
	=	0.27

Orica's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	393.162	/	1436.019
	=	0.27

Orica (OTCPK:OCLDY) 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.

Orica Cash Ratio Related Terms

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Orica Business Description

Industry

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Traded in Other Exchanges

ICA:Germany ORI:Australia

Address

1 Nicholson Street, Level 3, East Melbourne, Melbourne, VIC, AUS, 3002

Website

https://www.orica.com

Orica is a leading global manufacturer and supplier of chemicals and explosives, primarily to the mining industry. It has operations in 50 countries across six continents. Mining services is the lone growth engine now that the chemicals business has been sold. Orica has an approximate 28% share of the global commercial explosives market. It provided resins, steel bolts, and other products for underground mining and tunneling though this business is now sold. It also supplies chemicals such as sodium cyanide to the mining industry.