RNSGP.PFD (Resolute Energy) Cash Ratio : 0.01 (As of Sep. 2018)

View and export this data going back to 2017. Start your Free Trial

What is Resolute 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. Resolute Energy's Cash Ratio for the quarter that ended in Sep. 2018 was 0.01.

Resolute Energy has a Cash Ratio of 0.01. 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 Resolute Energy's Cash Ratio or its related term are showing as below:

RNSGP.PFD's Cash Ratio is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.43
* Ranked among companies with meaningful Cash Ratio only.

Resolute Energy Cash Ratio Historical Data

The historical data trend for Resolute 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.

Resolute Energy Cash Ratio Chart

Resolute Energy Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Cash Ratio

Get a 7-Day Free Trial

0.04

0.16

0.58

0.02

Resolute Energy Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Cash Ratio	Get a 7-Day Free Trial															-	0.02	-	-	0.01

Competitive Comparison of Resolute Energy's Cash Ratio

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

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

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

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

Resolute 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.

Resolute Energy's Cash Ratio for the fiscal year that ended in Dec. 2017 is calculated as:

Cash Ratio (A: Dec. 2017 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	3.762	/	160.799
	=	0.02

Resolute Energy's Cash Ratio for the quarter that ended in Sep. 2018 is calculated as:

Cash Ratio (Q: Sep. 2018 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	3.269	/	270.8
	=	0.01

Resolute Energy (OTCPK:RNSGP.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.

Resolute Energy Cash Ratio Related Terms

Thank you for viewing the detailed overview of Resolute Energy's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Resolute Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Resolute Energy Corp (OTCPK:RNSGP.PFD) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

1700 Lincoln Street, Suite 2800, Denver, CO, USA, 80203

Website

http://www.resoluteenergy.com

Resolute Energy Corp is an independent oil and gas company engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. The group primarily operates in Oil, Gas and Natural gas liquids division. The company's operating assets are comprised primarily of properties in the Permian Basin in west Texas and southeast New Mexico and Aneth Field located in the Paradox Basin in the southeast. Geographically all the business activities of the firm are operated through the United States of America. Resolute derives the majority of revenue from oil division.