SKYQ (Sky Quarry) Cash Ratio : 0.02 (As of Sep. 2024)

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What is Sky Quarry 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. Sky Quarry's Cash Ratio for the quarter that ended in Sep. 2024 was 0.02.

Sky Quarry has a Cash Ratio of 0.02. 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 Sky Quarry's Cash Ratio or its related term are showing as below:

SKYQ' s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.02 Max: 0.02
Current: 0.02

During the past 0 years, Sky Quarry's highest Cash Ratio was 0.02. The lowest was 0.02. And the median was 0.02.

SKYQ's Cash Ratio is ranked worse than
93.87% of 979 companies
in the Oil & Gas industry
Industry Median: 0.44 vs SKYQ: 0.02

Sky Quarry Cash Ratio Historical Data

The historical data trend for Sky Quarry'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.

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Sky Quarry Cash Ratio Chart

Sky Quarry Annual Data

Trend

Cash Ratio

Sky Quarry Quarterly Data
	Sep23	Sep24
Cash Ratio	-	0.02

Competitive Comparison of Sky Quarry's Cash Ratio

For the Oil & Gas Integrated subindustry, Sky Quarry'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.

Sky Quarry's Cash Ratio Distribution in the Oil & Gas Industry

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

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

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Sky Quarry Cash Ratio Calculation

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

Sky Quarry's Cash Ratio for the fiscal year that ended in . 20 is calculated as:

Cash Ratio (A: . 20 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=		/
	=

Sky Quarry'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
	=	0.293	/	15.591
	=	0.02

Sky Quarry (NAS:SKYQ) 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.

Sky Quarry Cash Ratio Related Terms

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Sky Quarry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sky Quarry Inc (NAS:SKYQ) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

707 W. 700 S, Suite 101, Woods Cross, UT, USA, 84087

Website

https://www.skyquarry.com

Sky Quarry Inc is a development-stage oil-producing and refining company. The company along with its subsidiaries is engaged in deploying technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated soils. The recycling and production of oil from asphalt shingles is expected to reduce the dependence on landfills for the disposal of waste and to also reduce dependence on foreign and domestic virgin crude oil extraction for industrial uses.