SPH (Suburban Propane Partners LP) Cash Ratio: 0.02 (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SPH Suburban Propane Partners LP SPH
57 GF Score
Price $18.66
GF Value $18.09
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Suburban Propane Partners LP Cash Ratio?

Suburban Propane Partners LP SPH +0.27% 57 Cash Ratio is 0.02 as of Mar. 2026, which is at its 10-year median of 0.02. GuruFocus rates SPH with a GF Score™ of 57/100 and a GF Value™ of $18.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 484 Utilities - Regulated companies, Suburban Propane Partners LP ranks worse than 95.04% on this metric.

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. Suburban Propane Partners LP's Cash Ratio for the quarter that ended in Mar. 2026 was 0.02.

Suburban Propane Partners LP 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 Suburban Propane Partners LP's Cash Ratio or its related term are showing as below:

SPH' s Cash Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 0.38
Current: 0.02

During the past 13 years, Suburban Propane Partners LP's highest Cash Ratio was 0.38. The lowest was 0.01. And the median was 0.02.

SPH's Cash Ratio is ranked worse than
95.04% of 484 companies
in the Utilities - Regulated industry
Industry Median: 0.35 vs SPH: 0.02

Suburban Propane Partners LP  (NYSE:SPH) 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.


Suburban Propane Partners LP Cash Ratio Related Terms


Suburban Propane Partners LP Cash Ratio Historical Data

* Premium members only.

The historical data trend for Suburban Propane Partners LP'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.

Suburban Propane Partners LP Cash Ratio Chart

Suburban Propane Partners LP Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.01 0.01 0.01 0.00

Suburban Propane Partners LP Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.02 0.01 0.00 0.00 0.02

SPH vs NWN, RGCO, OPAL: Cash Ratio Comparison

For the Utilities - Regulated Gas subindustry, Suburban Propane Partners LP'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.


Suburban Propane Partners LP Cash Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Suburban Propane Partners LP's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Suburban Propane Partners LP's Cash Ratio falls into.


SPH
57GF Score
Suburban Propane Partners LP SPH
Cash Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Suburban Propane Partners LP Cash Ratio Calculation

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

Suburban Propane Partners LP's Cash Ratio for the fiscal year that ended in Sep. 2025 is calculated as:

Cash Ratio (A: Sep. 2025 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.405/302.82
=0.00

Suburban Propane Partners LP's Cash Ratio for the quarter that ended in Mar. 2026 is calculated as:

Cash Ratio (Q: Mar. 2026 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=4.292/247.77
=0.02

* 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.

Frequently Asked Questions Learn more about Cash Ratio →
What does a Cash Ratio of 0.02 mean?
Suburban Propane Partners LP (SPH) has a Cash Ratio of 0.02 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Suburban Propane Partners LP and its competitors. This is near median its historical median of 0.02. Over the past decade, Suburban Propane Partners LP's Cash Ratio has ranged from 0.01 to 0.38. According to the industry distribution chart, Suburban Propane Partners LP ranks #460 out of 484 companies in the Utilities - Regulated industry, placing it in the top 95%.
Is Suburban Propane Partners LP's Cash Ratio too high?
Suburban Propane Partners LP's current Cash Ratio of 0.02 is near median its 10-year median of 0.02. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.38. The Utilities - Regulated industry median Cash Ratio is 0.35. Suburban Propane Partners LP's value of 0.02 is 94.3% below this industry median. Based on the distribution chart, Suburban Propane Partners LP ranks #460 out of 484 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Suburban Propane Partners LP has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Suburban Propane Partners LP's Cash Ratio compare to NWN and RGCO?
According to the Utilities - Regulated industry distribution chart, Suburban Propane Partners LP ranks #460 out of 484 companies for Cash Ratio. This places Suburban Propane Partners LP in the lower half of its industry. The industry median Cash Ratio is 0.35. Suburban Propane Partners LP's value of 0.02 is 94.3% below this benchmark. Historically, Suburban Propane Partners LP's own Cash Ratio has ranged from 0.01 to 0.38 over the past decade. While the company's 10-year median is 0.02 vs. the industry median of 0.35, Suburban Propane Partners LP has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for an Utilities - Regulated company?
The median Cash Ratio among Utilities - Regulated companies is 0.35, based on 484 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Suburban Propane Partners LP's current Cash Ratio of 0.02 is 94.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Suburban Propane Partners LP and its competitors. For the Utilities - Regulated industry, the median Cash Ratio is 0.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Suburban Propane Partners LP's current Cash Ratio is 0.02, which is near median its own 10-year median of 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suburban Propane Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Suburban Propane Partners LP (SPH) is currently considered Fairly Valued. The stock's GF Value™ is $18.09, compared to a current price of $18.66 — trading 3.2% above its estimated fair value. The current Cash Ratio is 0.02, which is near median its 10-year median of 0.02 and 94.3% below the Utilities - Regulated industry median of 0.35. Suburban Propane Partners LP's overall GF Score™ is 57/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Suburban Propane Partners LP (SPH), the current Cash Ratio is 0.02 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Suburban Propane Partners LP (SPH) Overvalued in 2026?

Based on GuruFocus' analysis, Suburban Propane Partners LP stock appears to be overvalued. The current stock price of $18.66 is trading 3.2% above its estimated GF Value™ of $18.09. GuruFocus considers Suburban Propane Partners LP to be Fairly Valued.

Key valuation signals for SPH:

  • Cash Ratio: 0.02 (near median its 10-year median of 0.02)
  • GF Value™: $18.09 vs. price of $18.66 (3.2% above fair value)
  • GF Score™: 57/100 with 3 warning signs
  • Industry Position: 94.3% below the Utilities - Regulated median (#460 of 484)

No single metric tells the full story. See the SPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Suburban Propane Partners LP Business Description

Address 240 Route 10 West, Whippany, NJ, USA, 07981
Suburban Propane Partners LP distributes propane, renewable propane, renewable natural gas (RNG), fuel oil, refined fuels, and markets natural gas and electricity in deregulated markets. It produces and invests in low-carbon fuel alternatives. The company installs and services home comfort heating and ventilation equipment and distributes fuel oil, kerosene, diesel, and gasoline to about 25,000 residential and commercial customers mainly in the U.S. northeast. It operates three segments: Propane, Fuel Oil and Refined Fuels, and Natural Gas and Electricity, with the Propane segment generating the majority of revenue. Propane, a by-product of natural gas processing and petroleum refining, is a clean-burning energy source known for transportability and ease of use.
57GF Score

Get the complete analysis for SPH

Cash Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$18.66
Price
$18.09
GF Value