Kistos Holdings has a Cash Ratio of 0.79. 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 Kistos Holdings's Cash Ratio or its related term are showing as below:
STU:LU0'
s Cash Ratio Range Over the Past 10 Years
Min: 0.79 Med: 1.11 Max: 1.15
Current: 0.79
During the past 4 years, Kistos Holdings's highest Cash Ratio was 1.15. The lowest was 0.79. And the median was 1.11.
STU:LU0's Cash Ratio is ranked better than 65.42% of 986
companies
in the Oil & Gas industry
Industry Median: 0.43
vs STU:LU0: 0.79
Kistos Holdings Cash Ratio Historical Data
The historical data trend for Kistos Holdings'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.
Competitive Comparison of Kistos Holdings's Cash Ratio
For the Oil & Gas E&P subindustry, Kistos Holdings'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.
Kistos Holdings's Cash Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Kistos Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Kistos Holdings's Cash Ratio falls into.
* 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.
Kistos Holdings (STU:LU0) 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.
Kistos Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of Kistos Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kistos Holdings PLC is established to create value for its investors through the acquisition and management of companies or businesses in the energy sector. Its principal area of activity is the acquisition and operation of companies or businesses in the energy sector, with a focus on upstream oil and gas activities. The company's reportable segments are; the Netherlands, comprising the production and sale of gas and other hydrocarbons in the Q10-A field and the related costs; the Norway segment comprises the production of oil from interests in the Balder and Ringhorne Ost fields offshore Norway; and the UK segment represents the production and sale of gas and other hydrocarbons from its interest in GLA and related costs.
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