TerraVest Industries has a Cash Ratio of 0.09. 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 TerraVest Industries's Cash Ratio or its related term are showing as below:
TRRVF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.16 Max: 0.55
Current: 0.09
During the past 13 years, TerraVest Industries's highest Cash Ratio was 0.55. The lowest was 0.02. And the median was 0.16.
TRRVF's Cash Ratio is ranked worse than 81.48% of 988
companies
in the Oil & Gas industry
Industry Median: 0.435
vs TRRVF: 0.09
TerraVest Industries Cash Ratio Historical Data
The historical data trend for TerraVest Industries'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 TerraVest Industries's Cash Ratio
For the Oil & Gas Equipment & Services subindustry, TerraVest Industries'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.
TerraVest Industries's Cash Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TerraVest Industries's Cash Ratio distribution charts can be found below:
* The bar in red indicates where TerraVest Industries'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.
TerraVest Industries (OTCPK:TRRVF) 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.
TerraVest Industries Cash Ratio Related Terms
Thank you for viewing the detailed overview of TerraVest Industries's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
TerraVest Industries Inc manufactures home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company's operating segments include Home Heating and Cooling Products and Containment Equipment (HVAC Equipment), Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment), Energy Processing Equipment (Processing Equipment), and Service. The majority of its revenue is generated from its HVAC and Cooling Products and Containment Equipment segment which manufactures and distributes products including commercial and residential refined fuel tanks, wastewater treatment systems, grease removal systems, and other custom-built steel storage products.
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