GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Altius Renewable Royalties Corp (TSX:ARR) » Definitions » Cash Ratio

Altius Renewable Royalties (TSX:ARR) Cash Ratio : 33.81 (As of Sep. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Altius Renewable Royalties 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. Altius Renewable Royalties's Cash Ratio for the quarter that ended in Sep. 2024 was 33.81.

Altius Renewable Royalties has a Cash Ratio of 33.81. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.

The historical rank and industry rank for Altius Renewable Royalties's Cash Ratio or its related term are showing as below:

TSX:ARR' s Cash Ratio Range Over the Past 10 Years
Min: 0.04   Med: 108.42   Max: 246.94
Current: 33.81

During the past 6 years, Altius Renewable Royalties's highest Cash Ratio was 246.94. The lowest was 0.04. And the median was 108.42.

TSX:ARR's Cash Ratio is ranked better than
99.29% of 425 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.46 vs TSX:ARR: 33.81

Altius Renewable Royalties Cash Ratio Historical Data

The historical data trend for Altius Renewable Royalties'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.

Altius Renewable Royalties Cash Ratio Chart

Altius Renewable Royalties Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial 0.56 0.04 20.86 88.49 231.56

Altius Renewable Royalties Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 115.13 231.56 207.18 246.94 33.81

Competitive Comparison of Altius Renewable Royalties's Cash Ratio

For the Utilities - Renewable subindustry, Altius Renewable Royalties'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.


Altius Renewable Royalties's Cash Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Altius Renewable Royalties's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Altius Renewable Royalties's Cash Ratio falls into.



Altius Renewable Royalties Cash Ratio Calculation

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

Altius Renewable Royalties's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=119.021/0.514
=231.56

Altius Renewable Royalties'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
=84.176/2.49
=33.81

* 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.


Altius Renewable Royalties  (TSX:ARR) 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.


Altius Renewable Royalties Cash Ratio Related Terms

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


Altius Renewable Royalties Business Description

Traded in Other Exchanges
Address
38 Duffy Place, 2nd Floor, Saint Johns, NL, CAN, A1B 4M5
Altius Renewable Royalties Corp is a renewable energy royalty company whose business is to invest in renewable power developers and originators. The company's long-term objective is to gain exposure to revenue underlying renewable energy operations by acquiring and managing a portfolio of diversified renewable energy royalties including acquiring royalties and other interests directly from project originators, developers, operators, and third-party holders of existing royalties. The Company manages its business under one operating segment consisting of the acquisition and management of renewable energy investments and royalties in North America.
Executives
Frederick James Mifflin Director or Senior Officer of 10% Security Holder
André Gaumond Director, Director or Senior Officer of 10% Security Holder
Karen Elaine Clarke-whistler Director
Brian Dalton Director or Senior Officer of 10% Security Holder, Senior Officer
Roger Lace Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)