INA-Industrija Nafte DD 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 INA-Industrija Nafte DD's Cash Ratio or its related term are showing as below:
ZAG:INA'
s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.1 Max: 0.52
Current: 0.09
During the past 13 years, INA-Industrija Nafte DD's highest Cash Ratio was 0.52. The lowest was 0.02. And the median was 0.10.
ZAG:INA's Cash Ratio is ranked worse than 81.17% of 988
companies
in the Oil & Gas industry
Industry Median: 0.43
vs ZAG:INA: 0.09
INA-Industrija Nafte DD Cash Ratio Historical Data
* 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 INA-Industrija Nafte DD's Cash Ratio
For the Oil & Gas E&P subindustry, INA-Industrija Nafte DD'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.
INA-Industrija Nafte DD's Cash Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, INA-Industrija Nafte DD's Cash Ratio distribution charts can be found below:
* The bar in red indicates where INA-Industrija Nafte DD's Cash Ratio falls into.
INA-Industrija Nafte DD Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
INA-Industrija Nafte DD's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
INA-Industrija Nafte DD (ZAG:INA) 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.
INA-Industrija Nafte DD Cash Ratio Related Terms
Thank you for viewing the detailed overview of INA-Industrija Nafte DD's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
INA-Industrija Nafte DD is a medium-sized European oil and gas company. It is engaged in exploration and production of oil and gas deposits, import of natural gas and sale of imported and domestically produced natural gas to industrial consumers and municipal gas distributors, refining and production of oil products through refineries located at Rijeka and Sisak, and Zagreb lubricants plants. Its segments are Exploration and Production of Oil & Gas; Refining & Marketing; Corporate and other. Exploration and Production of Oil & Gas segment include exploration, production, and selling of crude oil and natural gas. Refining & Marketing segment includes crude oil processing, wholesale of refinery products, trading, and logistics.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ZAG:INA has been successfully added to your 