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Refinaria De Petroleos Manguinhos (BSP:RPMG3) Cash Ratio : 0.00 (As of Sep. 2023)


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What is Refinaria De Petroleos Manguinhos 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. Refinaria De Petroleos Manguinhos's Cash Ratio for the quarter that ended in Sep. 2023 was 0.00.

Refinaria De Petroleos Manguinhos has a Cash Ratio of 0.00. 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 Refinaria De Petroleos Manguinhos's Cash Ratio or its related term are showing as below:

BSP:RPMG3's Cash Ratio is not ranked *
in the Oil & Gas industry.
Industry Median: 0.41
* Ranked among companies with meaningful Cash Ratio only.

Refinaria De Petroleos Manguinhos Cash Ratio Historical Data

The historical data trend for Refinaria De Petroleos Manguinhos'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.

Refinaria De Petroleos Manguinhos Cash Ratio Chart

Refinaria De Petroleos Manguinhos Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cash Ratio
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Refinaria De Petroleos Manguinhos Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of Refinaria De Petroleos Manguinhos's Cash Ratio

For the Oil & Gas Refining & Marketing subindustry, Refinaria De Petroleos Manguinhos'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.


Refinaria De Petroleos Manguinhos's Cash Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Refinaria De Petroleos Manguinhos's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Refinaria De Petroleos Manguinhos's Cash Ratio falls into.



Refinaria De Petroleos Manguinhos Cash Ratio Calculation

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

Refinaria De Petroleos Manguinhos's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash Ratio (A: Dec. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=1.011/8931.289
=0.00

Refinaria De Petroleos Manguinhos's Cash Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash Ratio (Q: Sep. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=1.208/10093.884
=0.00

* 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.


Refinaria De Petroleos Manguinhos  (BSP:RPMG3) 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.


Refinaria De Petroleos Manguinhos Cash Ratio Related Terms

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Refinaria De Petroleos Manguinhos (BSP:RPMG3) Business Description

Traded in Other Exchanges
N/A
Address
Avenida Brasil, 3141, Manguinhos, Rio de Janeiro, RJ, BRA, 20930041
Refinaria De Petroleos Manguinhos SA is engaged in the operation of the oil refinery, import, sale and export of crude oil and its derivatives, and provision of services related to the refining activity, among others.

Refinaria De Petroleos Manguinhos (BSP:RPMG3) Headlines

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