CKX Lands has a Cash Ratio of 18.33. 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 CKX Lands's Cash Ratio or its related term are showing as below:
CKX'
s Cash Ratio Range Over the Past 10 Years
Min: 18.33 Med: 29.43 Max: 113.21
Current: 18.33
During the past 13 years, CKX Lands's highest Cash Ratio was 113.21. The lowest was 18.33. And the median was 29.43.
CKX's Cash Ratio is ranked better than 97.07% of 1025
companies
in the Oil & Gas industry
Industry Median: 0.41
vs CKX: 18.33
CKX Lands Cash Ratio Historical Data
The historical data trend for CKX Lands'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.
For the Oil & Gas E&P subindustry, CKX Lands'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.
CKX Lands's Cash Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CKX Lands's Cash Ratio distribution charts can be found below:
* The bar in red indicates where CKX Lands's Cash Ratio falls into.
CKX Lands Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
CKX Lands'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.
CKX Lands (AMEX:CKX) 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.
CKX Lands Cash Ratio Related Terms
Thank you for viewing the detailed overview of CKX Lands's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
CKX Lands Inc is a Louisiana corporation organized to receive non-producing mineral royalties spun off by a southwest Louisiana bank. It operates in three segments: Oil and Gas, Surface, and Timber. The company owns land and mineral interests and collects income through its ownership in the form of oil and gas royalties, surface leases for farming, the right of way and other uses, and timber sales. The company's oil and gas royalties are paid by the operators who own the wells and timber income is paid by the highest bidder for the timber.
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