Worley (Worley) Cash Ratio : 0.22 (As of Dec. 2023)

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What is Worley 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. Worley's Cash Ratio for the quarter that ended in Dec. 2023 was 0.22.

Worley has a Cash Ratio of 0.22. 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 Worley's Cash Ratio or its related term are showing as below:

WYGPY' s Cash Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.19 Max: 2.15
Current: 0.22

During the past 13 years, Worley's highest Cash Ratio was 2.15. The lowest was 0.14. And the median was 0.19.

WYGPY's Cash Ratio is ranked worse than
68.36% of 1024 companies
in the Oil & Gas industry
Industry Median: 0.41 vs WYGPY: 0.22

Worley Cash Ratio Historical Data

The historical data trend for Worley'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.

Worley Cash Ratio Chart

Worley Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash Ratio

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0.17

0.16

0.21

0.19

0.18

Worley Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash Ratio	Get a 7-Day Free Trial															0.23	0.19	0.17	0.18	0.22

Competitive Comparison of Worley's Cash Ratio

For the Oil & Gas Equipment & Services subindustry, Worley'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.

Worley's Cash Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Worley's Cash Ratio falls into.

Worley Cash Ratio Calculation

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

Worley's Cash Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash Ratio (A: Jun. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	292.617	/	1627.517
	=	0.18

Worley's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	384.873	/	1743.641
	=	0.22

Worley (OTCPK:WYGPY) 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.

Worley Cash Ratio Related Terms

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Worley (Worley) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Worley Ltd (OTCPK:WYGPY) » Definitions » Cash Ratio

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WYGPF:USA WOR:Australia

Address

141 Walker Street, Level 17, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.worley.com

Worley is a leading global provider of professional services, such as engineering, procurement, and construction management, to the oil, gas, mining, power, and infrastructure sectors. Purchase of Jacobs ECR in April 2019 reduced revenue contribution from hydrocarbons to just over 50%, from a prior 75%-80% position. Metals and mining contributes 23% and infrastructure and chemicals the balance. Worley has a global presence with about 59,000 staff in more than 50 countries. It has a strong presence in many developing economies, including Africa.