Basin Energy (ASX:BSN) Cash Ratio : 26.15 (As of Dec. 2023)

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What is Basin Energy 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. Basin Energy's Cash Ratio for the quarter that ended in Dec. 2023 was 26.15.

Basin Energy has a Cash Ratio of 26.15. 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 Basin Energy's Cash Ratio or its related term are showing as below:

ASX:BSN' s Cash Ratio Range Over the Past 10 Years
Min: 26.15 Med: 47.79 Max: 83.93
Current: 26.15

During the past 2 years, Basin Energy's highest Cash Ratio was 83.93. The lowest was 26.15. And the median was 47.79.

ASX:BSN's Cash Ratio is ranked better than
95.4% of 174 companies
in the Other Energy Sources industry
Industry Median: 0.895 vs ASX:BSN: 26.15

Basin Energy Cash Ratio Historical Data

The historical data trend for Basin Energy'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.

Basin Energy Cash Ratio Chart

Basin Energy Annual Data

Trend

Jun22

Jun23

Cash Ratio

88.02

47.79

Basin Energy Semi-Annual Data
	Dec22	Jun23	Dec23
Cash Ratio	83.93	47.79	26.15

Competitive Comparison of Basin Energy's Cash Ratio

For the Uranium subindustry, Basin Energy'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.

Basin Energy's Cash Ratio Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Basin Energy's Cash Ratio distribution charts can be found below:

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

Basin Energy Cash Ratio Calculation

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

Basin Energy'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
	=	5.209	/	0.109
	=	47.79

Basin Energy'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
	=	3.399	/	0.13
	=	26.15

Basin Energy (ASX:BSN) 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.

Basin Energy Cash Ratio Related Terms

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Basin Energy (ASX:BSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Basin Energy Ltd (ASX:BSN) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Ord Street, Level 1, West Perth, WA, AUS, 6005

Website

https://www.basinenergy.com.au

Basin Energy Ltd is an early-stage mineral exploration and development company focused on uranium projects located in Canada. The company holds interests in the Marshall, Geikie, and North Millennium Projects. Each of the Projects is a prospective uranium exploration project.