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Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Cash Ratio : 0.17 (As of Dec. 2023)


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What is Aqaseem Factory for Chemicals & Plastics Co 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. Aqaseem Factory for Chemicals & Plastics Co's Cash Ratio for the quarter that ended in Dec. 2023 was 0.17.

Aqaseem Factory for Chemicals & Plastics Co has a Cash Ratio of 0.17. 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 Aqaseem Factory for Chemicals & Plastics Co's Cash Ratio or its related term are showing as below:

SAU:9539' s Cash Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.12   Max: 0.17
Current: 0.17

During the past 3 years, Aqaseem Factory for Chemicals & Plastics Co's highest Cash Ratio was 0.17. The lowest was 0.12. And the median was 0.12.

SAU:9539's Cash Ratio is ranked worse than
71.23% of 1015 companies
in the Oil & Gas industry
Industry Median: 0.4 vs SAU:9539: 0.17

Aqaseem Factory for Chemicals & Plastics Co Cash Ratio Historical Data

The historical data trend for Aqaseem Factory for Chemicals & Plastics Co'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.

Aqaseem Factory for Chemicals & Plastics Co Cash Ratio Chart

Aqaseem Factory for Chemicals & Plastics Co Annual Data
Trend Dec21 Dec22 Dec23
Cash Ratio
0.12 0.12 0.17

Aqaseem Factory for Chemicals & Plastics Co Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash Ratio Get a 7-Day Free Trial 0.12 0.06 0.12 0.09 0.17

Competitive Comparison of Aqaseem Factory for Chemicals & Plastics Co's Cash Ratio

For the Oil & Gas Refining & Marketing subindustry, Aqaseem Factory for Chemicals & Plastics Co'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.


Aqaseem Factory for Chemicals & Plastics Co's Cash Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Aqaseem Factory for Chemicals & Plastics Co's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Aqaseem Factory for Chemicals & Plastics Co's Cash Ratio falls into.



Aqaseem Factory for Chemicals & Plastics Co Cash Ratio Calculation

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

Aqaseem Factory for Chemicals & Plastics Co's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=8.397/48.894
=0.17

Aqaseem Factory for Chemicals & Plastics Co'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
=8.397/48.894
=0.17

* 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.


Aqaseem Factory for Chemicals & Plastics Co  (SAU:9539) 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.


Aqaseem Factory for Chemicals & Plastics Co Cash Ratio Related Terms

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Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Business Description

Traded in Other Exchanges
N/A
Address
East Ring Road - between exit 17 and 18, Riyadh, SAU
Aqaseem Factory for Chemicals & Plastics Co manufactures oils and lubricants. Its product offering comprises a range of Automotive Lubricants, Industrial Lubricants, Marine Lubricants, and Grease. The firm offers Gasoline Engine oil, diesel engine oil, Gear oil, turbine oil, compressor oil, and hydraulic oil, among others.

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Headlines

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