Royal Helium 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 Royal Helium's Cash Ratio or its related term are showing as below:
During the past 11 years, Royal Helium's highest Cash Ratio was 32.80. The lowest was 0.01. And the median was 1.76.
TSXV:RHC's Cash Ratio is not ranked *
in the Oil & Gas industry.
Industry Median: 0.41 * Ranked among companies with meaningful Cash Ratio only.
Royal Helium Cash Ratio Historical Data
The historical data trend for Royal Helium'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.
Competitive Comparison of Royal Helium's Cash Ratio
For the Oil & Gas E&P subindustry, Royal Helium'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.
Royal Helium's Cash Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Royal Helium's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Royal Helium's Cash Ratio falls into.
Royal Helium Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Royal Helium'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.
Royal Helium (TSXV:RHC) 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.
Royal Helium Cash Ratio Related Terms
Thank you for viewing the detailed overview of Royal Helium's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Royal Helium Ltd is focused on the exploration and development of primary helium production in southern Saskatchewan. Royal is the helium leaseholder in North America. Located next to highways, roads, and cities, and importantly close to existing oil and gas infrastructure, the company's projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists, and engineers. Its project includes Saskatchewan Helium Play Elements for Success.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSXV:RHC has been successfully added to your 