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MRC Global (MRC Global) Cash Ratio : 0.17 (As of Dec. 2023)


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What is MRC Global 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. MRC Global's Cash Ratio for the quarter that ended in Dec. 2023 was 0.17.

MRC Global 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 MRC Global's Cash Ratio or its related term are showing as below:

MRC' s Cash Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.1   Max: 0.3
Current: 0.17

During the past 13 years, MRC Global's highest Cash Ratio was 0.30. The lowest was 0.04. And the median was 0.10.

MRC's Cash Ratio is ranked worse than
72.27% of 1024 companies
in the Oil & Gas industry
Industry Median: 0.41 vs MRC: 0.17

MRC Global Cash Ratio Historical Data

The historical data trend for MRC Global'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.

MRC Global Cash Ratio Chart

MRC Global Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.30 0.11 0.06 0.17

MRC Global Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.06 0.05 0.09 0.17

Competitive Comparison of MRC Global's Cash Ratio

For the Oil & Gas Equipment & Services subindustry, MRC Global'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.


MRC Global's Cash Ratio Distribution in the Oil & Gas Industry

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

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



MRC Global Cash Ratio Calculation

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

MRC Global's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

MRC Global's Cash Ratio for the quarter 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.


MRC Global  (NYSE:MRC) 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.


MRC Global Cash Ratio Related Terms

Thank you for viewing the detailed overview of MRC Global's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


MRC Global (MRC Global) Business Description

Traded in Other Exchanges
N/A
Address
1301 McKinney Street, Suite 2300, Houston, TX, USA, 77010
MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.
Executives
Shweta Kurvey-mishra officer: See Remarks 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Anne Mcentee director 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Malcolm O'neal officer: SVP - Human Resources 1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Emily K. Shields officer: See Remarks 1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Stephen B. Smith officer: See Remarks 1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Ronald L Jadin director 100 GRAINGER PARKWAY, LAKE FOREST IL 60045
George John Damiris director 100 CRESCENT COURT, SUITE 1600, DALLAS TX 75201
Gillian Anderson officer: See Remarks 1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Robert J. Saltiel director, officer: President and CEO 4 GREENWAY PLAZA, HOUSTON TX 77046
Rance C Long officer: SVP-Business Development 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
John P Mccarthy officer: SVP-Supply Chain 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Cornell Capital Gp Ii Lp 10 percent owner C/O CORNELL CAPITAL LLC, 499 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022
Cornell Investment Partners Llc 10 percent owner C/O DAVIS POLK & WARDWELL LLP, ATTN: R.A DRUCKER, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Mario Investments Llc 10 percent owner C/O DAVIS POLK & WARDWELL LLP, ATTN: R.A DRUCKER, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Cornell Capital Special Situations Partners Ii Lp 10 percent owner C/O CORNELL CAPITAL LLC, 499 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022