Natural Resources Partners LP has a Cash Ratio of 0.24. 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 Natural Resources Partners LP's Cash Ratio or its related term are showing as below:
NRP'
s Cash Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.5 Max: 2.1
Current: 0.24
During the past 13 years, Natural Resources Partners LP's highest Cash Ratio was 2.10. The lowest was 0.21. And the median was 0.50.
NRP's Cash Ratio is ranked worse than 78.74% of 174
companies
in the Other Energy Sources industry
Industry Median: 0.875
vs NRP: 0.24
Natural Resources Partners LP Cash Ratio Historical Data
* 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 Natural Resources Partners LP's Cash Ratio
For the Thermal Coal subindustry, Natural Resources Partners LP'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.
Natural Resources Partners LP's Cash Ratio Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Natural Resources Partners LP's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Natural Resources Partners LP's Cash Ratio falls into.
Natural Resources Partners LP Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Natural Resources Partners LP (NYSE:NRP) 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.
Natural Resources Partners LP Cash Ratio Related Terms
Thank you for viewing the detailed overview of Natural Resources Partners LP's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Natural Resources Partners LP (Natural Resources Partners LP) Business Description
Natural Resources Partners LP is a diversified natural resource company. It is engaged in the business of owning, managing and leasing a diversified portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, crude oil and natural gas, construction aggregates, frac sand, and other natural resources. The company leases coal reserves to experience mine operators under long-term leases that grant the operator the right to mine its coal reserves in exchange for royalty payments. The company operates in two reportable segments namely: Mineral Rights and Soda Ash. the majority of the revenue is generated from the Mineral Rights segment. The business activity of the group functions through the United States.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NRP has been successfully added to your 