Woodside Energy Group (Woodside Energy Group) Cash Ratio : 0.39 (As of Dec. 2023)

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What is Woodside Energy Group 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. Woodside Energy Group's Cash Ratio for the quarter that ended in Dec. 2023 was 0.39.

Woodside Energy Group has a Cash Ratio of 0.39. 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 Woodside Energy Group's Cash Ratio or its related term are showing as below:

WDS' s Cash Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.3 Max: 1.68
Current: 0.39

During the past 13 years, Woodside Energy Group's highest Cash Ratio was 1.68. The lowest was 0.09. And the median was 0.30.

WDS's Cash Ratio is ranked worse than
51.8% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.41 vs WDS: 0.39

Woodside Energy Group Cash Ratio Historical Data

The historical data trend for Woodside Energy Group'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.

Woodside Energy Group Cash Ratio Chart

Woodside Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

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0.18

0.26

1.28

1.04

0.39

Woodside Energy Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash Ratio	Get a 7-Day Free Trial															1.28	0.86	1.04	0.78	0.39

Competitive Comparison of Woodside Energy Group's Cash Ratio

For the Oil & Gas E&P subindustry, Woodside Energy Group'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.

Woodside Energy Group's Cash Ratio Distribution in the Oil & Gas Industry

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

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

Woodside Energy Group Cash Ratio Calculation

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

Woodside Energy Group'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
	=	1949	/	4982
	=	0.39

Woodside Energy Group'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
	=	1949	/	4982
	=	0.39

Woodside Energy Group (NYSE:WDS) 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.

Woodside Energy Group Cash Ratio Related Terms

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Woodside Energy Group (Woodside Energy Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Woodside Energy Group Ltd (NYSE:WDS) » Definitions » Cash Ratio

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Address

11 Mount Street, Mia Yellagonga, Perth, WA, AUS, 6000

Website

https://www.woodside.com.au

Incorporated in 1954 and named after the small Victorian town of Woodside, Woodside's early exploration focus moved from Victoria's Gippsland Basin to Western Australia's Carnarvon Basin. First LNG production from the North West Shelf came in 1984. BHP Billiton and Shell each had 40% shareholdings before BHP sold out in 1994 and Shell sold down to 34%. In 2010, Shell further decreased its shareholding to 24%. Woodside has the potential to become the most LNG-leveraged company globally.