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The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Cameron International's quick ratio for the quarter that ended in Dec. 2015 was 1.48.
Cameron International has a quick ratio of 1.48. It generally indicates good short-term financial strength.
The historical rank and industry rank for Cameron International's Quick Ratio or its related term are showing as below:
The historical data trend for Cameron International's Quick 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.
Cameron International Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
Quick Ratio | Get a 7-Day Free Trial | 1.28 | 1.32 | 1.18 | 1.08 | 1.48 |
Cameron International Quarterly Data | ||||||||||||||||||||
Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | |
Quick Ratio | Get a 7-Day Free Trial | 1.08 | 1.19 | 1.29 | 1.43 | 1.48 |
For the Oil & Gas Equipment & Services subindustry, Cameron International's Quick Ratio, along with its competitors' market caps and Quick 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.
For the Oil & Gas industry and Energy sector, Cameron International's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Cameron International's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Cameron International's Quick Ratio for the fiscal year that ended in Dec. 2015 is calculated as
Quick Ratio (A: Dec. 2015 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (7118 | - | 2360) | / | 3206 | |
= | 1.48 |
Cameron International's Quick Ratio for the quarter that ended in Dec. 2015 is calculated as
Quick Ratio (Q: Dec. 2015 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (7118 | - | 2360) | / | 3206 | |
= | 1.48 |
* 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.
Cameron International (NYSE:CAM) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Thank you for viewing the detailed overview of Cameron International's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Peter J Fluor | director | 20 N. BROADWAY, OKLAHOMA CITY OK 73102 |
James T Hackett | director | C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039 |
Douglas L Foshee | director | 1001 LOUISIANA STREET, HOUSTON TX 77002 |
Jack B Moore | director | 5 GREENWAY PLAZA, STE 110, HOUSTON TX 77046 |
Timothy J Probert | director | 12300 PARK CREST DR, STAFFORD TX 77477 |
Robert Scott Rowe | officer: Vice President | 1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027 |
Paulett Eberhart | director | C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 32121 |
Charles M Sledge | officer: Sr Vice Pres & CFO | 1611 SCENIC MOUNTAIN COURT, KINGWOOD TX 77345 |
Bruce W Wilkinson | director | 1333 WEST LOOP SOUTH, STE 1700, HOUSTON TX 77027 |
Jon Erik Reinhardsen | director | 1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027 |
Dennis S Baldwin | officer: VP Controller and CAO | 1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027 |
Brent J Smolik | director | 1001 NOBLE ENERGY WAY, HOUSTON TX 77070 |
Gary M. Halverson | officer: Sr Vice President | 1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027 |
H. Keith Jennings | officer: Vice President & Treasurer | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Owen Serjeant | officer: Vice President | 24955 INTERSTATE 45 NORTH, THE WOODLANDS X1 77380 |
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