Cash Ratio Analysis of Nine Energy Svc Inc. - Deep Dive


Cash Ratio of NINE
Dec-23
0.373
Poor Cash Ratio
Dec-22
0.215
Poor Cash Ratio
Growth
73.04
%
Cash Ratio Analysis of Nine Energy Svc Inc.
Cash Ratio of Nine Energy Svc Inc. with value of 0.373 indicates that a company has generated low cash in a period than what is needed to pay off its current liabilities.
Cash Ratio of NINE rose handsomely by 73.04 % this year.
Cash Ratio with value of 1.59 was highest in Year Dec-20 in last Five Years.
Cash Ratio with value of 0.215 was lowest in Year Dec-22 in last Five Years.
Latest Cash Ratio with value of 0.373 is lower than Average Cash Ratio of 0.815 in last five years.
Other Cash Ratio Related Info of NINE that may interest you.
Nine Energy Svc Inc. Overview
CodePricePrevious PricePrice ChangeSector
NINE1.481.48 0 % Oil & Gas Equipment & Services
Fundamental AnalysisTechnical Analysis
Defination of Cash Ratio
The Cash Ratio measures the liquidity position of the company. This metric indicates how much the company can cover its current liabilities by its cash and cash equivalents.   more ..
Cash Ratio Formula

Cash Ratio Related Ratios
CurrentRatioQuickRatioDebtToEquityRatio

Tsr Stability Index
Very Low Stability Stock
FY - Historical Cash Ratio of Nine Energy Svc Inc.
PeriodDec-23Dec-22Dec-21Dec-20Dec-19Dec-18Dec-17
Cash Ratio0.3730.2150.3811.591.520.5870.061
Change73.04 %-43.48 %-75.98 %4.42 %158.58 %860.78 %-25.73 %
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FY Chart of Cash Ratio of Nine Energy Svc Inc.


Note : All Data Generated at the End of Trading Hours (EOD Data)