The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Quicksilver Resources's current ratio for the quarter that ended in Sep. 2015 was 1.03.
Quicksilver Resources has a current ratio of 1.03. It generally indicates good short-term financial strength.
The historical rank and industry rank for Quicksilver Resources's Current Ratio or its related term are showing as below:
FRA:QSR'
s Current Ratio Range Over the Past 10 Years
Min: 0.2 Med: 0.82 Max: 3.65
Current: 1.03
During the past 13 years, Quicksilver Resources's highest Current Ratio was 3.65. The lowest was 0.20. And the median was 0.82.
FRA:QSR's Current Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.33
vs FRA:QSR: 1.03
Quicksilver Resources Current Ratio Historical Data
The historical data trend for Quicksilver Resources's Current 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.
Competitive Comparison of Quicksilver Resources's Current Ratio
For the Oil & Gas E&P subindustry, Quicksilver Resources's Current Ratio, along with its competitors' market caps and Current 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.
Quicksilver Resources's Current Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Quicksilver Resources's Current Ratio distribution charts can be found below:
* The bar in red indicates where Quicksilver Resources's Current Ratio falls into.
Quicksilver Resources Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Quicksilver Resources's Current Ratio for the fiscal year that ended in Dec. 2014 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.
Quicksilver Resources (FRA:QSR) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Quicksilver Resources Current Ratio Related Terms
Thank you for viewing the detailed overview of Quicksilver Resources's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Quicksilver Resources (FRA:QSR) Business Description
Quicksilver Resources Inc was organized as a Delaware corporation in 1997 and became a public company in 1999. It is an independent oil and gas company engaged in the acquisition, exploration, development and production of onshore oil and natural gas in North America and are based in Fort Worth, Texas. The Company focuses on unconventional reservoirs where hydrocarbons may be found in challenging geological conditions, such as fractured shales and coalbeds. Its producing oil and natural gas properties in the United States are principally located in Texas and in Canada in Alberta and British Columbia. Its three core development areas include: Barnett Shale; Horn River; and Horseshoe Canyon. Additionally, It has an oil exploration opportunity in the Delaware basin in western Texas. The Company competes for acquisitions of prospective oil and natural gas properties and oil and gas reserves. Its oil and natural gas operations are focused onshore in North America, in basins containing unconventional reservoirs with predictable, long-lived production. Its current production and development operations are concentrated in its three core areas: the Barnett Shale, Horn River and Horseshoe Canyon. The Company compete for acquisitions of prospective oil and natural gas properties and oil and natural gas reserves. It also compete for drilling rigs and equipment used to drill for and produce oil and natural gas. The Company is subject to a number of federal, state, provincial and local laws and regulations, whose purpose is to protect the health and safety of workers, both generally and within Its industry.
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