GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » El Paso Pipeline Partners LP (FRA:3EP1) » Definitions » Quick Ratio

El Paso Pipeline Partners LP (FRA:3EP1) Quick Ratio : 1.00 (As of Sep. 2014)


View and export this data going back to . Start your Free Trial

What is El Paso Pipeline Partners LP Quick Ratio?

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. El Paso Pipeline Partners LP's quick ratio for the quarter that ended in Sep. 2014 was 1.00.

El Paso Pipeline Partners LP has a quick ratio of 1.00. It generally indicates good short-term financial strength.

The historical rank and industry rank for El Paso Pipeline Partners LP's Quick Ratio or its related term are showing as below:

FRA:3EP1' s Quick Ratio Range Over the Past 10 Years
Min: 0.09   Med: 1.01   Max: 8.54
Current: 1

During the past 11 years, El Paso Pipeline Partners LP's highest Quick Ratio was 8.54. The lowest was 0.09. And the median was 1.01.

FRA:3EP1's Quick Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.11 vs FRA:3EP1: 1.00

El Paso Pipeline Partners LP Quick Ratio Historical Data

The historical data trend for El Paso Pipeline Partners LP'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.

* Premium members only.

El Paso Pipeline Partners LP Quick Ratio Chart

El Paso Pipeline Partners LP Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.41 0.68 0.88 1.14 0.97

El Paso Pipeline Partners LP Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.01 0.97 0.96 0.91 1.00

Competitive Comparison of El Paso Pipeline Partners LP's Quick Ratio

For the Oil & Gas Midstream subindustry, El Paso Pipeline Partners LP'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.


El Paso Pipeline Partners LP's Quick Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, El Paso Pipeline Partners LP's Quick Ratio distribution charts can be found below:

* The bar in red indicates where El Paso Pipeline Partners LP's Quick Ratio falls into.



El Paso Pipeline Partners LP Quick Ratio Calculation

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.

El Paso Pipeline Partners LP's Quick Ratio for the fiscal year that ended in Dec. 2013 is calculated as

Quick Ratio (A: Dec. 2013 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(221.92-24.82)/202.21
=0.97

El Paso Pipeline Partners LP's Quick Ratio for the quarter that ended in Sep. 2014 is calculated as

Quick Ratio (Q: Sep. 2014 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(271.6-26.384)/245.216
=1.00

* 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.


El Paso Pipeline Partners LP  (FRA:3EP1) 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.


El Paso Pipeline Partners LP Quick Ratio Related Terms

Thank you for viewing the detailed overview of El Paso Pipeline Partners LP's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


El Paso Pipeline Partners LP (FRA:3EP1) Business Description

Traded in Other Exchanges
N/A
Address
El Paso Pipeline Partners LP is a Delaware Master Limited Partner formed in 2007. The Company owns and operates interstate natural gas transportation and terminaling facilities. The pipelines that the company owns are WIC, SLNG, Elba Express, SNG, CIG, SLC and CPG. WIC and CIG are interstate pipeline systems serving the Rocky Mountain region. CPG is an interstate pipeline that serves the Rocky Mountain and Midwest regions. SLNG owns the Elba Island LNG storage and regasification terminal near Savannah, Georgia. Elba Express and SNG are interstate pipeline systems serving the southeastern region of the U.S. SNG is comprised of pipelines extending from natural gas supply basins in Texas, Louisiana, Mississippi and Alabama to market areas in Louisiana, Mississippi, Alabama, Florida, Georgia, South Carolina and Tennessee, including the metropolitan areas of Atlanta and Birmingham. SNG owns pipeline facilities serving southeastern markets in Alabama, Georgia and South Carolina. CIG is comprised of pipelines that deliver natural gas from production areas in the Rocky Mountains and the Anadarko Basin directly to customers in Colorado, Wyoming and indirectly to the Midwest, Southwest, California and Pacific Northwest. CIG also owns interests in five storage facilities located in Colorado and Kansas and one natural gas processing plant located in Wyoming. WIC is comprised of a mainline system that extends from western Wyoming to northeast Colorado (the Cheyenne Hub) and several lateral pipeline systems that extend from various interconnections along the WIC mainline into western Colorado, northeast Wyoming and eastern Utah. WIC owns interstate natural gas transportation systems providing takeaway capacity from the mature Overthrust, Piceance, Uinta, Powder River and Green River Basins. CPG is a pipeline system that extends from Cheyenne Hub in Weld County, Colorado and extends southerly to a variety of delivery points in the vicinity of the Greensburg Hub in Kiowa County, Kansas. CPG provides pipeline takeaway capacity from the natural gas basins in the Central Rocky Mountain area to the major natural gas markets in the Mid-Continent region. Elba Express owns the Elba Express pipeline that is capable of transporting natural gas supplies in a northerly direction from the Elba Island LNG terminal to markets in the southeastern and eastern U.S. or transporting natural gas in a southerly direction from interconnections with Transcontinental pipeline to markets located on Elba Express or to interconnections between Elba Express and SNG, Carolina Gas Transmission and SLNG. SLNG owns the Elba Island LNG receiving terminal, located near Savannah, Georgia. The Elba Island LNG terminal is one of nine land-based terminal facilities in the U.S. capable of providing domestic storage and vaporization services to international producers of LNG. The Company faces competition from other existing and proposed pipelines and LNG facilities, as well as from a

El Paso Pipeline Partners LP (FRA:3EP1) Headlines

No Headlines