Quicksilver Resources has a quick ratio of 1.03. It generally indicates good short-term financial strength.
The historical rank and industry rank for Quicksilver Resources's Quick Ratio or its related term are showing as below:
FRA:QSR'
s Quick Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.77 Max: 3.65
Current: 1.03
During the past 13 years, Quicksilver Resources's highest Quick Ratio was 3.65. The lowest was 0.19. And the median was 0.77.
FRA:QSR's Quick Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.1
vs FRA:QSR: 1.03
Quicksilver Resources Quick Ratio Historical Data
The historical data trend for Quicksilver Resources'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.
Competitive Comparison of Quicksilver Resources's Quick Ratio
For the Oil & Gas E&P subindustry, Quicksilver Resources'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.
Quicksilver Resources's Quick Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Quicksilver Resources's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Quicksilver Resources's Quick Ratio falls into.
Quicksilver Resources 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.
Quicksilver Resources's Quick 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) 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.
Quicksilver Resources Quick Ratio Related Terms
Thank you for viewing the detailed overview of Quicksilver Resources's Quick 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FRA:QSR has been successfully added to your 