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SD (SandRidge Energy) Quick Ratio : 5.14 (As of Jun. 2024)


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What is SandRidge Energy 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. SandRidge Energy's quick ratio for the quarter that ended in Jun. 2024 was 5.14.

SandRidge Energy has a quick ratio of 5.14. It generally indicates good short-term financial strength.

The historical rank and industry rank for SandRidge Energy's Quick Ratio or its related term are showing as below:

SD' s Quick Ratio Range Over the Past 10 Years
Min: 0.2   Med: 1.39   Max: 10.21
Current: 5.14

During the past 13 years, SandRidge Energy's highest Quick Ratio was 10.21. The lowest was 0.20. And the median was 1.39.

SD's Quick Ratio is ranked better than
89.8% of 1049 companies
in the Oil & Gas industry
Industry Median: 1.11 vs SD: 5.14

SandRidge Energy Quick Ratio Historical Data

The historical data trend for SandRidge Energy'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.

SandRidge Energy Quick Ratio Chart

SandRidge Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.74 2.53 4.82 5.63

SandRidge Energy Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 4.56 4.72 5.63 4.70 5.14

Competitive Comparison of SandRidge Energy's Quick Ratio

For the Oil & Gas E&P subindustry, SandRidge Energy'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.


SandRidge Energy's Quick Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, SandRidge Energy's Quick Ratio distribution charts can be found below:

* The bar in red indicates where SandRidge Energy's Quick Ratio falls into.



SandRidge Energy 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.

SandRidge Energy's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(277.854-0)/49.324
=5.63

SandRidge Energy's Quick Ratio for the quarter that ended in Jun. 2024 is calculated as

Quick Ratio (Q: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(237.162-0)/46.157
=5.14

* 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.


SandRidge Energy  (NYSE:SD) 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.


SandRidge Energy Quick Ratio Related Terms

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SandRidge Energy Business Description

Traded in Other Exchanges
Address
1 East Sheridan Avenue, Suite 500, Oklahoma City, OK, USA, 73104
SandRidge Energy Inc is a United States-based oil and natural gas company. It is engaged in the exploration, development, and production of crude oil, natural gas, and Natural gas liquids. Business activities of the group include Exploration and Production, Drilling and Oil Field Services, and Midstream Gas Services.
Executives
Brown Brandon Louis Sr. officer: SVP, Chief Financial Officer C/O SANDRIDGE ENERGY, INC., 1 EAST SHERIDAN, SUITE 500, OKLAHOMA CITY OK 73104
Grayson R Pranin officer: SVP, Chief Operating Officer 1 EAST SHERIDAN AVENUE, SUITE 500, OKLAHOMA CITY OK 73104
Nancy Martori Dunlap director C/O CVR REFINING, LP, 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Jaffrey Adam Firestone director C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Salah Gamoudi officer: CFO/CAO C/O SANDRIDGE ENERGY, INC., 123 ROBERT S. KERR AVENUE, OKLAHOMA CITY OK 73102
Patricia A. Agnello director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Carl Fredrick Giesler officer: President and CEO 10000 ENERGY DRIVE, P. O. BOX 12359, SPRING TX 77391-2359
Randolph C Read director C/O NEW YORK REIT, INC., 405 PARK AVENUE, NEW YORK NY 10022
Paul D. Mckinney officer: President & CEO 1177 WEST LOOP SOUTH, SUITE 1825, HOUSTON TX 77027
Jonathan Christodoro director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
John J Lipinski director C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Bob G Alexander director 6017 MORNING DOVE LANE, EDMOND OK 73025
Jonathan Frates director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Kenneth H Beer director 625 E. KALISTE SALOOM RD., LAFAYETTE LA 70508
Sylvia K. Barnes director 4853 POST OAK TIMBER DRIVE, HOUSTON TX 77056