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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. USA Compression Partners LP's current ratio for the quarter that ended in Dec. 2023 was 1.21.
USA Compression Partners LP has a current ratio of 1.21. It generally indicates good short-term financial strength.
The historical rank and industry rank for USA Compression Partners LP's Current Ratio or its related term are showing as below:
During the past 13 years, USA Compression Partners LP's highest Current Ratio was 1.58. The lowest was 0.46. And the median was 1.19.
The historical data trend for USA Compression Partners LP'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.
USA Compression Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 1.22 | 1.17 | 1.09 | 1.07 | 1.21 |
USA Compression Partners LP Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Current Ratio | Get a 7-Day Free Trial | 1.07 | 1.19 | 1.13 | 1.26 | 1.21 |
For the Oil & Gas Equipment & Services subindustry, USA Compression Partners LP'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.
For the Oil & Gas industry and Energy sector, USA Compression Partners LP's Current Ratio distribution charts can be found below:
* The bar in red indicates where USA Compression Partners LP's Current Ratio falls into.
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.
USA Compression Partners LP's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Current Ratio (A: Dec. 2023 ) | = | Total Current Assets (A: Dec. 2023 ) | / | Total Current Liabilities (A: Dec. 2023 ) |
= | 226.447 | / | 187.502 | |
= | 1.21 |
USA Compression Partners LP's Current Ratio for the quarter that ended in Dec. 2023 is calculated as
Current Ratio (Q: Dec. 2023 ) | = | Total Current Assets (Q: Dec. 2023 ) | / | Total Current Liabilities (Q: Dec. 2023 ) |
= | 226.447 | / | 187.502 | |
= | 1.21 |
* 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.
USA Compression Partners LP (NYSE:USAC) 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.
Thank you for viewing the detailed overview of USA Compression Partners LP's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Eig Veteran Equity Aggregator, L.p. | director | 1700 PENNSYLVANIA AVENUE, NW, SUITE 800, WASHINGTON DC 20006 |
Christopher W Porter | officer: SEE REMARKS | 111 CONGRESS AVE., SUITE 2400, AUSTIN TX 78701 |
Eric D Long | director, officer: See Remarks | 111 CONGRESS AVE., SUITE 2400, AUSTIN TX 78701 |
Michael C Pearl | officer: See Remarks | 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380-7046 |
Sean T Kimble | officer: SEE REMARKS | 111 CONGRESS AVE., SUITE 2400, AUSTIN TX 78701 |
Bradford D. Whitehurst | director, See Remarks | 100 CONGRESS AVENUE, SUITE 450, AUSTIN TX 78701 |
W Brett Smith | director | 508 W WALL AVE., SUITE 500, MIDLAND TX 79701 |
Eric A Scheller | officer: See Remarks | 111 CONGRESS AVE, SUITE 2400, AUSTIN TX 78701 |
Energy Transfer Lp | 10 percent owner | 8111 WESTCHESTER DRIVE, SUITE 600, DALLAS TX 75225 |
Le Gp Llc | 10 percent owner | |
Energy Transfer Operating, L.p. | 10 percent owner | 8111 WESTCHESTER DRIVE, SUITE 600, DALLAS TX 75225 |
Energy Transfer Partners Gp, L.p. | 10 percent owner | 3738 OAK LAWN AVE., DALLAS TX 75219 |
Energy Transfer Partners, L.l.c. | 10 percent owner | 3738 OAK LAWN AVE., DALLAS TX 75219 |
Kelcy L Warren | 10 percent owner | |
William G Manias | director | GULFTERRA ENERGY PARTNERS, 4 GREENWAY PLAZA, HOUSTON TX 77046 |
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