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. FX Energy's quick ratio for the quarter that ended in Sep. 2015 was 3.62.
FX Energy has a quick ratio of 3.62. It generally indicates good short-term financial strength.
The historical rank and industry rank for FX Energy's Quick Ratio or its related term are showing as below:
FXENP.PFD'
s Quick Ratio Range Over the Past 10 Years
Min: 0.1 Med: 3.29 Max: 33.95
Current: 3.62
During the past 13 years, FX Energy's highest Quick Ratio was 33.95. The lowest was 0.10. And the median was 3.29.
FXENP.PFD's Quick Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.1
vs FXENP.PFD: 3.62
FX Energy Quick Ratio Historical Data
The historical data trend for FX 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.
For the Oil & Gas E&P subindustry, FX 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.
FX Energy's Quick Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, FX Energy's Quick Ratio distribution charts can be found below:
* The bar in red indicates where FX Energy's Quick Ratio falls into.
FX 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.
FX Energy'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.
FX Energy (NAS:FXENP.PFD) 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.
FX Energy Quick Ratio Related Terms
Thank you for viewing the detailed overview of FX Energy's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
FX Energy Inc was founded in 1989. The Company is an independent oil and gas exploration and production company with principal production, reserves, and exploration in Poland and oil production, oilfield service, and exploration activities in the United States. Company concentrates its exploration efforts in Poland on the Rotliegend sandstones of the Permian Basin. As of December 31, 2013, Company held oil and gas exploration rights in Poland in a number of separately designated project areas encompassing approximately 2.7 million gross acres. In Poland, it has projects involving the exploration and exploitation of oil and gas prospects in partnership with Polskie Górnictwo Naftowe i Gazownictwo or PGNiG, the Polish national oil and gas company, other industry partners, and for its own account. In the United States, it explores for and produces oil from fields in Montana and Nevada, and it have an oilfield services company in northern Montana that performs contract drilling and well-servicing operations. Company operates within two segments of the oil and gas industry: the exploration and production, or E&P, segment in Poland and the United States, and the oilfield services segment in the United States. The Company faces competition from larger oil and gas companies. The Companys oil and gas exploration, development, and production activities in Poland are subject to Polands laws and regulations and its United States operations are subject to governmental risks that may impact its operations.
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