Seventy Seven Energy has a quick ratio of 2.12. It generally indicates good short-term financial strength.
The historical rank and industry rank for Seventy Seven Energy's Quick Ratio or its related term are showing as below:
SVNT's Quick Ratio is not ranked *
in the Oil & Gas industry.
Industry Median: 1.11 * Ranked among companies with meaningful Quick Ratio only.
Seventy Seven Energy Quick Ratio Historical Data
The historical data trend for Seventy Seven 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.
Competitive Comparison of Seventy Seven Energy's Quick Ratio
For the Oil & Gas Equipment & Services subindustry, Seventy Seven 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.
Seventy Seven Energy's Quick Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Seventy Seven Energy's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Seventy Seven Energy's Quick Ratio falls into.
Seventy Seven 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.
Seventy Seven Energy's Quick Ratio for the fiscal year that ended in Dec. 2015 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.
Seventy Seven Energy (OTCPK:SVNT) 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.
Seventy Seven Energy Quick Ratio Related Terms
Thank you for viewing the detailed overview of Seventy Seven Energy's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Seventy Seven Energy (Seventy Seven Energy) Business Description
Seventy Seven Energy Inc was incorporated in the State of Oklahoma. It is a diversified oilfield services and equipment company. Its services include drilling, hydraulic fracturing, oilfield rentals, rig relocation and fluid handling and disposal. It operates its business through three operating segments including Drilling, Hydraulic Fracturing and Oilfield Rentals. It drilling segment is operated through wholly-owned subsidiary, Nomac Drilling, L.L.C., and provides land drilling services for oil & natural gas E&P activities. Hydraulic fracturing segment is operated through wholly-owned subsidiary, Performance Technologies, L.L.C., and provides high-pressure hydraulic fracturing services and other well stimulation services. Oilfield rentals segment is operated through wholly-owned subsidiary, Great Plains Oilfield Rental, L.L.C., and provides premium rental tools and specialized services for land-based oil and natural gas drilling, completion and workover activities. It offers line of rental tools, including a full line of tubular products specifically designed for horizontal drilling and completion, with high-torque, premium-connection drill pipe, drill collars and tubing. It provides drilling and other services and supply materials and equipment to CHK. Its competitors include Helmerich & Payne, Inc, Patterson-UTI Energy, Inc, Trinidad Drilling Ltd, Superior Energy Services, Inc., RPC, Inc., Keane Group, FTS International, Inc, Key Energy Services, Inc., RPC, Inc., Oil States International, Inc., and Weatherford International PLC. It operates under the jurisdiction of a number of federal, state and local regulatory bodies that regulate worker safety, the handling of hazardous materials, the transportation of explosives, the protection of the environment and safe driving procedures.
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