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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. BreitBurn Energy Partners LP's quick ratio for the quarter that ended in Sep. 2017 was 0.10.
BreitBurn Energy Partners LP has a quick ratio of 0.10. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for BreitBurn Energy Partners LP's Quick Ratio or its related term are showing as below:
The historical data trend for BreitBurn Energy Partners LP'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.
BreitBurn Energy Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||||
Quick Ratio | Get a 7-Day Free Trial | 0.96 | 0.62 | 1.65 | 1.85 | 0.47 |
BreitBurn Energy Partners LP Quarterly Data | ||||||||||||||||||||
Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | |
Quick Ratio | Get a 7-Day Free Trial | 0.48 | 0.47 | 0.44 | 0.42 | 0.10 |
For the Oil & Gas E&P subindustry, BreitBurn Energy Partners LP'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.
For the Oil & Gas industry and Energy sector, BreitBurn Energy Partners LP's Quick Ratio distribution charts can be found below:
* The bar in red indicates where BreitBurn Energy Partners LP's Quick Ratio falls into.
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.
BreitBurn Energy Partners LP's Quick Ratio for the fiscal year that ended in Dec. 2016 is calculated as
Quick Ratio (A: Dec. 2016 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (630.756 | - | 0.998) | / | 1354.2 | |
= | 0.47 |
BreitBurn Energy Partners LP's Quick Ratio for the quarter that ended in Sep. 2017 is calculated as
Quick Ratio (Q: Sep. 2017 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (94.542 | - | 3.279) | / | 892.797 | |
= | 0.10 |
* 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.
BreitBurn Energy Partners LP (OTCPK:BBEPQ) 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.
Thank you for viewing the detailed overview of BreitBurn Energy Partners LP's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas E Thurmond | officer: Senior Vice President | 515 S. FLOWER STREET SUITE 4800, LOS ANGELES CA 90071 |
Randall Hart Breitenbach | director | BREITBURN ENERGY PARTNERS L.P., 515 SOUTH FLOWER STREET, SUITE 4800, LOS ANGELES CA 90071 |
Donald D Wolf | director | 1670 BROADWAY SUITE 2800, DENVER CO 80202 |
Gregory J Moroney | director | 515 SOUTH FLOWER STREET, SUITE 4800, SUITE 4800, LOS ANGELES CA 90071 |
Butler John R Jr | director | ANADARKO PETROLEUM CORPORATION, 1201 LAKE ROBBINS DR., THE WOODLANDS CA 77380 |
Charles S Weiss | director | 515 SOUTH FLOWER STREET, SUITE 4800, SUITE 4800, LOS ANGELES CA 90071 |
James G Jackson | officer: Executive VP and CFO | 515 SOUTH FLOWER STREET, SUITE 4800, LOS ANGELES CA 90071 |
Halbert S Washburn | director, officer: Chief Executive Officer | 515 SOUTH FLOWER STREET 48TH FLOOR, SUITE 4800, LOS ANGELES CA 90071 |
Gregory C Brown | officer: EVP, Gen. Counsel, CAO | C/O BREITBURN ENERGY PARTNERS L.P., 515 SOUTH FLOWER STREET, SUITE 4800, LOS ANGELES CA 90071 |
Mark L Pease | officer: President and COO | C/O ANADARKO PETROLEUM CORP, 1201 LAKE ROBBINS DR, THE WOODLANDS CA 77380 |
David B Kilpatrick | director | 35 HARBOR RIDGE DR., SUITE 4800, NEWORT BEACH CA 92660 |
Willis Jackson Washburn | officer: Senior Vice President | C/O BREITBURN ENERGY PARTNERS L.P., 515 SOUTH FLOWER STREET, SUITE 4800, LOS ANGELES CA 90071 |
Bruce D Mcfarland | officer: VP and Treasurer | BREITBURN ENERGY PARTNERS L.P., 515 SOUTH FLOWER STREET, SUITE 4800, LOS ANGELES CA 90071 |
Lawrence C Smith | officer: VP, Controller & Chf Actg Ofcr | 515 SOUTH FLOWER STREET, SUITE 4800, SUITE 4800, LOS ANGELES CA 90071 |
Kurt Talbot | director | C/O EIG MANAGEMENT COMPANY, LLC, 1700 PENNSYLVANIA AVE NW, SUITE 800, WASHINGTON NY 20006 |
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