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. Gazprom PJSC's quick ratio for the quarter that ended in Jun. 2023 was 0.94.
Gazprom PJSC has a quick ratio of 0.94. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Gazprom PJSC's Quick Ratio or its related term are showing as below:
OGZPY'
s Quick Ratio Range Over the Past 10 Years
Min: 0.93 Med: 1.31 Max: 2.08
Current: 0.94
During the past 13 years, Gazprom PJSC's highest Quick Ratio was 2.08. The lowest was 0.93. And the median was 1.31.
OGZPY's Quick Ratio is ranked worse than 58.42% of 1075
companies
in the Oil & Gas industry
Industry Median: 1.11
vs OGZPY: 0.94
Gazprom PJSC Quick Ratio Historical Data
The historical data trend for Gazprom PJSC'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 Gazprom PJSC's Quick Ratio
For the Oil & Gas Integrated subindustry, Gazprom PJSC'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.
Gazprom PJSC's Quick Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Gazprom PJSC's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Gazprom PJSC's Quick Ratio falls into.
Gazprom PJSC 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.
Gazprom PJSC's Quick Ratio for the fiscal year that ended in Dec. 2022 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.
Gazprom PJSC (OTCPK:OGZPY) 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.
Gazprom PJSC Quick Ratio Related Terms
Thank you for viewing the detailed overview of Gazprom PJSC's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Gazprom PJSC is a Russian-based integrated oil and gas company in which the Russian government is a majority shareholder. Much of the business lies within the production, transportation, and distribution of natural gas. The company is a major gas supplier to European countries, with substantial gas pipelines throughout Western Russia and into Europe. While its oil segment is a smaller portion of revenue, the company is still integrated into the production, processing, and refinement of crude oil and refined products. Across both segments, the company produces its oil and gas from fields distributed across Russia, with end markets consisting mostly of Europe and Russia.
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