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Vanguard Natural Resources LLC (Vanguard Natural Resources LLC) Current Ratio : 0.92 (As of Jun. 2019)


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What is Vanguard Natural Resources LLC Current Ratio?

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. Vanguard Natural Resources LLC's current ratio for the quarter that ended in Jun. 2019 was 0.92.

Vanguard Natural Resources LLC has a current ratio of 0.92. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Vanguard Natural Resources LLC has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Vanguard Natural Resources LLC's Current Ratio or its related term are showing as below:

VNGBQ.PFD' s Current Ratio Range Over the Past 10 Years
Min: 0.08   Med: 1.19   Max: 20.51
Current: 0.92

During the past 13 years, Vanguard Natural Resources LLC's highest Current Ratio was 20.51. The lowest was 0.08. And the median was 1.19.

VNGBQ.PFD's Current Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.34 vs VNGBQ.PFD: 0.92

Vanguard Natural Resources LLC Current Ratio Historical Data

The historical data trend for Vanguard Natural Resources LLC'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.

* Premium members only.

Vanguard Natural Resources LLC Current Ratio Chart

Vanguard Natural Resources LLC Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.60 1.77 0.08 0.60 0.12

Vanguard Natural Resources LLC Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.64 0.51 0.12 20.51 0.92

Competitive Comparison of Vanguard Natural Resources LLC's Current Ratio

For the Oil & Gas E&P subindustry, Vanguard Natural Resources LLC'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.


Vanguard Natural Resources LLC's Current Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Vanguard Natural Resources LLC's Current Ratio distribution charts can be found below:

* The bar in red indicates where Vanguard Natural Resources LLC's Current Ratio falls into.



Vanguard Natural Resources LLC Current Ratio Calculation

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.

Vanguard Natural Resources LLC's Current Ratio for the fiscal year that ended in Dec. 2018 is calculated as

Current Ratio (A: Dec. 2018 )=Total Current Assets (A: Dec. 2018 )/Total Current Liabilities (A: Dec. 2018 )
=124.487/1021.175
=0.12

Vanguard Natural Resources LLC's Current Ratio for the quarter that ended in Jun. 2019 is calculated as

Current Ratio (Q: Jun. 2019 )=Total Current Assets (Q: Jun. 2019 )/Total Current Liabilities (Q: Jun. 2019 )
=106.809/116.552
=0.92

* 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.


Vanguard Natural Resources LLC  (OTCPK:VNGBQ.PFD) 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.


Vanguard Natural Resources LLC Current Ratio Related Terms

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Vanguard Natural Resources LLC (Vanguard Natural Resources LLC) Business Description

Traded in Other Exchanges
N/A
Address
5847 San Felipe, Suite 3000, Houston, TX, USA, 77057
Grizzly Energy LLC is an onshore energy company. The company is focused on the acquisition and development of oil and natural gas properties in the United States. Its properties comprise of Anadarko, Arkoma, Big Horn, Green River, Gulf Coast and Permian.
Executives
Andrew Eliot Schultz director W6316 DESIGN DRIVE, GREENVILLE WI 54942
Bartels Patrick J Jr director C/O WCI COMMUNITIES, INC., 24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134
Louis Spencer Wells director 2935 PACIFIC AVENUE, SAN FRANCISCO CA 94115
Jr Joseph Hurliman director 5847 SAN FELIPE SUITE 3000, HOUSTON TX 77057
Maria Patricia Avila-eady officer: Chief Accounting Officer 5847 SAN FELIPE SUITE 3000, HOUSTON TX 77057
Jonathan Charles Curth officer: GC, Corp Secretary & VP-Land 5847 SAN FELIPE SUITE 3000, HOUSTON TX 77057
W Greg Dunlevy director C.O KOSMOS ENERGY, LLC, 8176 PARK LANE, STE. 500, DALLAS TX 75231
Randall M Albert director 5 PENN CENTER WEST, SUITE 401, PITTSBURGH PA 15276
Joseph Michael Citarrella director 5847 SAN FELIPE SUITE 3000, HOUSTON TX 77057
Mark Steven Carnes officer: VP,Acquisitions & Divestitures 5847 SAN FELIPE SUITE 3000, HOUSTON TX 77057
Lisa A Godfrey officer: VP, HR & Investor Relations 5847 SAN FELIPE SUITE 3000, HOUSTON TX 77057
Michael V Alexander director 5847 SAN FELIPE SUITE 3000, HOUSTON TX 77057
Graham Aled Morris director 5847 SAN FELIPE SUITE 3000, HOUSTON TX 77057
Mdra Gp Lp other: See Remarks C/O MONARCH ALTERNATIVE CAPITAL LP, 535 MADISON AVENUE, NEW YORK NY 10022
Monarch Alternative Capital Lp other: See Remarks 535 MADISON AVENUE, NEW YORK NY 10022