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Circle Energy (Circle Energy) Quick Ratio : 34.50 (As of Dec. 2023)


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What is Circle Energy Quick Ratio?

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. Circle Energy's quick ratio for the quarter that ended in Dec. 2023 was 34.50.

Circle Energy has a quick ratio of 34.50. It generally indicates good short-term financial strength.

The historical rank and industry rank for Circle Energy's Quick Ratio or its related term are showing as below:

CRCE' s Quick Ratio Range Over the Past 10 Years
Min: 34.5   Med: 48   Max: 87.5
Current: 34.5

During the past 3 years, Circle Energy's highest Quick Ratio was 87.50. The lowest was 34.50. And the median was 48.00.

CRCE's Quick Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.1 vs CRCE: 34.50

Circle Energy Quick Ratio Historical Data

The historical data trend for Circle 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.

* Premium members only.

Circle Energy Quick Ratio Chart

Circle Energy Annual Data
Trend Dec21 Dec22 Dec23
Quick Ratio
48.00 87.50 34.50

Circle Energy Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Quick Ratio Get a 7-Day Free Trial 87.50 22.47 43.86 26.82 34.50

Competitive Comparison of Circle Energy's Quick Ratio

For the Oil & Gas E&P subindustry, Circle 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.


Circle Energy's Quick Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Circle Energy's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Circle Energy's Quick Ratio falls into.



Circle 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.

Circle Energy's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.276-0)/0.008
=34.50

Circle Energy's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.276-0)/0.008
=34.50

* 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.


Circle Energy  (OTCPK:CRCE) 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.


Circle Energy Quick Ratio Related Terms

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Circle Energy (Circle Energy) Business Description

Traded in Other Exchanges
N/A
Address
8211 E Regal Place, Tulsa, OK, USA, 74133
Website
Circle Energy Inc is engaged primarily in the acquisition, exploration and development of oil and natural gas properties. The Company owns interests in oil and natural gas properties located in Texas.

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