Southcross Energy Partners LP has a quick ratio of 0.11. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Southcross Energy Partners LP's Quick Ratio or its related term are showing as below:
FRA:SCR'
s Quick Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.87 Max: 1.47
Current: 0.11
During the past 9 years, Southcross Energy Partners LP's highest Quick Ratio was 1.47. The lowest was 0.11. And the median was 0.87.
FRA:SCR's Quick Ratio is not ranked
in the Utilities - Regulated industry.
Industry Median: 1.005
vs FRA:SCR: 0.11
Southcross Energy Partners LP (FRA:SCR) 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.
Southcross Energy Partners LP Quick Ratio Related Terms
Southcross Energy Partners LP Quick Ratio Historical Data
* 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.
For the Utilities - Regulated Gas subindustry, Southcross 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.
Southcross Energy Partners LP Quick Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Southcross Energy Partners LP's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Southcross Energy Partners LP's Quick Ratio falls into.
Southcross Energy Partners LP 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.
* 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.
Southcross Energy Partners LP (FRA:SCR) has a Quick Ratio of 0.11 as of Mar. 2019. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Southcross Energy Partners LP and its competitors. This is 87% below median its historical median of 0.87. Over the past decade, Southcross Energy Partners LP's Quick Ratio has ranged from 0.11 to 1.47.
Is Southcross Energy Partners LP's Quick Ratio too high?
Southcross Energy Partners LP's current Quick Ratio of 0.11 is 87% below median its 10-year median of 0.87. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 1.47. The Utilities - Regulated industry median Quick Ratio is 1.01. Southcross Energy Partners LP's value of 0.11 is 89.1% below this industry median.
How does Southcross Energy Partners LP's Quick Ratio compare to CNIG?
Southcross Energy Partners LP's Quick Ratio of 0.11 can be compared against companies in the Utilities - Regulated industry. The industry median Quick Ratio is 1.01. Southcross Energy Partners LP's value of 0.11 is 89.1% below this benchmark. Historically, Southcross Energy Partners LP's own Quick Ratio has ranged from 0.11 to 1.47 over the past decade. While the company's 10-year median is 0.87 vs. the industry median of 1.01, Southcross Energy Partners LP has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for an Utilities - Regulated company?
The median Quick Ratio among Utilities - Regulated companies is 1.01, based on 510 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Southcross Energy Partners LP's current Quick Ratio of 0.11 is 89.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Southcross Energy Partners LP and its competitors. For the Utilities - Regulated industry, the median Quick Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southcross Energy Partners LP's current Quick Ratio is 0.11, which is 87% below median its own 10-year median of 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southcross Energy Partners LP stock overvalued right now?
Southcross Energy Partners LP (FRA:SCR) has a current Quick Ratio of 0.11. The current Quick Ratio is 0.11, which is 87% below median its 10-year median of 0.87 and 89.1% below the Utilities - Regulated industry median of 1.01. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Southcross Energy Partners LP (FRA:SCR), the current Quick Ratio is 0.11 as of Mar. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Southcross Energy Partners LP Business Description
Southcross Energy Partners LP provides natural gas gathering, processing, treating, compression and transportation services and NGL fractionation and transportation services. It also source, purchase transport and sell natural gas and NGLs. The company derives the majority of its revenues from sales of natural gas. Its assets are located in South Texas, Mississippi, and Alabama.
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