GSPBQ.PFD (Gastar Exploration) Quick Ratio : 0.59 (As of Sep. 2018)

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What is Gastar Exploration 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. Gastar Exploration's quick ratio for the quarter that ended in Sep. 2018 was 0.59.

Gastar Exploration has a quick ratio of 0.59. It indicates that the company cannot currently fully pay back its current liabilities.

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

GSPBQ.PFD' s Quick Ratio Range Over the Past 10 Years
Min: 0.26 Med: 0.95 Max: 3.54
Current: 0.59

During the past 8 years, Gastar Exploration's highest Quick Ratio was 3.54. The lowest was 0.26. And the median was 0.95.

GSPBQ.PFD's Quick Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.11 vs GSPBQ.PFD: 0.59

Gastar Exploration Quick Ratio Historical Data

The historical data trend for Gastar Exploration'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.

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Gastar Exploration Quick Ratio Chart

Gastar Exploration Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Quick Ratio

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1.02

1.16

3.54

0.88

Gastar Exploration Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Quick Ratio	Get a 7-Day Free Trial															1.41	0.88	1.91	1.08	0.59

Competitive Comparison of Gastar Exploration's Quick Ratio

For the Oil & Gas E&P subindustry, Gastar Exploration'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.

Gastar Exploration's Quick Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Gastar Exploration's Quick Ratio falls into.

Gastar Exploration 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.

Gastar Exploration's Quick Ratio for the fiscal year that ended in Dec. 2017 is calculated as

Quick Ratio (A: Dec. 2017 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(54.171	-	0)	/	61.586
	=	0.88

Gastar Exploration's Quick Ratio for the quarter that ended in Sep. 2018 is calculated as

Quick Ratio (Q: Sep. 2018 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(40.778	-	0)	/	69.161
	=	0.59

Gastar Exploration (OTCPK:GSPBQ.PFD) 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.

Gastar Exploration Quick Ratio Related Terms

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Gastar Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gastar Exploration Inc (OTCPK:GSPBQ.PFD) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

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Address

1331 Lamar Street, Suite 650, Houston, TX, USA, 77010

Website

http://www.gastar.com

Gastar Exploration Inc is a Mid-Continent independent energy company which is engaged in the exploration, development, and production of oil, condensate, natural gas, and NGLs (natural gas liquids). The principal business activities of the company include the identification, acquisition, and subsequent exploration and development of oil and natural gas properties with an emphasis on unconventional reserves, such as shale resource plays. The company's exploration properties consist primarily of oil and natural gas leases in the Mid-Continent area of the U.S. in Oklahoma. Gastar operates through a single segment being Exploration and production of oil, condensate, and natural gas.