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KWTEF (Kiwetinohk Energy) Quick Ratio : 0.82 (As of Sep. 2024)


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What is Kiwetinohk 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. Kiwetinohk Energy's quick ratio for the quarter that ended in Sep. 2024 was 0.82.

Kiwetinohk Energy has a quick ratio of 0.82. It indicates that the company cannot currently fully pay back its current liabilities.

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

KWTEF' s Quick Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.82   Max: 17.53
Current: 0.82

During the past 4 years, Kiwetinohk Energy's highest Quick Ratio was 17.53. The lowest was 0.44. And the median was 0.82.

KWTEF's Quick Ratio is ranked worse than
67.56% of 1048 companies
in the Oil & Gas industry
Industry Median: 1.11 vs KWTEF: 0.82

Kiwetinohk Energy Quick Ratio Historical Data

The historical data trend for Kiwetinohk 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.

Kiwetinohk Energy Quick Ratio Chart

Kiwetinohk Energy Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Quick Ratio
17.53 0.52 0.87 1.26

Kiwetinohk Energy Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Quick 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 0.75 1.26 1.00 0.67 0.82

Competitive Comparison of Kiwetinohk Energy's Quick Ratio

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


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

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

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



Kiwetinohk 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.

Kiwetinohk 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
=(65.557-0)/51.936
=1.26

Kiwetinohk Energy's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(51.12-0)/62.451
=0.82

* 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.


Kiwetinohk Energy  (OTCPK:KWTEF) 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.


Kiwetinohk Energy Quick Ratio Related Terms

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Kiwetinohk Energy Business Description

Traded in Other Exchanges
Address
250 - 2nd Street SW, Suite 1700, Calgary, AB, CAN, T2P 0C1
Kiwetinohk Energy Corp develops and produces natural gas and related products and is in the process of developing renewable, natural gas-fired power, carbon capture, and hydrogen clean energy projects. The Company's business activities include an upstream segment involved in the exploration and development of petroleum and natural gas in western Canada and a power segment involved in evaluating and developing low carbon solutions for the energy industry and securing access to downstream markets including power and hydrogen.

Kiwetinohk Energy Headlines