LOGL (Legend Oil & Gas) Quick Ratio: 0.54 (As of Dec. 2016)

What is Legend Oil & Gas Quick Ratio?

Legend Oil & Gas LOGL -90.00% Quick Ratio is 0.54 as of Dec. 2016.

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. Legend Oil & Gas's quick ratio for the quarter that ended in Dec. 2016 was 0.54.

Legend Oil & Gas has a quick ratio of 0.54. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Legend Oil & Gas's Quick Ratio or its related term are showing as below:

LOGL's Quick Ratio is not ranked ^*
in the Oil & Gas industry.
Industry Median: 1.12
* Ranked among companies with meaningful Quick Ratio only.

Legend Oil & Gas (OTCPK:LOGL) 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.

Legend Oil & Gas Quick Ratio Related Terms

Legend Oil & Gas Quick Ratio Historical Data

* Premium members only.

The historical data trend for Legend Oil & Gas'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.

Legend Oil & Gas Quick Ratio Chart

Legend Oil & Gas Annual Data

Trend

Dec04

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Quick Ratio

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0.08

0.02

0.79

0.43

0.54

Legend Oil & Gas Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Quick Ratio	Get a 7-Day Free Trial															0.43	0.53	0.61	1.20	0.54

LOGL vs ARSLF, PTRDF, DBRM: Quick Ratio Comparison

For the Oil & Gas Midstream subindustry, Legend Oil & Gas'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.

Legend Oil & Gas Quick Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Legend Oil & Gas's Quick Ratio falls into.

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Legend Oil & Gas 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.

Legend Oil & Gas's Quick Ratio for the fiscal year that ended in Dec. 2016 is calculated as

Quick Ratio (A: Dec. 2016 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.882	-	0)	/	1.632
	=	0.54

Legend Oil & Gas's Quick Ratio for the quarter that ended in Dec. 2016 is calculated as

Quick Ratio (Q: Dec. 2016 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.882	-	0)	/	1.632
	=	0.54

Frequently Asked Questions Learn more about Quick Ratio →

What does a Quick Ratio of 0.54 mean?

Legend Oil & Gas (LOGL) has a Quick Ratio of 0.54 as of Dec. 2016. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Legend Oil & Gas and its competitors.

Is Legend Oil & Gas' Quick Ratio too high?

Legend Oil & Gas' current Quick Ratio is 0.54. The Oil & Gas industry median Quick Ratio is 1.12. Legend Oil & Gas' value of 0.54 is 51.8% below this industry median.

How does Legend Oil & Gas' Quick Ratio compare to ARSLF and PTRDF?

Legend Oil & Gas' Quick Ratio of 0.54 can be compared against companies in the Oil & Gas industry. The industry median Quick Ratio is 1.12. Legend Oil & Gas' value of 0.54 is 51.8% below this benchmark. 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 Oil & Gas company?

The median Quick Ratio among Oil & Gas companies is 1.12, based on 1,011 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. Legend Oil & Gas's current Quick Ratio of 0.54 is 51.8% 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 Legend Oil & Gas and its competitors. For the Oil & Gas industry, the median Quick Ratio is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Legend Oil & Gas's current Quick Ratio is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Legend Oil & Gas stock overvalued right now?

Legend Oil & Gas (LOGL) has a current Quick Ratio of 0.54. The current Quick Ratio is 0.54 and 51.8% below the Oil & Gas industry median of 1.12. 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 Legend Oil & Gas (LOGL), the current Quick Ratio is 0.54 as of Dec. 2016. 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.

Legend Oil & Gas Business Description

Industry Energy Oil & Gas

Comparable Companies ARSLF PTRDF DBRM ALTX EXNT UERLF DRKOF HEXPF EMPR GPIPF CNENF GDPMQ IFNY BYIN EMBYF QPTRF ANFC GVLMF AKVA UNIGF

Address 555 North Point Center East, Suite 400, Alpharetta, GA, USA, 30022

Website http://www.maxxonenergy.com

Legend Oil & Gas Ltd is a crude oil hauling and trucking company. The company's principal operations are in the Bakken region of North Dakota and the Permian Basin in Texas and New Mexico. Its focus is to grow its core business and expand its crude oil hauling operations into other basins throughout the United States. The company's only segment is oil and gas.