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. PJSC Lukoil's quick ratio for the quarter that ended in Sep. 2023 was 0.94.
PJSC Lukoil has a quick ratio of 0.94. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for PJSC Lukoil's Quick Ratio or its related term are showing as below:
LSE:31KX'
s Quick Ratio Range Over the Past 10 Years
Min: 0.55 Med: 1.09 Max: 1.43
Current: 0.94
During the past 13 years, PJSC Lukoil's highest Quick Ratio was 1.43. The lowest was 0.55. And the median was 1.09.
LSE:31KX's Quick Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.115
vs LSE:31KX: 0.94
PJSC Lukoil (LSE:31KX) 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.
PJSC Lukoil Quick Ratio Related Terms
PJSC Lukoil Quick Ratio Historical Data
* Premium members only.
The historical data trend for PJSC Lukoil'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.
For the Oil & Gas Integrated subindustry, PJSC Lukoil'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.
PJSC Lukoil Quick Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PJSC Lukoil's Quick Ratio distribution charts can be found below:
* The bar in red indicates where PJSC Lukoil's Quick Ratio falls into.
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.
PJSC Lukoil's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
PJSC Lukoil (LSE:31KX) has a Quick Ratio of 0.94 as of Sep. 2023. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on PJSC Lukoil and its competitors. This is 14% below median its historical median of 1.09. Over the past decade, PJSC Lukoil's Quick Ratio has ranged from 0.55 to 1.43.
Is PJSC Lukoil's Quick Ratio too high?
PJSC Lukoil's current Quick Ratio of 0.94 is 14% below median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 1.43. The Oil & Gas industry median Quick Ratio is 1.12. PJSC Lukoil's value of 0.94 is 15.7% below this industry median. Overall, PJSC Lukoil has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does PJSC Lukoil's Quick Ratio compare to XOM and CVX?
PJSC Lukoil's Quick Ratio of 0.94 can be compared against companies in the Oil & Gas industry. The industry median Quick Ratio is 1.12. PJSC Lukoil's value of 0.94 is 15.7% below this benchmark. Historically, PJSC Lukoil's own Quick Ratio has ranged from 0.55 to 1.43 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 1.12, PJSC Lukoil 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 Oil & Gas company?
The median Quick Ratio among Oil & Gas companies is 1.12, based on 1,014 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. PJSC Lukoil's current Quick Ratio of 0.94 is 15.7% 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 PJSC Lukoil 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. PJSC Lukoil's current Quick Ratio is 0.94, which is 14% below median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJSC Lukoil stock overvalued right now?
PJSC Lukoil (LSE:31KX) has a current Quick Ratio of 0.94. The current Quick Ratio is 0.94, which is 14% below median its 10-year median of 1.09 and 15.7% below the Oil & Gas industry median of 1.12. PJSC Lukoil's overall GF Score™ is 17/100 with 6 warning signs to review. 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 PJSC Lukoil (LSE:31KX), the current Quick Ratio is 0.94 as of Sep. 2023. 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.
PJSC Lukoil directs the financial decisions and operations of the main group's subsidiaries. Altogether, Lukoil is an integrated oil company that has exposure to the entire range of activities in the oil and gas cycle from exploration to sales of refined products. Exploration and production activities are conducted with assets located in Russia, Iraq, and Uzbekistan, on offshore and onshore fields. Lukoil brings an array of petroleum products to the market through its refinery unit, including gasoline, medium distillates, dark petroleum products, lubricants, and other related products. Russia constitutes a significant portion of the group's distribution network; however, its products penetrate a number of different markets in Europe and the Americas.
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