Mosman Oil and Gas (LSE:MSMN) Quick Ratio : 1.00 (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Mosman Oil and Gas 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. Mosman Oil and Gas's quick ratio for the quarter that ended in Dec. 2023 was 1.00.

Mosman Oil and Gas has a quick ratio of 1.00. It generally indicates good short-term financial strength.

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

LSE:MSMN' s Quick Ratio Range Over the Past 10 Years
Min: 0.77 Med: 2.2 Max: 23.15
Current: 1

During the past 12 years, Mosman Oil and Gas's highest Quick Ratio was 23.15. The lowest was 0.77. And the median was 2.20.

LSE:MSMN's Quick Ratio is ranked worse than
54.7% of 1075 companies
in the Oil & Gas industry
Industry Median: 1.1 vs LSE:MSMN: 1.00

Mosman Oil and Gas Quick Ratio Historical Data

The historical data trend for Mosman Oil and 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.

* Premium members only.

Mosman Oil and Gas Quick Ratio Chart

Mosman Oil and Gas Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Quick Ratio

Get a 7-Day Free Trial

1.99

0.98

9.21

2.82

1.22

Mosman Oil and Gas Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Quick Ratio	Get a 7-Day Free Trial															1.73	2.82	1.42	1.22	1.00

Competitive Comparison of Mosman Oil and Gas's Quick Ratio

For the Oil & Gas E&P subindustry, Mosman Oil and 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.

Mosman Oil and Gas's Quick Ratio Distribution in the Oil & Gas Industry

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

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

Mosman Oil and 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.

Mosman Oil and Gas's Quick Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Quick Ratio (A: Jun. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.777	-	0)	/	0.638
	=	1.22

Mosman Oil and Gas's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.787	-	0)	/	0.788
	=	1.00

Mosman Oil and Gas (LSE:MSMN) 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.

Mosman Oil and Gas Quick Ratio Related Terms

Thank you for viewing the detailed overview of Mosman Oil and Gas's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Mosman Oil and Gas (LSE:MSMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mosman Oil and Gas Ltd (LSE:MSMN) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/-Traverse Accountants Pty Ltd, 24-26 Kent Street, Millers Point, NSW, AUS, 2000

Website

https://www.mosmanoilandgas.com

Mosman Oil and Gas Ltd along with its subsidiaries is engaged in the exploration and development of oil and gas properties. It has two reportable segments based on the geographical areas of the mineral resource and exploration activities including Australia and the United States of America. The Company has several projects in the United States: Stanley, Greater Stanley, Livingston, Winters, Challenger, and Champion in East Texas and Arkoma in Oklahoma in addition to exploration projects in the Amadeus Basin in Central Australia. Geographically, Company derives the majority of its revenue from the United States of America.

Mosman Oil and Gas (LSE:MSMN) Headlines

No Headlines