Nostrum Oil & Gas (LSE:NOG) Quick Ratio : 4.71 (As of Mar. 2023)

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What is Nostrum Oil & 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. Nostrum Oil & Gas's quick ratio for the quarter that ended in Mar. 2023 was 4.71.

Nostrum Oil & Gas has a quick ratio of 4.71. It generally indicates good short-term financial strength.

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

LSE:NOG' s Quick Ratio Range Over the Past 10 Years
Min: 0.09 Med: 1.49 Max: 4.32
Current: 4.32

During the past 13 years, Nostrum Oil & Gas's highest Quick Ratio was 4.32. The lowest was 0.09. And the median was 1.49.

LSE:NOG's Quick Ratio is ranked better than
88.3% of 1077 companies
in the Oil & Gas industry
Industry Median: 1.1 vs LSE:NOG: 4.32

Nostrum Oil & Gas Quick Ratio Historical Data

The historical data trend for Nostrum 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.

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Nostrum Oil & Gas Quick Ratio Chart

Nostrum Oil & Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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1.35

0.09

0.14

0.17

4.32

Nostrum Oil & Gas Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Dec23
Quick Ratio	Get a 7-Day Free Trial															0.16	0.17	0.17	4.71	4.32

Competitive Comparison of Nostrum Oil & Gas's Quick Ratio

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

Nostrum Oil & Gas's Quick Ratio Distribution in the Oil & Gas Industry

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

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

Nostrum 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.

Nostrum Oil & Gas'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
	=	(170.997	-	23.583)	/	34.086
	=	4.32

Nostrum Oil & Gas's Quick Ratio for the quarter that ended in Mar. 2023 is calculated as

Quick Ratio (Q: Mar. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(200.511	-	27.093)	/	36.796
	=	4.71

Nostrum Oil & Gas (LSE:NOG) 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.

Nostrum Oil & Gas Quick Ratio Related Terms

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Nostrum Oil & Gas (LSE:NOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nostrum Oil & Gas PLC (LSE:NOG) » Definitions » Quick Ratio

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Traded in Other Exchanges

NOGl:UK 3NO0:Germany

Address

20 Eastbourne Terrace, London, GBR, W2 6LG

Website

https://www.nog.co.uk

Nostrum Oil & Gas PLC is engaged in the production, development, and exploration of oil and gas in Kazakhstan. It provides the market with crude oil, stabilized liquid condensate, liquefied petroleum gas, and dry gas. Most of the company's production is derived from licensed assets in the pre-Caspian basin that can be found in western Kazakhstan. In addition to handling the production of its oil assets, Nostrum handles marketing and transportation. It has a network of pipelines and terminals that help ship products to a variety of end markets. Its client base includes a host of international customers.