POGS (Pioneer Oil & Gas) Quick Ratio: 3.39 (As of Jun. 2005)

What is Pioneer Oil & Gas Quick Ratio?

Pioneer Oil & Gas POGS -37.34% Quick Ratio is 3.39 as of Jun. 2005.

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. Pioneer Oil & Gas's quick ratio for the quarter that ended in Jun. 2005 was 3.39.

Pioneer Oil & Gas has a quick ratio of 3.39. It generally indicates good short-term financial strength.

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

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

Pioneer Oil & Gas (OTCPK:POGS) 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.

Pioneer Oil & Gas Quick Ratio Related Terms

Pioneer Oil & Gas Quick Ratio Historical Data

* Premium members only.

The historical data trend for Pioneer 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.

Pioneer Oil & Gas Quick Ratio Chart

Pioneer Oil & Gas Annual Data

Trend

Sep00

Sep01

Sep02

Sep03

Sep04

Quick Ratio

3.22

2.07

4.65

5.04

2.66

Pioneer Oil & Gas Quarterly Data
	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05
Quick Ratio	Get a 7-Day Free Trial															1.73	2.66	2.71	14.83	3.39

POGS vs ECT, TRNX, SLNG: Quick Ratio Comparison

For the Oil & Gas Integrated subindustry, Pioneer 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.

Pioneer Oil & Gas Quick Ratio vs Oil & Gas Industry

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

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

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Pioneer 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.

Pioneer Oil & Gas's Quick Ratio for the fiscal year that ended in Sep. 2004 is calculated as

Quick Ratio (A: Sep. 2004 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1.845	-	0)	/	0.693
	=	2.66

Pioneer Oil & Gas's Quick Ratio for the quarter that ended in Jun. 2005 is calculated as

Quick Ratio (Q: Jun. 2005 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(7.077	-	0)	/	2.087
	=	3.39

Frequently Asked Questions Learn more about Quick Ratio →

What does a Quick Ratio of 3.39 mean?

Pioneer Oil & Gas (POGS) has a Quick Ratio of 3.39 as of Jun. 2005. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Pioneer Oil & Gas and its competitors.

Is Pioneer Oil & Gas' Quick Ratio too high?

Pioneer Oil & Gas' current Quick Ratio is 3.39. The Oil & Gas industry median Quick Ratio is 1.12. Pioneer Oil & Gas' value of 3.39 is 202.7% above this industry median.

How does Pioneer Oil & Gas' Quick Ratio compare to ECT and TRNX?

Pioneer Oil & Gas' Quick Ratio of 3.39 can be compared against companies in the Oil & Gas industry. The industry median Quick Ratio is 1.12. Pioneer Oil & Gas' value of 3.39 is 202.7% above 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. Pioneer Oil & Gas's current Quick Ratio of 3.39 is 202.7% above 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 Pioneer 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. Pioneer Oil & Gas's current Quick Ratio is 3.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Pioneer Oil & Gas stock overvalued right now?

Pioneer Oil & Gas (POGS) has a current Quick Ratio of 3.39. The current Quick Ratio is 3.39 and 202.7% above 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 Pioneer Oil & Gas (POGS), the current Quick Ratio is 3.39 as of Jun. 2005. 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.

Pioneer Oil & Gas Business Description

Industry Energy Oil & Gas

Comparable Companies ECT LSE:VOG LSE:ECHO TRNX LSE:QFI XKLS:7250 HSTC:PGS HKSE:00346 SLNG TSXV:PEA AE HKSE:01251 STC:PGD HKSE:00228 SZSE:002259 TSE:9535 MIC:YAKG KUW:IPG ISX:SURE OSL:AVANCE

Address 1206 West South Jordan Parkway, Unit B, South Jordan, UT, USA, 84095-5512

Website http://www.piol.com

Pioneer Oil & Gas operates in the oil and gas integrated industry. The company is engaged in the business of acquiring, developing, producing, and selling oil and gas properties to companies located in the continental United States. The majority of the company's revenue is derived from royalty income.