Rattler Midstream LP (Rattler Midstream LP) Quick Ratio : 1.20 (As of Jun. 2022)

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What is Rattler Midstream LP 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. Rattler Midstream LP's quick ratio for the quarter that ended in Jun. 2022 was 1.20.

Rattler Midstream LP has a quick ratio of 1.20. It generally indicates good short-term financial strength.

The historical rank and industry rank for Rattler Midstream LP's Quick Ratio or its related term are showing as below:

RTLR' s Quick Ratio Range Over the Past 10 Years
Min: 0.07 Med: 1.33 Max: 127.19
Current: 1.2

During the past 6 years, Rattler Midstream LP's highest Quick Ratio was 127.19. The lowest was 0.07. And the median was 1.33.

RTLR's Quick Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.11 vs RTLR: 1.20

Rattler Midstream LP Quick Ratio Historical Data

The historical data trend for Rattler Midstream LP'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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Rattler Midstream LP Quick Ratio Chart

Rattler Midstream LP Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Quick Ratio

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16.76

0.52

0.92

2.03

1.81

Rattler Midstream LP Quarterly Data
	Mar17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Quick Ratio	Get a 7-Day Free Trial															1.67	3.70	1.81	1.33	1.20

Competitive Comparison of Rattler Midstream LP's Quick Ratio

For the Oil & Gas Midstream subindustry, Rattler Midstream LP'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.

Rattler Midstream LP's Quick Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Rattler Midstream LP's Quick Ratio falls into.

Rattler Midstream LP 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.

Rattler Midstream LP's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Quick Ratio (A: Dec. 2021 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(101.728	-	13.081)	/	48.949
	=	1.81

Rattler Midstream LP's Quick Ratio for the quarter that ended in Jun. 2022 is calculated as

Quick Ratio (Q: Jun. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(97.011	-	15.858)	/	67.688
	=	1.20

Rattler Midstream LP (NAS:RTLR) 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.

Rattler Midstream LP Quick Ratio Related Terms

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Rattler Midstream LP (Rattler Midstream LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rattler Midstream LP (NAS:RTLR) » Definitions » Quick Ratio

Comparable Companies

LPG TNK PBT BROG TK TNP HMLP GPP GLOP GLP TSX:ENB EPD TSX:TRP WMB KMI ET LNG MPLX OKE CQP

Traded in Other Exchanges

N/A

Address

500 West Texas Avenue, Suite 1200, Midland, TX, USA, 79701

Website

https://www.rattlermidstream.com

Rattler Midstream LP is a growth-oriented partnership firm that owns, operates, develops and acquires midstream infrastructure assets in the Midland and Delaware Basins of the Permian. It provides crude oil, natural gas and water-related midstream services including freshwater sourcing and transportation and saltwater gathering and disposal to Diamondback under long-term, fixed-fee contracts. The company's operating segment includes Midstream Services.

Executives

Steven E West	director	411 WEST PUTNAM AVE., SUITE 125, GREENWICH CT 06830
Van't Hof Matthew Kaes	director, officer: President	500 WEST TEXAS, SUITE 1200, MIDLAND TX 79701
Travis D. Stice	director, officer: Chief Executive Officer	500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
Teresa L. Dick	officer: See Remarks	500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
Matt Zmigrosky	officer: See Remarks	500 WEST TEXAS AVENUE, SUITE 1200, MIDLAND TX 79701
Laurie H Argo	director	1100 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Arturo Vivar	director	1715 NANTUCKET DRIVE UNIT A HOUSTON TX 77057
Diamondback Energy, Inc.	director	500 WEST TEXAS, SUITE 1200, MIDLAND TX 79701
Energen Resources Corp	director	500 W TEXAS AVENUE SUITE 1200 MIDLAND TX 79701
Rattler Midstream Gp Llc	director, other: General Partner of Issuer	500 WEST TEXAS SUITE 1200 MIDLAND TX 79701