Trio PetroleumTPET +0.80%34 Quick Ratio is 22.48 as of Apr. 2026, which is 4896% above its 10-year median of 0.45. GuruFocus rates TPET with a GF Score™ of 34/100. The stock has 5 warning signs investors should review. Among 1,011 Oil & Gas companies, Trio Petroleum ranks better than 97.33% on this metric.
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. Trio Petroleum's quick ratio for the quarter that ended in Apr. 2026 was 22.48.
Trio Petroleum has a quick ratio of 22.48. It generally indicates good short-term financial strength.
The historical rank and industry rank for Trio Petroleum's Quick Ratio or its related term are showing as below:
TPET'
s Quick Ratio Range Over the Past 10 Years
Min: 0.08 Med: 0.45 Max: 22.48
Current: 22.48
During the past 5 years, Trio Petroleum's highest Quick Ratio was 22.48. The lowest was 0.08. And the median was 0.45.
TPET's Quick Ratio is ranked better than 97.33% of 1011
companies
in the Oil & Gas industry
Industry Median: 1.12
vs TPET: 22.48
Trio Petroleum (AMEX:TPET) 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.
Trio Petroleum Quick Ratio Related Terms
Trio Petroleum Quick Ratio Historical Data
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The historical data trend for Trio Petroleum'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 E&P subindustry, Trio Petroleum'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.
Trio Petroleum Quick Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Trio Petroleum's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Trio Petroleum'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.
Trio Petroleum's Quick Ratio for the fiscal year that ended in Oct. 2025 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.
Trio Petroleum (TPET) has a Quick Ratio of 22.48 as of Apr. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Trio Petroleum and its competitors. This is 4896% above median its historical median of 0.45. Over the past decade, Trio Petroleum's Quick Ratio has ranged from 0.08 to 22.48. According to the industry distribution chart, Trio Petroleum ranks #27 out of 1011 companies in the Oil & Gas industry, placing it in the top 2.7%.
Is Trio Petroleum's Quick Ratio too high?
Trio Petroleum's current Quick Ratio of 22.48 is 4896% above median its 10-year median of 0.45. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 22.48. The Oil & Gas industry median Quick Ratio is 1.12. Trio Petroleum's value of 22.48 is 1907.1% above this industry median. Based on the distribution chart, Trio Petroleum ranks #27 out of 1011 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Trio Petroleum has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Trio Petroleum's Quick Ratio compare to BRN and GULTU?
According to the Oil & Gas industry distribution chart, Trio Petroleum ranks #27 out of 1011 companies for Quick Ratio. This places Trio Petroleum in the top 3% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.12. Trio Petroleum's value of 22.48 is 1907.1% above this benchmark. Historically, Trio Petroleum's own Quick Ratio has ranged from 0.08 to 22.48 over the past decade. While the company's 10-year median is 0.45 vs. the industry median of 1.12, Trio Petroleum has consistently been above 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 1,011 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. Trio Petroleum's current Quick Ratio of 22.48 is 1907.1% 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 Trio Petroleum 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. Trio Petroleum's current Quick Ratio is 22.48, which is 4896% above median its own 10-year median of 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trio Petroleum stock overvalued right now?
Trio Petroleum (TPET) has a current Quick Ratio of 22.48. The current Quick Ratio is 22.48, which is 4896% above median its 10-year median of 0.45 and 1907.1% above the Oil & Gas industry median of 1.12. Trio Petroleum's overall GF Score™ is 34/100 with 5 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 Trio Petroleum (TPET), the current Quick Ratio is 22.48 as of Apr. 2026. 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.
Trio Petroleum Corp is an oil and gas exploration and development company with operations in Monterey County, California, and Uintah County, Utah. The Company holds a working interest in the South Salinas Project and a mineral leasehold consisting of a largely contiguous land package. The South Salinas Project includes six existing idle wells and one active well (the HV-1 well). Trio LLC is a licensed operator in California and operates the South Salinas Project and the McCool Ranch Oil Field on behalf of the Company.
34GF Score
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