Questerre Energy has a quick ratio of 3.93. It generally indicates good short-term financial strength.
The historical rank and industry rank for Questerre Energy's Quick Ratio or its related term are showing as below:
TSX:QEC'
s Quick Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.91 Max: 4.32
Current: 3.93
During the past 13 years, Questerre Energy's highest Quick Ratio was 4.32. The lowest was 0.14. And the median was 0.91.
TSX:QEC's Quick Ratio is ranked better than 87.74% of 1077
companies
in the Oil & Gas industry
Industry Median: 1.1
vs TSX:QEC: 3.93
Questerre Energy Quick Ratio Historical Data
The historical data trend for Questerre Energy'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.
Competitive Comparison of Questerre Energy's Quick Ratio
For the Oil & Gas E&P subindustry, Questerre Energy'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.
Questerre Energy's Quick Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Questerre Energy's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Questerre Energy's Quick Ratio falls into.
Questerre Energy 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.
Questerre Energy's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Questerre Energy (TSX:QEC) 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.
Questerre Energy Quick Ratio Related Terms
Thank you for viewing the detailed overview of Questerre Energy's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Questerre Energy Corp serves the oil and gas sector. The Canada-based company is engaged in the acquisition, exploration, and development of oil and gas projects. It operates non-conventional projects such as tight oil, oil shale, shale oil and shale gas. The segments of the group are Western Canada; Quebec ; and Corporate and others. Western Canada segment involves exploration and development activities in Western Canada including Alberta, Saskatchewan and Manitoba with the existing production of natural gas, crude oil and natural gas liquids. Quebec segment consists the development of natural gas discovery in the province with a focus on securing social acceptability and regulatory approvals for a clean technology energy project.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSX:QEC has been successfully added to your 