XBOR (Cross Border Resources) Quick Ratio: 1.17 (As of Mar. 2015)

What is Cross Border Resources Quick Ratio?

Cross Border Resources XBOR Quick Ratio is 1.17 as of Mar. 2015.

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. Cross Border Resources's quick ratio for the quarter that ended in Mar. 2015 was 1.17.

Cross Border Resources has a quick ratio of 1.17. It generally indicates good short-term financial strength.

The historical rank and industry rank for Cross Border Resources's Quick Ratio or its related term are showing as below:

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

Cross Border Resources (OTCPK:XBOR) 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.

Cross Border Resources Quick Ratio Related Terms

Cross Border Resources Quick Ratio Historical Data

* Premium members only.

The historical data trend for Cross Border Resources'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.

Cross Border Resources Quick Ratio Chart

Cross Border Resources Annual Data

Trend

Jul06

Jul07

Jul08

Jul09

Jul10

Dec11

Dec12

Dec13

Dec14

Quick Ratio

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0.08

0.99

0.56

1.06

1.23

Cross Border Resources Quarterly Data
	Apr10	Jul10	Oct10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Quick Ratio	Get a 7-Day Free Trial															1.58	0.64	1.26	1.23	1.17

XBOR vs FPPP, UNGS, GBEYF: Quick Ratio Comparison

For the Oil & Gas E&P subindustry, Cross Border Resources'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.

Cross Border Resources Quick Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Cross Border Resources's Quick Ratio falls into.

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Cross Border Resources 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.

Cross Border Resources's Quick Ratio for the fiscal year that ended in Dec. 2014 is calculated as

Quick Ratio (A: Dec. 2014 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(17.661	-	0)	/	14.401
	=	1.23

Cross Border Resources's Quick Ratio for the quarter that ended in Mar. 2015 is calculated as

Quick Ratio (Q: Mar. 2015 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(18.87	-	0)	/	16.169
	=	1.17

Frequently Asked Questions Learn more about Quick Ratio →

What does a Quick Ratio of 1.17 mean?

Cross Border Resources (XBOR) has a Quick Ratio of 1.17 as of Mar. 2015. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Cross Border Resources and its competitors.

Is Cross Border Resources' Quick Ratio too high?

Cross Border Resources' current Quick Ratio is 1.17. The Oil & Gas industry median Quick Ratio is 1.12. Cross Border Resources' value of 1.17 is 4.5% above this industry median.

How does Cross Border Resources' Quick Ratio compare to FPPP and UNGS?

Cross Border Resources' Quick Ratio of 1.17 can be compared against companies in the Oil & Gas industry. The industry median Quick Ratio is 1.12. Cross Border Resources' value of 1.17 is 4.5% 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. Cross Border Resources's current Quick Ratio of 1.17 is 4.5% 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 Cross Border Resources 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. Cross Border Resources's current Quick Ratio is 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Cross Border Resources stock overvalued right now?

Cross Border Resources (XBOR) has a current Quick Ratio of 1.17. The current Quick Ratio is 1.17 and 4.5% 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 Cross Border Resources (XBOR), the current Quick Ratio is 1.17 as of Mar. 2015. 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.

Cross Border Resources Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:TPC TSXV:CEN FPPP TSXV:WTR TSXV:STMP UNGS TSXV:PPE.H TSXV:CA.H TSXV:MMO.H TSXV:ROC.H TSXV:GX GBEYF SPOWF TSXV:CE.H TSXV:KLE.H TSXV:PTP.H TSXV:TZR XCNQ:EI TSXV:TIP.H TSXV:CTI.H

Address 2515 McKinney Avenue, Suite 900, Dallas, TX, USA, 75201

Website http://www.xbres.com

Cross Border Resources Inc is an oil and gas exploration company. The company is engaged in the acquisition, operation, exploration, and development of oil and gas properties and prospects.