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XBUL:NGAZ's Quick Ratio is ranked better than 82.66% of 1015
companies
in the Oil & Gas industry
Industry Median: 1.11
vs XBUL:NGAZ: 3.04
Oil and Gas Exploration and Production AD (XBUL:NGAZ) 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.
Oil and Gas Exploration and Production AD Quick Ratio Related Terms
Oil and Gas Exploration and Production AD Quick Ratio Historical Data
* 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.
Oil and Gas Exploration and Production AD Quick Ratio Chart
Oil and Gas Exploration and Production AD Annual Data
XBUL:NGAZ vs COP, EOG, FANG: Quick Ratio Comparison
For the Oil & Gas E&P subindustry, Oil and Gas Exploration and Production AD'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.
Oil and Gas Exploration and Production AD Quick Ratio vs Oil & Gas Industry
Oil and Gas Exploration and Production AD 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.
* 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.
Oil and Gas Exploration and Production AD (XBUL:NGAZ) has a Quick Ratio of 3.04 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Oil and Gas Exploration and Production AD and its competitors. This is near median its historical median of 2.88. Over the past decade, Oil and Gas Exploration and Production AD's Quick Ratio has ranged from 2.15 to 4.27. According to the industry distribution chart, Oil and Gas Exploration and Production AD ranks #176 out of 1015 companies in the Oil & Gas industry, placing it in the top 17.3%.
Is Oil and Gas Exploration and Production AD's Quick Ratio too high?
Oil and Gas Exploration and Production AD's current Quick Ratio of 3.04 is near median its 10-year median of 2.88. Over the past 10 years, this metric has ranged from a low of 2.15 to a high of 4.27. The Oil & Gas industry median Quick Ratio is 1.11. Oil and Gas Exploration and Production AD's value of 3.04 is 173.9% above this industry median. Based on the distribution chart, Oil and Gas Exploration and Production AD ranks #176 out of 1015 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Oil and Gas Exploration and Production AD has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oil and Gas Exploration and Production AD's Quick Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Oil and Gas Exploration and Production AD ranks #176 out of 1015 companies for Quick Ratio. This places Oil and Gas Exploration and Production AD in the top 17% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.11. Oil and Gas Exploration and Production AD's value of 3.04 is 173.9% above this benchmark. Historically, Oil and Gas Exploration and Production AD's own Quick Ratio has ranged from 2.15 to 4.27 over the past decade. While the company's 10-year median is 2.88 vs. the industry median of 1.11, Oil and Gas Exploration and Production AD 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 1.11, based on 1,015 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. Oil and Gas Exploration and Production AD's current Quick Ratio of 3.04 is 173.9% 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 Oil and Gas Exploration and Production AD and its competitors. For the Oil & Gas industry, the median Quick Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oil and Gas Exploration and Production AD's current Quick Ratio is 3.04, which is near median its own 10-year median of 2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oil and Gas Exploration and Production AD stock overvalued right now?
Based on GuruFocus' analysis, Oil and Gas Exploration and Production AD (XBUL:NGAZ) is currently considered Significantly Undervalued. The stock's GF Value™ is €3.69, compared to a current price of €1.97 — trading 46.6% below its estimated fair value. The current Quick Ratio is 3.04, which is near median its 10-year median of 2.88 and 173.9% above the Oil & Gas industry median of 1.11. Oil and Gas Exploration and Production AD's overall GF Score™ is 63/100 with 4 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 Oil and Gas Exploration and Production AD (XBUL:NGAZ), the current Quick Ratio is 3.04 as of Dec. 2025. 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.
Is Oil and Gas Exploration and Production AD (XBUL:NGAZ) Overvalued in 2026?
Based on GuruFocus' analysis, Oil and Gas Exploration and Production AD stock appears to be undervalued.
The current stock price of €1.97 is trading 46.6% below its estimated GF Value™ of €3.69.
GuruFocus considers Oil and Gas Exploration and Production AD to be Significantly Undervalued.
Key valuation signals for XBUL:NGAZ:
Quick Ratio: 3.04 (near median its 10-year median of 2.88)
GF Value™: €3.69 vs. price of €1.97 (46.6% below fair value)
Industry Position: 173.9% above the Oil & Gas median (#176 of 1015)
No single metric tells the full story. See the XBUL:NGAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oil and Gas Exploration and Production AD Business Description
Oil and Gas Exploration and Production AD is engaged in prospecting, exploration, development and exploitation of oil and gas fields, as well as processing of crude oil. Some of the services provided by the company - design and conducting of 2D and 3D seismic data acquisition, geological and geophysical data processing and interpretation, mud logging, drilling of exploration and production wells for mineralized water and geothermal energy, well logging, among others.
63GF Score
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