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. Yuma Energy's quick ratio for the quarter that ended in Sep. 2019 was 0.44.
Yuma Energy has a quick ratio of 0.44. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Yuma Energy's Quick Ratio or its related term are showing as below:
YUMAQ's Quick Ratio is not ranked *
in the Oil & Gas industry.
Industry Median: 1.11 * Ranked among companies with meaningful Quick Ratio only.
Yuma Energy (OTCPK:YUMAQ) 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.
Yuma Energy Quick Ratio Related Terms
Yuma Energy Quick Ratio Historical Data
* Premium members only.
The historical data trend for Yuma 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.
For the Oil & Gas E&P subindustry, Yuma 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.
Yuma Energy Quick Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Yuma Energy's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Yuma Energy'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.
Yuma Energy's Quick Ratio for the fiscal year that ended in Dec. 2018 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.
Yuma Energy (YUMAQ) has a Quick Ratio of 0.44 as of Sep. 2019. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Yuma Energy and its competitors.
Is Yuma Energy's Quick Ratio too high?
Yuma Energy's current Quick Ratio is 0.44. The Oil & Gas industry median Quick Ratio is 1.11. Yuma Energy's value of 0.44 is 60.4% below this industry median. Overall, Yuma Energy has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Yuma Energy's Quick Ratio compare to DBRM and EXNT?
Yuma Energy's Quick Ratio of 0.44 can be compared against companies in the Oil & Gas industry. The industry median Quick Ratio is 1.11. Yuma Energy's value of 0.44 is 60.4% below 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 1.11, based on 1,012 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. Yuma Energy's current Quick Ratio of 0.44 is 60.4% below 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 Yuma Energy 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. Yuma Energy's current Quick Ratio is 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yuma Energy stock overvalued right now?
Yuma Energy (YUMAQ) has a current Quick Ratio of 0.44. The current Quick Ratio is 0.44 and 60.4% below the Oil & Gas industry median of 1.11. Yuma Energy's overall GF Score™ is 12/100. 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 Yuma Energy (YUMAQ), the current Quick Ratio is 0.44 as of Sep. 2019. 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.
Yuma Energy Inc is active in the oil and gas domain. It is an oil and gas company focused on the acquisition, development, and exploration of conventional and unconventional oil and natural gas resources in the United States Gulf Coast and California. Its operations are focused on onshore assets located in central and southern Louisiana, where it is targeting the Austin Chalk, Tuscaloosa, Wilcox, Frio, Marg Tex and Hackberry formations. In addition, it has a non-operated position in the Bakken Shale in North Dakota and operated positions in Kern and Santa Barbara Counties in California. It also holds operated and non-operated properties in southeast Texas containing both conventional and unconventional properties located in Jefferson and Madison counties.
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