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Atlas Resource Partners LP (Atlas Resource Partners LP) Quick Ratio : 0.10 (As of Sep. 2017)


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Atlas Resource Partners LP Quick Ratio Definition

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. Atlas Resource Partners LP's quick ratio for the quarter that ended in Sep. 2017 was 0.10.

Atlas Resource Partners LP has a quick ratio of 0.10. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Atlas Resource Partners LP's Quick Ratio or its related term are showing as below:

ARPPQ.PFD' s Quick Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.58   Max: 1.65
Current: 0.1

During the past 8 years, Atlas Resource Partners LP's highest Quick Ratio was 1.65. The lowest was 0.10. And the median was 0.58.

ARPPQ.PFD's Quick Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.11 vs ARPPQ.PFD: 0.10

Atlas Resource Partners LP Quick Ratio Historical Data

The historical data trend for Atlas Resource Partners LP'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.

* Premium members only.

Atlas Resource Partners LP Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Quick Ratio
Get a 7-Day Free Trial 0.64 0.49 0.98 1.65 0.11

Atlas Resource Partners LP Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.75 0.11 0.11 0.26 0.10

Competitive Comparison

For the Oil & Gas E&P subindustry, Atlas Resource Partners LP'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.


Atlas Resource Partners LP Quick Ratio Distribution

For the Oil & Gas industry and Energy sector, Atlas Resource Partners LP's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Atlas Resource Partners LP's Quick Ratio falls into.



Atlas Resource Partners LP 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.

Atlas Resource Partners LP's Quick Ratio for the fiscal year that ended in Dec. 2016 is calculated as

Quick Ratio (A: Dec. 2016 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(86.1-0)/796.699
=0.11

Atlas Resource Partners LP's Quick Ratio for the quarter that ended in Sep. 2017 is calculated as

Quick Ratio (Q: Sep. 2017 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(59.3-0)/589.209
=0.10

* 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.


Atlas Resource Partners LP  (OTCPK:ARPPQ.PFD) 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.


Atlas Resource Partners LP Quick Ratio Related Terms

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Atlas Resource Partners LP (Atlas Resource Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
425 Houston Street, Suite 300, Fort Worth, TX, USA, 76102
Titan Energy LLC is an exploration and production company. It is focused on acquiring and developing oil and gas assets with operations in basins across the United States with a focus on the development of Eagle Ford Shell basin from South Texas. The firm also sponsors and manages drilling partnerships to finance its operations. It has Gas and Oil Production, Well Construction & Completion and Other partnership segments. The company derives the majority of its revenue from Gas and Oil production segment.
Executives
Christopher Kenneth Walker officer: Chief Operating Officer 425 HOUSTON STREET, FORT WORTH TX 76102
Steven J Pully director 9800 RICHMOND AVE, SUITE 700, HOUSTON TX 77042
Foxfields Funding Llc 10 percent owner 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Michael C. Forman 10 percent owner CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104-2867
Zachary Klehr 10 percent owner C/O FRANKLIIN SQUARE CAPITAL PARTNERS, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Fs Investment Corp Ii 10 percent owner 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Fsic Ii Advisor, Llc 10 percent owner 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Gso Energy Market Opportunities Fund Lp 10 percent owner C/O GSO CAPITAL PARTNERS LP, 345 PARK AVE., NEW YORK NY 10154
Gso Energy Market Opportunities Associates Llc 10 percent owner C/O GSO CAPITAL PARTNERS LP, 345 PARK AVE., NEW YORK NY 10154
Gerald Stahlecker 10 percent owner CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104-2867
Fsic Iii Advisor, Llc 10 percent owner 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Michael C Watchorn director NES RENTALS HOLDINGS INC, 8770 W BRYN MAWR, CHICAGO IL 60631
Gso / Blackstone Debt Funds Management Llc 10 percent owner C/O GSO CAPITAL PARTNERS LP, 345 PARK AVE., NEW YORK NY 10154
Fs Energy & Power Fund 10 percent owner 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Fs Investment Advisor, Llc 10 percent owner 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112

Atlas Resource Partners LP (Atlas Resource Partners LP) Headlines