TORC Oil & Gas Quick ratio
What is the Quick ratio of TORC Oil & Gas?
The Quick ratio of TORC Oil & Gas Ltd. is 0.29
What is the definition of Quick ratio?
Quick ratio is liquidity ratio that measures a company’s ability to use its quick assets to meet its short-term obligations immediately.
mrq (most recent quarter)
The quick ratio is the ratio between quick or liquid assets and current liabilities. Quick assets include those current assets that presumably can be quickly converted to cash at close to their book values. A normal liquid ratio is considered to be 1. A company with a quick ratio of less than 1 cannot at the time fully pay its current liabilities or short-term obligations. This ratio is considered to be a much reliable tool for assessment of liquidity position of companies.
Quick ratio of companies in the Energy sector on TSX compared to TORC Oil & Gas
What does TORC Oil & Gas do?
TORC Oil & Gas Ltd. engages in the exploration and production of petroleum and natural gas in the Western Canadian Sedimentary Basin. The company's principal properties are located in the southeast Saskatchewan area. TORC Oil & Gas Ltd. was founded in 2010 and is headquartered in Calgary, Canada.
Companies with quick ratio similar to TORC Oil & Gas
- Sumeet Industries has Quick ratio of 0.29
- Intema Solutions has Quick ratio of 0.29
- North Sea has Quick ratio of 0.29
- Antero Resources Corp has Quick ratio of 0.29
- Beautiful China has Quick ratio of 0.29
- Lemon Tree Hotels has Quick ratio of 0.29
- TORC Oil & Gas has Quick ratio of 0.29
- Petrus Resources has Quick ratio of 0.29
- OKG Technology has Quick ratio of 0.29
- Grocery Outlet Corp has Quick ratio of 0.29
- Highway 50 Gold has Quick ratio of 0.29
- Dream Impact Trust has Quick ratio of 0.29
- Dai-Ichi Karkaria has Quick ratio of 0.29