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Altex Industries Inc  (ALTX)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy

Altex Industries Inc's Quick Ratio

ALTX's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Regardless of the sequential decrease in Current Liabilities, during the first quarter 2023, Quick Ratio deteriorated to 1.89 below Altex Industries Inc's average Quick Ratio.

Within Oil And Gas Production industry Altex Industries Inc booked the highest Quick Ratio than Altex Industries Inc in the first quarter 2023. While Quick Ratio total ranking has improved so far during the I Quarter 2023 to 73, from total ranking in the forth quarter 2023 at 1168.

Explain Quick Ratio?
How much Cash & cash equivalents ALTX´s has?
What are ALTX´s Current Liabilities?


ALTX Quick Ratio (Dec 31 2023)
I. Quarter
(Sep 30 2023)
IV. Quarter
(Jun 30 2023)
III. Quarter
(Mar 31 2023)
II. Quarter
(Dec 31 2022)
I. Quarter
Y / Y Current Liabilities Change 0 % 6.2 % 6.32 % 6.15 % 6.33 %
Y / Y Cash & cash equivalent Change -3.69 % -5.34 % -5.52 % -6.07 % 14 %
Quick Ratio MRQ 1.89 1.89 1.92 1.95 1.96
ALTX's Total Ranking # 73 # 1168 # 1296 # 997 # 36
Seq. Current Liabilities Change -0.59 % 0.34 % 0.43 % -0.17 % 5.57 %
Seq. Cash & cash equivalent Change -0.58 % -1.15 % -1.4 % -0.61 % -2.29 %



Quick Ratio first quarter 2023 Company Ranking
Within: No.
Oil And Gas Production Industry # 0
Energy Sector # 0
Overall Market # 73


Quick Ratio Statistics
High Average Low
21.45 4.02 1.83
(Mar 31 2012)   (Jun 30 2021)




Financial Statements
Altex Industries Inc's Current Liabilities $ 1 Millions Visit ALTX's Balance sheet
Altex Industries Inc's Cash & cash equivalent $ 2 Millions Visit ALTX's Balance sheet
Source of ALTX's Sales Visit ALTX's Sales by Geography


Cumulative Altex Industries Inc's Quick Ratio

ALTX's Quick Ratio for the trailling 12 Months

ALTX Quick Ratio

(Dec 31 2023)
I. Quarter
(Sep 30 2023)
IV. Quarter
(Jun 30 2023)
III. Quarter
(Mar 31 2023)
II. Quarter
(Dec 31 2022)
I. Quarter
Y / Y Current Liabilities TTM Growth 0 % 6.2 % 6.32 % 6.15 % 6.33 %
Y / Y Cash & cash equivalent TTM Growth -3.69 % -5.34 % -5.52 % -6.07 % 14 %
Quick Ratio TTM 1.91 1.93 1.99 2.04 2.11
Total Ranking TTM # 373 # 962 # 1004 # 1039 # 3599
Seq. Current Liabilities TTM Growth -0.59 % 0.34 % 0.43 % -0.17 % 5.57 %
Seq. Cash & cash equivalent TTM Growth -0.58 % -1.15 % -1.4 % -0.61 % -2.29 %


On the trailing twelve months basis In spite of the year on year decrease in ALTX's Current Liabilities to $1.18 millions, cumulative Quick Ratio to 1.91 below the ALTX average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Oil And Gas Production industry 2 other companies have achieved higher Quick Ratio than Altex Industries Inc. While Quick Ratio overall ranking has improved so far to 373, from total ranking during the twelve months ending forth quarter 2023 at 962.

Explain Quick Ratio?
How much Cash & cash equivalents ALTX´s has?
What are ALTX´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Oil And Gas Production Industry # 3
Energy Sector # 5
Within the Market # 373


trailing twelve months Quick Ratio Statistics
High Average Low
7.41 2.73 1.84
(Dec 31 2013)   (Dec 31 2021)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Oil And Gas Production Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Sandridge Energy Inc   5.15 $ 253.944  Millions$ 49.324  Millions
Epsilon Energy Ltd   4.08 $ 32.179  Millions$ 7.896  Millions
Black Stone Minerals L p   2.72 $ 70.282  Millions$ 25.836  Millions
Kimbell Royalty Partners lp  2.39 $ 30.993  Millions$ 12.977  Millions
Altex Industries Inc  1.89 $ 2.219  Millions$ 1.175  Millions
Rpc inc   1.47 $ 223.310  Millions$ 151.857  Millions
Eog Resources Inc   1.41 $ 5,278.000  Millions$ 3,749.000  Millions
Magnolia Oil and Gas Corp  1.27 $ 401.121  Millions$ 314.887  Millions
Pedevco Corp   0.98 $ 18.515  Millions$ 18.899  Millions
Sm Energy Co  0.97 $ 616.164  Millions$ 633.812  Millions
Vaalco Energy Inc  0.95 $ 121.115  Millions$ 127.475  Millions
Helix Energy Solutions Group inc   0.86 $ 332.191  Millions$ 385.956  Millions
Chesapeake Energy Corporation  0.82 $ 1,079.000  Millions$ 1,314.000  Millions
W and t Offshore inc   0.82 $ 177.755  Millions$ 216.852  Millions
Oceaneering International Inc  0.81 $ 461.566  Millions$ 567.845  Millions
California Resources Corp  0.81 $ 496.000  Millions$ 616.000  Millions
Viper Energy Inc   0.78 $ 25.869  Millions$ 33.256  Millions
Klx Energy Services Holdings Inc   0.69 $ 112.500  Millions$ 164.100  Millions
Civitas Resources inc   0.61 $ 1,124.797  Millions$ 1,851.887  Millions
Evolution Petroleum Corp  0.58 $ 8.460  Millions$ 14.527  Millions
Coterra Energy Inc   0.58 $ 956.000  Millions$ 1,660.000  Millions
Ncs Multistage Holdings Inc   0.52 $ 16.720  Millions$ 32.058  Millions
Barnwell Industries inc   0.49 $ 3.223  Millions$ 6.645  Millions
Tetra Technologies Inc   0.45 $ 52.485  Millions$ 116.861  Millions
Nine Energy Service Inc   0.43 $ 30.840  Millions$ 72.409  Millions
Tellurian Inc   0.42 $ 75.789  Millions$ 179.198  Millions
Shell Plc  0.41 $ 39,081.000  Millions$ 95,467.000  Millions
Halliburton Company  0.40 $ 2,264.000  Millions$ 5,608.000  Millions

Date modified: 2024-02-03T10:43:11+00:00



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