Approach Resources Inc Quick Ratio (AREX) starting from the third quarter 2019 to third quarter 2018, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Approach Resources Inc  (NASDAQ: AREX)
    Sector • Energy    Industry • Oil And Gas Production
   Industry • Oil And Gas Production
   Sector • Energy

Approach Resources Inc's Quick Ratio

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


In the wake of the increase in Current Liabilities in the third quarter 2019, Quick Ratio fell to 0.02 below Approach Resources Inc average.

Within Oil And Gas Production industry 138 other companies have achieved higher Quick Ratio than Approach Resources Inc in third quarter 2019. While Quick Ratio total ranking in the third quarter 2019 has deteriorated compared to the prior quarter from 4916 to 5006.

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



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AREX Quick Ratio (Sep 30 2019)
Q3		 (Jun 30 2019)
Q2		 (Mar 31 2019)
Q1		 (Dec 31 2018)
Q4		 (Sep 30 2018)
Q3
Y / Y Current Liabilities Change 951.76 % 1046.04 % 1203.46 % -15.92 % 41.53 %
Y / Y Cash & cash equivalent Change 31772.73 % 32618.18 % 71359.09 % 4.76 % 4.76 %
Quick Ratio MRQ 0.02 0.02 0.05 0 0
AREX's Total Ranking # 5006 # 4916 # 2899 # 3952 # 4701
Seq. Current Liabilities Change 27.18 % -1.82 % 1548.55 % -48.91 % 38.58 %
Seq. Cash & cash equivalent Change -2.58 % -54.21 % 71359.09 % 0 % 0 %



Quick Ratio third quarter 2019 Company Ranking
Within: No.
Oil And Gas Production Industry # 139
Energy Sector # 204
Overall Market # 5006


Quick Ratio Statistics
High Average Low
1.11 0.08 0
(Jun 30 2013)   (Sep 30 2018)




Financial Statements
Approach Resources Inc's Current Liabilities $ 434 Millions Visit AREX's Balance sheet
Approach Resources Inc's Cash & cash equivalent $ 7 Millions Visit AREX's Balance sheet
Source of AREX's Sales Visit AREX's Sales by Geography


Cumulative Approach Resources Inc's Quick Ratio

AREX's Quick Ratio for the trailling 12 Months

AREX Quick Ratio

 (Sep 30 2019)
12 Months		 (Jun 30 2019)
12 Months		 (Mar 31 2019)
12 Months		 (Dec 31 2018)
12 Months		 (Sep 30 2018)
12 Months
Y / Y Current Liabilities TTM Growth 831.67 % 578.72 % 280.87 % 3.34 % 5.62 %
Y / Y Cash & cash equivalent TTM Growth 34328.74 % 26601.16 % 6423.55 % -70.57 % -70.9 %
Quick Ratio TTM 0.03 0.03 0.04 0 0
Total Ranking TTM # 5201 # 4929 # 4807 # 4947 # 4951
Seq. Current Liabilities TTM Growth 52.28 % 70.84 % 270.15 % -3.25 % 10.94 %
Seq. Cash & cash equivalent TTM Growth 30.44 % 45.46 % 17839.77 % 1.15 % 1.16 %

Quick ratio ranking by company, industry and sector >> Back to AREX Financial Strength Comparisons >> Go to Compare AREX Quick Ratio to its Competitors

On the trailing twelve months basis In Spite of the growth in Current Liabilities in the Q3 2019 to $433.87 millions, cumulative Quick Ratio remained unchanged at 0.03 below the Approach Resources Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Oil And Gas Production industry 163 other companies have achieved higher Quick Ratio than Approach Resources Inc. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2019 from 4929 to 5201.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Oil And Gas Production Industry # 164
Energy Sector # 231
Within the Market # 5201


trailing twelve months Quick Ratio Statistics
High Average Low
0.46 0.07 0
(Dec 31 2013)   (Sep 30 2018)




Companies with similar Quick Ratio in the quarter ending Sep 30 2019, within Oil And Gas Production Industry Quick RatioSep 30 2019 MRQ Cash & cash equivalentSep 30 2019 MRQ Current Liabilities
Silverbow Resources Inc   0.04 $ 2.850  Millions$ 67.030  Millions
Callon Petroleum Co  0.04 $ 11.309  Millions$ 281.815  Millions
Permian Resources Corporation  0.04 $ 10.933  Millions$ 273.337  Millions
Matador Resources Company  0.04 $ 15.709  Millions$ 403.357  Millions
Rivulet Entertainment Inc   0.04 $ 0.009  Millions$ 0.238  Millions
Southwestern Energy Company  0.04 $ 29.000  Millions$ 788.000  Millions
Ep Energy Llc  0.04 $ 188.000  Millions$ 5,301.000  Millions
California Resources Corp  0.04 $ 22.000  Millions$ 621.000  Millions
North American Construction Group Ltd   0.04 $ 4.247  Millions$ 120.494  Millions
Chord Energy Corporation  0.03 $ 19.425  Millions$ 593.861  Millions
Viking Energy Group Inc   0.03 $ 1.555  Millions$ 49.880  Millions
Petrolia Energy Corporation  0.03 $ 0.072  Millions$ 2.332  Millions
Cimarex Energy Co  0.03 $ 23.885  Millions$ 796.699  Millions
Cenovus Energy Inc   0.03 $ 150.136  Millions$ 5,131.434  Millions
Verde Bio Holdings Inc   0.03 $ 0.039  Millions$ 1.339  Millions
Hess Midstream Lp  0.03 $ 3.500  Millions$ 126.400  Millions
Evolve Transition Infrastructure Lp  0.03 $ 4.634  Millions$ 171.514  Millions
Continental Resources Inc  0.03 $ 35.260  Millions$ 1,371.769  Millions
Goodrich Petroleum Corp  0.03 $ 1.160  Millions$ 45.635  Millions
Obsidian Energy Ltd   0.02 $ 10.724  Millions$ 461.898  Millions
Veren Inc   0.02 $ 49.637  Millions$ 2,225.307  Millions
Gulfport Energy Corporation  0.02 $ 10.124  Millions$ 473.935  Millions
Approach Resources Inc  0.02 $ 7.012  Millions$ 433.872  Millions
Ultra Petroleum Corp   0.02 $ 3.365  Millions$ 213.985  Millions
Encana Corp  0.02 $ 44.000  Millions$ 2,842.000  Millions
Wpx Energy Inc   0.01 $ 13.000  Millions$ 930.000  Millions
Pembina Pipeline Corporation  0.01 $ 98.814  Millions$ 7,719.748  Millions
Pdc Energy Inc   0.01 $ 4.567  Millions$ 407.791  Millions
Blue Dolphin Energy Co  0.01 $ 0.746  Millions$ 69.542  Millions
Eqt Corporation  0.01 $ 7.542  Millions$ 760.018  Millions

Date modified: 2026-09-18T13:11:03+00:00



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