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Approach Resources Inc (AREX) |
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Approach Resources Inc's Tangible Leverage Ratio
AREX's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth
Due to net new borrowings of 0.35%, Tangible Leverage Ratio fell to 0.95, above the Approach Resources Inc's average Tangible Leverage Ratio.
Within Oil And Gas Production industry in the third quarter 2019, 62 other companies have achieved lower Tangible Leverage Ratio than Approach Resources Inc in the III Quarter 2019. While Tangible Leverage Ratio total ranking has deteriorated compared to the second quarter 2019 from 986 to 1776 .
Explain Tangible Leverage Ratio?
What is AREX Market Share?
What are AREX´s Total Liabilities?
Select the Comparisons :
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Select the Ratio:
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Tangible Leverage Ratio ▼
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Tangible Leverage Ratio ▼
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AREX Tangible Leverage Ratio |
(Sep 30 2019) III. Quarter |
(Jun 30 2019) II. Quarter |
(Mar 31 2019) I. Quarter |
(Dec 31 2018) IV. Quarter |
(Sep 30 2018) III. Quarter |
Y / Y Tangible Equity Change |
-8.19 % |
-5.52 % |
-4.72 % |
-2.99 % |
8.22 % |
Y / Y Total Liabilities Change |
19.23 % |
2.61 % |
6.29 % |
-15.15 % |
-21.68 % |
Tangible Leverage Ratio MRQ |
0.95 |
0.92 |
0.92 |
0.71 |
0.74 |
AREX's Total
Ranking |
# 1776 |
# 986 |
# 1328 |
# 1317 |
# 1437 |
Seq. Tangible Equity Change |
-3.39 % |
-2.33 % |
-2.95 % |
0.25 % |
-0.58 % |
Seq. Total Liabilities Change |
0.35 % |
-2.11 % |
25.62 % |
-3.38 % |
-13.64 % |
Tangible Leverage Ratio third quarter 2019 Company Ranking |
Within: |
No. |
Oil And Gas Production Industry |
# 63 |
Energy Sector |
# 78 |
Overall Market |
# 1776 |
Tangible Leverage Ratio Statistics |
High |
Average |
Low |
1.02 |
0.76 |
0.26 |
(Sep 30 2017) |
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(Sep 30 2012) |
Cumulative Approach Resources Inc's Tangible Leverage Ratio
AREX's Tangible Leverage Ratio for the trailling 12 Months
AREX Tangible Leverage Ratio |
(Sep 30 2019) III. Quarter |
(Jun 30 2019) II. Quarter |
(Mar 31 2019) I. Quarter |
(Dec 31 2018) IV. Quarter |
(Sep 30 2018) III. Quarter |
Y / Y Tangible Equity TTM Growth |
-8.19 % |
-5.52 % |
-4.72 % |
-2.99 % |
8.22 % |
Y / Y Total Liabilities TTM Growth |
19.23 % |
2.61 % |
6.29 % |
-15.15 % |
-21.68 % |
Tangible Leverage Ratio TTM |
0.87 |
0.82 |
0.8 |
0.78 |
0.8 |
Total
Ranking TTM |
# 18
| # 18
| # 1478
| # 1473
| # 1473
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Seq. Tangible Equity TTM Growth |
-3.39 % |
-2.33 % |
-2.95 % |
0.25 % |
-0.58 % |
Seq. Total Liabilities TTM Growth |
0.35 % |
-2.11 % |
25.62 % |
-3.38 % |
-13.64 % |
On the trailing twelve months basis Due to the net new borrowings of 0.35% during the trailing twelve months finishing in the III Quarter 2019, cumulativeTangible Leverage Ratio improved to 0.87, above the Approach Resources Inc's average Tangible Leverage Ratio. Tangible Leverage Ratio is the average cumulative value over the last four quarters.
Among companies in the Oil And Gas Production industry AREX recorded the lowest Tangible Leverage Ratio. While total ranking remained unchanged compared to previous 12 month period at no. 18.
Explain Tangible Leverage Ratio?
What is AREX Market Share?
What are AREX´s Total Liabilities?
TTM Tangible Leverage Ratio Company Ranking |
Within: |
No. |
Within the Oil And Gas Production Industry |
# 0 |
Energy Sector |
# 0 |
Within the Market |
# 18 |
trailing twelve months Tangible Leverage Ratio Statistics |
High |
Average |
Low |
0.99 |
0.86 |
0.62 | (Sep 30 2017) |
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(March 31, 2014) |
Companies with similar Tangible Leverage Ratio in the quarter ending Sep 30 2019, within Oil And Gas Production Industry | Tangible Leverage Ratio | Sep 30 2019 MRQ Total Liabilities | Sep 30 2019 MRQ Tangible Equity | Chesapeake Energy Corporation | 2.51 | $ 11,883.000 Millions | $ 4,735.000 Millions | Denbury Inc | 2.49 | $ 3,357.176 Millions | $ 1,346.120 Millions | Halliburton Company | 2.32 | $ 16,074.000 Millions | $ 6,930.000 Millions | Petrochina Co Ltd | 2.21 | $ 474,735.344 Millions | $ 214,479.293 Millions | Petrobras Petroleo Brasileiro Sa | 2.10 | $ 155,525.000 Millions | $ 74,215.000 Millions | Nextier Oilfield Solutions Inc | 2.03 | $ 586.823 Millions | $ 288.400 Millions | Everflow Eastern Partners Lp | 2.03 | $ 39.240 Millions | $ 19.298 Millions | Cnooc Ltd | 1.84 | $ 118,568.000 Millions | $ 64,384.000 Millions | Apa Corporation | 1.79 | $ 14,076.000 Millions | $ 7,868.000 Millions | Goodrich Petroleum Corp | 1.77 | $ 149.838 Millions | $ 84.820 Millions | Gb Sciences Inc | 1.69 | $ 20.832 Millions | $ 12.338 Millions | Carrizo Oil and Gas Inc | 1.58 | $ 2,132.772 Millions | $ 1,348.804 Millions | Eni Spa | 1.58 | $ 84,604.800 Millions | $ 53,648.000 Millions | Abraxas Petroleum Corp | 1.57 | $ 269.451 Millions | $ 171.573 Millions | Encana Corp | 1.55 | $ 11,356.000 Millions | $ 7,326.000 Millions | Black Stone Minerals L p | 1.55 | $ 1,297.452 Millions | $ 837.321 Millions | Oceaneering International Inc | 1.49 | $ 1,330.834 Millions | $ 892.630 Millions | New Concept Energy Inc | 1.46 | $ 3.550 Millions | $ 2.426 Millions | Silverbow Resources Inc | 1.42 | $ 552.960 Millions | $ 388.386 Millions | Talos Energy Inc | 1.41 | $ 1,519.812 Millions | $ 1,074.824 Millions | Vista Energy S a b De C v | 1.36 | $ 781.417 Millions | $ 575.232 Millions | Devon Energy Corp | 1.33 | $ 7,608.000 Millions | $ 5,701.000 Millions | Continental Resources Inc | 1.33 | $ 9,219.370 Millions | $ 6,914.180 Millions | Ecopetrol S a | 1.33 | $ 19,287.396 Millions | $ 14,549.088 Millions | Primeenergy Resources Corporation | 1.31 | $ 139.890 Millions | $ 106.907 Millions | Totalenergies Se | 1.29 | $ 153,989.000 Millions | $ 119,305.000 Millions | Klx Energy Services Holdings Inc | 1.28 | $ 329.200 Millions | $ 257.900 Millions | Sm Energy Co | 1.27 | $ 3,609.333 Millions | $ 2,843.750 Millions | Viper Energy Inc | 1.26 | $ 2,006.938 Millions | $ 1,593.058 Millions | Apache Offshore Investment Partnership | 1.24 | $ 9.314 Millions | $ 7.539 Millions |
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