Abraxas Petroleum Quick Ratio (AXAS) starting from the fourth quarter 2022 to fourth quarter 2021, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Abraxas Petroleum Corp  (AXAS)
    Sector • Energy    Industry • Oil And Gas Production
   Industry • Oil And Gas Production
   Sector • Energy

Abraxas Petroleum's Quick Ratio

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


Regardless of the sequential decrease in Current Liabilities, during the fourth quarter 2022, Quick Ratio deteriorated to 0.39 above company average Quick Ratio.

Within Oil And Gas Production industry 51 other companies have achieved higher Quick Ratio than Abraxas Petroleum in fourth quarter 2022. While Quick Ratio total ranking in the fourth quarter 2022 has deteriorated compared to the prior quarter from 1402 to 3339.

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



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AXAS Quick Ratio (Dec 31 2022)
Q4		 (Sep 30 2022)
Q3		 (Jun 30 2022)
Q2		 (Mar 31 2022)
Q1		 (Dec 31 2021)
Q4
Y / Y Current Liabilities Change -96.92 % -94.92 % -93.34 % -93.32 % 6.32 %
Y / Y Cash & cash equivalent Change -71.34 % 177.33 % 132.33 % 120.13 % 261.59 %
Quick Ratio MRQ 0.39 2.08 1.17 0.62 0.04
AXAS's Total Ranking # 3339 # 1402 # 2044 # 2676 # 5198
Seq. Current Liabilities Change -38.67 % -23.84 % 4.26 % -93.68 % 1.3 %
Seq. Cash & cash equivalent Change -88.54 % 35.66 % 96.71 % -6.26 % 10.86 %



Quick Ratio fourth quarter 2022 Company Ranking
Within: No.
Oil And Gas Production Industry # 52
Energy Sector # 79
Overall Market # 3339


Quick Ratio Statistics
High Average Low
2.08 0.15 0
(Sep 30 2022)   (Mar 31 2013)




Financial Statements
Abraxas Petroleum's Current Liabilities $ 7 Millions Visit AXAS's Balance sheet
Abraxas Petroleum's Cash & cash equivalent $ 3 Millions Visit AXAS's Balance sheet
Source of AXAS's Sales Visit AXAS's Sales by Geography


Cumulative Abraxas Petroleum's Quick Ratio

AXAS's Quick Ratio for the trailling 12 Months

AXAS Quick Ratio

 (Dec 31 2022)
12 Months		 (Sep 30 2022)
12 Months		 (Jun 30 2022)
12 Months		 (Mar 31 2022)
12 Months		 (Dec 31 2021)
12 Months
Y / Y Current Liabilities TTM Growth -94.65 % -69.47 % -28.82 % 43.31 % 195.44 %
Y / Y Cash & cash equivalent TTM Growth 78.42 % 162 % 201.34 % 377.72 % 832.76 %
Quick Ratio TTM 1.11 0.22 0.09 0.05 0.03
Total Ranking TTM # 4694 # 4878 # 4909 # 4916 # 4883
Seq. Current Liabilities TTM Growth -82.2 % -44.28 % -30.36 % -22.51 % 1.54 %
Seq. Cash & cash equivalent TTM Growth -11.35 % 34.15 % 28.91 % 16.39 % 30.17 %

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

On the trailing twelve months basis Current Liabilities decreased faster than Abraxas Petroleum's average Cash & cash equivalent, this led to increase in in Abraxas Petroleum's Quick Ratio to 1.11, above AXAS average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Oil And Gas Production industry 116 other companies have achieved higher Quick Ratio than Abraxas Petroleum. While Quick Ratio overall ranking has improved so far to 4694, from total ranking during the twelve months ending third quarter 2022 at 4878.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Oil And Gas Production Industry # 117
Energy Sector # 168
Within the Market # 4694


trailing twelve months Quick Ratio Statistics
High Average Low
1.13 0.07 0
(Dec 31 2022)   (Sep 30 2020)




Companies with similar Quick Ratio in the quarter ending Dec 31 2022, within Oil And Gas Production Industry Quick RatioDec 31 2022 MRQ Cash & cash equivalentDec 31 2022 MRQ Current Liabilities
Roth Ch Acquisition V Co   1.06 $ 0.688  Millions$ 0.646  Millions
Norris Industries Inc   1.00 $ 0.140  Millions$ 0.139  Millions
Ncs Multistage Holdings Inc   0.99 $ 16.234  Millions$ 16.419  Millions
Petrobras Petroleo Brasileiro Sa  0.95 $ 8,161.000  Millions$ 8,575.000  Millions
Atlas Energy Solutions Inc   0.95 $ 82.010  Millions$ 86.250  Millions
Matador Resources Company  0.88 $ 505.179  Millions$ 575.873  Millions
Phx Minerals Inc   0.86 $ 2.116  Millions$ 2.474  Millions
Viper Energy Inc   0.83 $ 18.179  Millions$ 21.946  Millions
Granite Ridge Resources Inc   0.79 $ 50.833  Millions$ 64.134  Millions
Zion Oil and Gas Inc  0.79 $ 3.114  Millions$ 3.946  Millions
Helix Energy Solutions Group inc   0.77 $ 189.111  Millions$ 247.041  Millions
Quantum Energy Inc   0.75 $ 10.032  Millions$ 13.304  Millions
Hnr Acquisition Corp  0.75 $ 2.016  Millions$ 2.697  Millions
Sm Energy Co  0.74 $ 444.998  Millions$ 598.584  Millions
Rpc inc   0.72 $ 126.424  Millions$ 176.224  Millions
Sitio Royalties Corp   0.68 $ 18.818  Millions$ 27.801  Millions
Pioneer Natural Resources Co  0.67 $ 1,032.000  Millions$ 1,550.000  Millions
Primeenergy Resources Corporation  0.65 $ 26.543  Millions$ 40.957  Millions
Woodside Energy Group Ltd  0.62 $ 6,274.000  Millions$ 10,045.000  Millions
Eqt Corporation  0.62 $ 1,458.644  Millions$ 2,338.733  Millions
Par Pacific Holdings Inc   0.59 $ 490.925  Millions$ 834.944  Millions
W and t Offshore inc   0.59 $ 465.774  Millions$ 792.334  Millions
Chord Energy Corporation  0.58 $ 593.151  Millions$ 1,029.509  Millions
Us Energy Corp  0.57 $ 4.518  Millions$ 7.991  Millions
Coterra Energy Inc   0.56 $ 673.000  Millions$ 1,206.000  Millions
Gran Tierra Energy Inc   0.53 $ 128.015  Millions$ 241.639  Millions
Aleanna Inc   0.51 $ 0.462  Millions$ 0.913  Millions
Totalenergies Se  0.48 $ 33,193.000  Millions$ 69,582.000  Millions
Eni Spa  0.47 $ 11,728.640  Millions$ 25,167.520  Millions
Expro Group Holdings N v   0.44 $ 214.788  Millions$ 488.695  Millions

Date modified: 2026-09-18T13:11:05+00:00



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