Petrolia Energy Quick Ratio (BBLS) starting from the third quarter 2023 to third quarter 2022, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Petrolia Energy Corporation  (BBLS)
    Sector • Energy    Industry • Oil And Gas Production
   Industry • Oil And Gas Production
   Sector • Energy

Petrolia Energy's Quick Ratio

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


Regardless of the sequential decrease in Current Liabilities, during the third quarter 2023, Quick Ratio deteriorated to 0.07 below Petrolia Energy's average Quick Ratio.

Within Oil And Gas Production industry 89 other companies have achieved higher Quick Ratio than Petrolia Energy in third quarter 2023. While Quick Ratio total ranking has improved so far during the Q3 2023 to 4484, from total ranking in the second quarter 2023 at 5109.

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




BBLS Quick Ratio (Sep 30 2023)
Q3
(Jun 30 2023)
Q2
(Mar 31 2023)
Q1
(Dec 31 2022)
Q4
(Sep 30 2022)
Q3
Y / Y Current Liabilities Change -4.55 % 22.2 % 43.17 % 28.6 % 28.85 %
Y / Y Cash & cash equivalent Change -63.9 % -12.13 % 863.38 % 10008.76 % 4599.75 %
Quick Ratio MRQ 0.07 0.09 0.11 0.15 0.17
BBLS's Total Ranking # 4484 # 5109 # 4155 # 4078 # 3949
Seq. Current Liabilities Change -10.96 % 4.41 % 3.07 % -0.38 % 14 %
Seq. Cash & cash equivalent Change -36.88 % -8.55 % -28.94 % -11.98 % 53.61 %



Quick Ratio third quarter 2023 Company Ranking
Within: No.
Oil And Gas Production Industry # 90
Energy Sector # 136
Overall Market # 4484


Quick Ratio Statistics
High Average Low
54.86 2.21 0
(Sep 30 2012)   (Mar 31 2017)




Financial Statements
Petrolia Energy's Current Liabilities $ 9 Millions Visit BBLS's Balance sheet
Petrolia Energy's Cash & cash equivalent $ 1 Millions Visit BBLS's Balance sheet
Source of BBLS's Sales Visit BBLS's Sales by Geography


Cumulative Petrolia Energy's Quick Ratio

BBLS's Quick Ratio for the trailling 12 Months

BBLS Quick Ratio

(Sep 30 2023)
12 Months
(Jun 30 2023)
12 Months
(Mar 31 2023)
12 Months
(Dec 31 2022)
12 Months
(Sep 30 2022)
12 Months
Y / Y Current Liabilities TTM Growth 20.2 % 30.2 % 28.55 % 20.92 % 4.72 %
Y / Y Cash & cash equivalent TTM Growth 41.41 % 312.62 % 2651.57 % 2249.81 % 773.23 %
Quick Ratio TTM 0.11 0.13 0.14 0.13 0.09
Total Ranking TTM # 4069 # 4060 # 3407 # 4458 # 4045
Seq. Current Liabilities TTM Growth -1.11 % 4.99 % 8.62 % 6.58 % 7.12 %
Seq. Cash & cash equivalent TTM Growth -20.76 % -2.5 % 21.59 % 50.53 % 131.21 %


On the trailing twelve months basis In spite of the year on year decrease in BBLS's Current Liabilities to $8.86 millions, cumulative Quick Ratio to 0.11 below the BBLS average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Oil And Gas Production industry 112 other companies have achieved higher Quick Ratio than Petrolia Energy. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2023 from 4060 to 4069.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Oil And Gas Production Industry # 113
Energy Sector # 157
Within the Market # 4069


trailing twelve months Quick Ratio Statistics
High Average Low
1.32 0.12 0
(June 30. 2014)   (Jun 30 2019)




Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Oil And Gas Production Industry Quick RatioSep 30 2023 MRQ Cash & cash equivalentSep 30 2023 MRQ Current Liabilities
Us Energy Corp  0.18 $ 2.135  Millions$ 11.925  Millions
Vermilion Energy inc   0.15 $ 108.355  Millions$ 700.135  Millions
Roth Ch Acquisition V Co   0.14 $ 0.113  Millions$ 0.785  Millions
Enerplus Corporation  0.14 $ 66.731  Millions$ 466.270  Millions
Riley Exploration Permian Inc   0.13 $ 10.366  Millions$ 78.653  Millions
National Energy Services Reunited Corp   0.13 $ 67.821  Millions$ 533.447  Millions
Select Water Solutions inc   0.11 $ 25.043  Millions$ 220.669  Millions
Ranger Energy Services inc   0.10 $ 8.200  Millions$ 79.600  Millions
Txo Partners L p   0.10 $ 5.891  Millions$ 60.670  Millions
Canadian Natural Resources Limited  0.09 $ 671.782  Millions$ 7,521.354  Millions
Granite Ridge Resources Inc   0.09 $ 6.117  Millions$ 69.830  Millions
Hnr Acquisition Corp  0.08 $ 0.639  Millions$ 7.650  Millions
Mammoth Energy Services Inc   0.08 $ 10.527  Millions$ 126.318  Millions
Berry Corporation bry   0.08 $ 17.200  Millions$ 220.062  Millions
Amplify Energy Corp   0.07 $ 6.387  Millions$ 87.058  Millions
Occidental Petroleum Corporation  0.07 $ 611.000  Millions$ 8,629.000  Millions
Trillion Energy International Inc   0.07 $ 1.188  Millions$ 17.795  Millions
Petrolia Energy Corporation  0.07 $ 0.585  Millions$ 8.855  Millions
Marathon Oil Corporation  0.06 $ 174.000  Millions$ 2,906.000  Millions
Sitio Royalties Corp   0.06 $ 1.339  Millions$ 23.289  Millions
Sable Offshore Corp   0.05 $ 0.709  Millions$ 13.021  Millions
Camber Energy Inc   0.05 $ 1.443  Millions$ 27.397  Millions
Civitas Resources inc   0.05 $ 95.324  Millions$ 2,019.466  Millions
Matador Resources Company  0.05 $ 25.935  Millions$ 570.957  Millions
Enservco Corporation  0.04 $ 0.300  Millions$ 7.497  Millions
Apa Corporation  0.04 $ 95.000  Millions$ 2,635.000  Millions
Profrac Holding Corp   0.04 $ 25.100  Millions$ 703.600  Millions
Eqt Corporation  0.04 $ 64.750  Millions$ 1,844.260  Millions
Liberty Energy Inc   0.03 $ 26.603  Millions$ 793.809  Millions
Comstock Resources Inc   0.03 $ 19.835  Millions$ 607.230  Millions

Date modified: 2026-09-26T07:20:46+00:00



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