Equitrans Midstream Quick Ratio (ETRN) starting from the second quarter 2024 to second quarter 2023, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Equitrans Midstream Corporation  (NYSE: ETRN)
    Sector • Utilities    Industry • Natural Gas Utilities
   Industry • Natural Gas Utilities
   Sector • Utilities

Equitrans Midstream's Quick Ratio

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


Equitrans Midstream's Cash & cash equivalent grew by 176.64 % in the Q2 2024 sequentially, faster than Current Liabilities, this led to improvement in Equitrans Midstream's Quick Ratio to 0.24, Quick Ratio remained below Equitrans Midstream Corporation average.

Within Natural Gas Utilities industry 12 other companies have achieved higher Quick Ratio than Equitrans Midstream in second quarter 2024. While Quick Ratio total ranking in the second quarter 2024 has deteriorated compared to the prior quarter from 435 to 3126.

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




ETRN Quick Ratio (Jun 30 2024)
Q2
(Mar 31 2024)
Q1
(Dec 31 2023)
Q4
(Sep 30 2023)
Q3
(Jun 30 2023)
Q2
Y / Y Current Liabilities Change 133.43 % 88.27 % 58.81 % 4.82 % -0.85 %
Y / Y Cash & cash equivalent Change 32.51 % -2.3 % 281.27 % 275.74 % -6.5 %
Quick Ratio MRQ 0.24 0.1 0.43 0.34 0.42
ETRN's Total Ranking # 3126 # 435 # 2584 # 2647 # 49
Seq. Current Liabilities Change 11.15 % -12.04 % 14.77 % 108.02 % -10.35 %
Seq. Cash & cash equivalent Change 176.64 % -80.19 % 43.34 % 68.68 % 103.96 %



Quick Ratio second quarter 2024 Company Ranking
Within: No.
Natural Gas Utilities Industry # 13
Utilities Sector # 42
Overall Market # 3126


Quick Ratio Statistics
High Average Low
0.92 0.39 0.08
(Sep 30 2021)   (Jun 30 2019)




Financial Statements
Equitrans Midstream's Current Liabilities $ 588 Millions Visit ETRN's Balance sheet
Equitrans Midstream's Cash & cash equivalent $ 142 Millions Visit ETRN's Balance sheet
Source of ETRN's Sales Visit ETRN's Sales by Geography


Cumulative Equitrans Midstream's Quick Ratio

ETRN's Quick Ratio for the trailling 12 Months

ETRN Quick Ratio

(Jun 30 2024)
12 Months
(Mar 31 2024)
12 Months
(Dec 31 2023)
12 Months
(Sep 30 2023)
12 Months
(Jun 30 2023)
12 Months
Y / Y Current Liabilities TTM Growth 58.87 % 34.85 % 27.45 % 17.9 % 52.18 %
Y / Y Cash & cash equivalent TTM Growth 129.61 % 111.27 % 120.17 % 20.43 % -43.19 %
Quick Ratio TTM 0.28 0.31 0.36 0.28 0.2
Total Ranking TTM # 4190 # 3655 # 3010 # 2846 # 4001
Seq. Current Liabilities TTM Growth 17.63 % 14.96 % 15.51 % 1.71 % -0.15 %
Seq. Cash & cash equivalent TTM Growth 5.82 % -0.2 % 46.8 % 48.1 % -2.63 %


On the trailing twelve months basis Due to increase in Current Liabilities in the Q2 2024 to $588.42 millions, cumulative Quick Ratio decreased to 0.28 below the Equitrans Midstream Corporation average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Natural Gas Utilities industry 45 other companies have achieved higher Quick Ratio than Equitrans Midstream. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2024 from 3655 to 4190.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Natural Gas Utilities Industry # 46
Utilities Sector # 130
Within the Market # 4190


trailing twelve months Quick Ratio Statistics
High Average Low
0.49 0.28 0.15
(Dec 31 2021)   (Dec 31 2019)




Companies with similar Quick Ratio in the quarter ending Jun 30 2024, within Natural Gas Utilities Industry Quick RatioJun 30 2024 MRQ Cash & cash equivalentJun 30 2024 MRQ Current Liabilities
Mplx Lp  0.59 $ 2,501.000  Millions$ 4,226.000  Millions
Southwest Gas Holdings Inc   0.55 $ 599.639  Millions$ 1,096.154  Millions
Western Midstream Partners Lp  0.54 $ 344.119  Millions$ 634.120  Millions
Opal Fuels Inc   0.34 $ 27.601  Millions$ 81.086  Millions
Hf Sinclair Corporation  0.32 $ 866.274  Millions$ 2,670.500  Millions
Equitrans Midstream Corporation  0.24 $ 141.879  Millions$ 588.420  Millions
Dt Midstream Inc   0.24 $ 73.000  Millions$ 306.000  Millions
South Bow Corporation  0.23 $ 397.000  Millions$ 1,761.000  Millions
Cheniere Energy Partners L p   0.22 $ 419.000  Millions$ 1,886.000  Millions
Enbridge Inc   0.22 $ 2,746.876  Millions$ 12,508.780  Millions
Ultrapar Holdings Inc   0.21 $ 422.469  Millions$ 1,993.708  Millions
Brookfield Infrastructure Corporation  0.19 $ 1,675.000  Millions$ 8,613.000  Millions
Transmontaigne Partners llc  0.16 $ 12.741  Millions$ 80.837  Millions
National Fuel Gas Company  0.16 $ 81.414  Millions$ 516.638  Millions
Northwest Natural Holding Company  0.15 $ 65.192  Millions$ 435.540  Millions
Gas Transporter Of The South Inc   0.12 $ 1,565.613  Millions$ 13,108.217  Millions
Plains Gp Holdings Lp  0.10 $ 556.000  Millions$ 5,398.000  Millions
Plains All American Pipeline Lp  0.10 $ 553.000  Millions$ 5,406.000  Millions
Centuri Holdings Inc   0.10 $ 30.919  Millions$ 306.151  Millions
Ugi Corporation  0.10 $ 183.000  Millions$ 1,886.000  Millions
New Fortress Energy Inc   0.09 $ 132.960  Millions$ 1,443.927  Millions
Clean Energy Technologies Inc   0.09 $ 0.388  Millions$ 4.537  Millions
Delek Logistics Partners Lp  0.08 $ 5.111  Millions$ 63.994  Millions
Nextdecade Corporation  0.08 $ 38.142  Millions$ 499.555  Millions
Tc Energy Corporation  0.08 $ 613.566  Millions$ 8,051.426  Millions
Targa Resources Corp   0.06 $ 166.400  Millions$ 2,890.600  Millions

Date modified: 2026-09-12T06:23:51+00:00



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