Forbes Energy Services Ltd Quick Ratio (FES) starting from the first quarter 2020 to first quarter 2019, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Forbes Energy Services Ltd   (FES)
    Sector • Energy    Industry • Oil And Gas Production
   Industry • Oil And Gas Production
   Sector • Energy

Forbes Energy Services Ltd 's Quick Ratio

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


Forbes Energy Services Ltd 's Cash & cash equivalent grew by 54.29 % in the Q1 2020 sequentially, faster than Current Liabilities, this led to improvement in Forbes Energy Services Ltd 's Quick Ratio to 0.08, Quick Ratio remained below Forbes Energy Services Ltd average.

Within Oil And Gas Production industry 99 other companies have achieved higher Quick Ratio than Forbes Energy Services Ltd in first quarter 2020. While Quick Ratio total ranking in the first quarter 2020 has deteriorated compared to the prior quarter from 3916 to 4386.

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



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FES Quick Ratio (Mar 31 2020)
Q1		 (Dec 31 2019)
Q4		 (Sep 30 2019)
Q3		 (Jun 30 2019)
Q2		 (Mar 31 2019)
Q1
Y / Y Current Liabilities Change 154.17 % 5.52 % 185.5 % 231.63 % 33.33 %
Y / Y Cash & cash equivalent Change 259.41 % -35.05 % -70.26 % -95.6 % -93.15 %
Quick Ratio MRQ 0.08 0.05 0.07 0.01 0.06
FES's Total Ranking # 4386 # 3916 # 3387 # 4583 # 3661
Seq. Current Liabilities Change 1.53 % 10.91 % 3.13 % 118.86 % -57.85 %
Seq. Cash & cash equivalent Change 54.29 % -16.46 % 474.89 % -51.5 % -72.12 %



Quick Ratio first quarter 2020 Company Ranking
Within: No.
Oil And Gas Production Industry # 100
Energy Sector # 152
Overall Market # 4386


Quick Ratio Statistics
High Average Low
2.37 0.73 0.01
(Jun 30 2017)   (Jun 30 2019)




Financial Statements
Forbes Energy Services Ltd 's Current Liabilities $ 100 Millions Visit FES's Balance sheet
Forbes Energy Services Ltd 's Cash & cash equivalent $ 8 Millions Visit FES's Balance sheet
Source of FES's Sales Visit FES's Sales by Geography


Cumulative Forbes Energy Services Ltd 's Quick Ratio

FES's Quick Ratio for the trailling 12 Months

FES Quick Ratio

 (Mar 31 2020)
12 Months		 (Dec 31 2019)
12 Months		 (Sep 30 2019)
12 Months		 (Jun 30 2019)
12 Months		 (Mar 31 2019)
12 Months
Y / Y Current Liabilities TTM Growth 96.79 % 73.83 % 170.56 % 148.7 % 98.46 %
Y / Y Cash & cash equivalent TTM Growth -63.2 % -82.89 % -84.46 % -75.73 % -64.57 %
Quick Ratio TTM 0.06 0.05 0.06 0.13 0.3
Total Ranking TTM # 4843 # 5112 # 5107 # 3159 # 1958
Seq. Current Liabilities TTM Growth 19.39 % 1.68 % 23.09 % 31.7 % 5.47 %
Seq. Cash & cash equivalent TTM Growth 39.29 % -16 % -45.59 % -42.2 % -35.22 %

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

On the trailing twelve months basis FES Cash & cash equivalent more than doubled by 259.41 % in Q1 2020 year on year, faster than Current Liabilities, this led to increase in in Forbes Energy Services Ltd 's Quick Ratio to 0.06, Quick Ratio remained below FES average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Oil And Gas Production industry 146 other companies have achieved higher Quick Ratio than Forbes Energy Services Ltd . While Quick Ratio overall ranking has improved so far to 4843, from total ranking during the twelve months ending fourth quarter 2019 at 5112.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Oil And Gas Production Industry # 147
Energy Sector # 207
Within the Market # 4843


trailing twelve months Quick Ratio Statistics
High Average Low
1.68 0.63 0.05
(Dec 31 2017)   (Dec 31 2019)




Companies with similar Quick Ratio in the quarter ending Mar 31 2020, within Oil And Gas Production Industry Quick RatioMar 31 2020 MRQ Cash & cash equivalentMar 31 2020 MRQ Current Liabilities
Ecopetrol S a   0.22 $ 2,317.220  Millions$ 10,658.069  Millions
Petrochina Co Ltd  0.21 $ 19,095.170  Millions$ 89,904.573  Millions
Mammoth Energy Services Inc   0.20 $ 13.180  Millions$ 64.436  Millions
Liberty Energy Inc   0.20 $ 56.531  Millions$ 283.268  Millions
Cnooc Ltd  0.19 $ 3,681.000  Millions$ 19,159.000  Millions
Viking Energy Group Inc   0.19 $ 6.265  Millions$ 32.744  Millions
Occidental Petroleum Corporation  0.19 $ 2,263.000  Millions$ 11,963.000  Millions
Eni Spa  0.16 $ 6,945.022  Millions$ 42,225.870  Millions
Ranger Energy Services inc   0.16 $ 11.400  Millions$ 71.000  Millions
Tetra Technologies Inc   0.15 $ 29.473  Millions$ 195.196  Millions
Whiting Petroleum Corp  0.15 $ 566.273  Millions$ 3,845.139  Millions
Laredo Oil Inc   0.14 $ 0.357  Millions$ 2.493  Millions
Cimarex Energy Co  0.14 $ 88.706  Millions$ 625.099  Millions
California Resources Corp  0.14 $ 77.000  Millions$ 543.000  Millions
Chaparral Energy Inc   0.13 $ 13.291  Millions$ 100.379  Millions
Core Laboratories Inc   0.13 $ 13.890  Millions$ 108.447  Millions
Basic Energy Services Inc   0.12 $ 21.077  Millions$ 173.434  Millions
Gulfslope Energy Inc   0.12 $ 2.816  Millions$ 24.285  Millions
Diamondback Energy Inc   0.11 $ 149.000  Millions$ 1,330.000  Millions
Qep Resources Inc   0.11 $ 70.300  Millions$ 642.900  Millions
Sandridge Energy Inc   0.10 $ 7.741  Millions$ 78.013  Millions
Pdc Energy Inc   0.10 $ 61.244  Millions$ 617.441  Millions
Deep Well Oil and Gas Inc  0.10 $ 0.011  Millions$ 0.114  Millions
Correlate Infrastructure Partners Inc   0.09 $ 0.020  Millions$ 0.217  Millions
Primeenergy Resources Corporation  0.09 $ 6.215  Millions$ 69.921  Millions
Par Pacific Holdings Inc   0.09 $ 62.080  Millions$ 727.875  Millions
Forbes Energy Services Ltd   0.08 $ 8.173  Millions$ 100.182  Millions
U.s. Well Services Inc.  0.08 $ 9.068  Millions$ 111.416  Millions
Matador Resources Company  0.08 $ 27.063  Millions$ 359.898  Millions
Wpx Energy Inc   0.07 $ 61.000  Millions$ 862.000  Millions

Date modified: 2026-09-26T07:05:07+00:00



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