Holly Energy Partners Lp's Cash & cash equivalent grew by 43.06 % in the Q3 2023 sequentially, faster than Current Liabilities, this led to improvement in Holly Energy Partners Lp's Quick Ratio to 0.11, Quick Ratio remained below Holly Energy Partners Lp average.

Within Natural Gas Utilities industry 18 other companies have achieved higher Quick Ratio than Holly Energy Partners Lp in third quarter 2023. While Quick Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 1956 to 3660.

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HEP 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	14.96 %	7.25 %	-0.97 %	11.67 %	29.31 %
Y / Y Cash & cash equivalent Change	-27.83 %	-47.29 %	-52.68 %	-24.09 %	21.34 %
Quick Ratio MRQ	0.11	0.09	0.09	0.13	0.17
HEP's Total Ranking	# 3660	# 1956	#	#	#
Seq. Current Liabilities Change	17.73 %	17.77 %	-10.71 %	-7.14 %	9.84 %
Seq. Cash & cash equivalent Change	43.06 %	10.42 %	-34.92 %	-29.8 %	4.48 %

Quick Ratio third quarter 2023 Company Ranking
Within:	No.
Natural Gas Utilities Industry	# 19
Utilities Sector	# 52
Overall Market	# 3660

Quick Ratio Statistics
High	Average	Low
0.35	0.18	0.04
(Mar 31 2020)		(Sep 30 2014)

Financial Statements
Holly Energy Partners Lp's Current Liabilities	$ 106 Millions	Visit HEP's Balance sheet
Holly Energy Partners Lp's Cash & cash equivalent	$ 11 Millions	Visit HEP's Balance sheet
Source of HEP's Sales		Visit HEP's Sales by Geography

Cumulative Holly Energy Partners Lp's Quick Ratio

HEP's Quick Ratio for the trailling 12 Months

HEP 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	8.51 %	11.38 %	12.91 %	15.27 %	11.14 %
Y / Y Cash & cash equivalent TTM Growth	-38.01 %	-27.46 %	-21.56 %	-15.25 %	-19.28 %
Quick Ratio TTM	0.1	0.12	0.14	0.17	0.18
Total Ranking TTM	# 4057	# 3645	#	#	#
Seq. Current Liabilities TTM Growth	4.01 %	1.8 %	-0.22 %	2.71 %	6.76 %
Seq. Cash & cash equivalent TTM Growth	-10.45 %	-14.53 %	-14.03 %	-5.79 %	4.79 %

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

On the trailing twelve months basis Due to increase in Current Liabilities in the Q3 2023 to $106.25 millions, cumulative Quick Ratio decreased to 0.1 below the Holly Energy Partners Lp average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Natural Gas Utilities industry 42 other companies have achieved higher Quick Ratio than Holly Energy Partners Lp. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2023 from 3645 to 4057.

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How much Cash & cash equivalents HEP�s has?
What are HEP�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Natural Gas Utilities Industry	# 43
Utilities Sector	# 111
Within the Market	# 4057

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.31	0.19	0.09
(Dec 31 2020)		(March 31, 2015)

Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Natural Gas Utilities Industry	Quick Ratio	Sep 30 2023 MRQ Cash & cash equivalent	Sep 30 2023 MRQ Current Liabilities
Northwest Natural Holding Company	0.27	$ 156.616 Millions	$ 590.057 Millions
Ultrapar Holdings Inc	0.24	$ 1,256.516 Millions	$ 5,294.015 Millions
Transmontaigne Partners llc	0.13	$ 9.746 Millions	$ 77.503 Millions
Summit Midstream Partners Lp	0.12	$ 17.097 Millions	$ 142.601 Millions
Enbridge Inc	0.12	$ 1,926.856 Millions	$ 16,536.171 Millions
Ugi Corporation	0.11	$ 241.000 Millions	$ 2,274.000 Millions
Holly Energy Partners Lp	0.11	$ 11.223 Millions	$ 106.252 Millions
Southwest Gas Holdings Inc	0.10	$ 104.939 Millions	$ 1,052.529 Millions
New Fortress Energy Inc	0.10	$ 171.329 Millions	$ 1,768.907 Millions
Nextdecade Corporation	0.09	$ 50.847 Millions	$ 550.667 Millions
Enlink Midstream Llc	0.09	$ 48.100 Millions	$ 531.100 Millions
Oneok Inc	0.09	$ 284.000 Millions	$ 3,298.000 Millions
Brookfield Infrastructure Corporation	0.08	$ 539.000 Millions	$ 6,359.000 Millions
Dt Midstream Inc	0.07	$ 30.000 Millions	$ 424.000 Millions
National Fuel Gas Company	0.07	$ 55.447 Millions	$ 806.312 Millions
Delek Logistics Partners Lp	0.05	$ 4.182 Millions	$ 77.312 Millions
Targa Resources Corp	0.05	$ 139.500 Millions	$ 2,682.100 Millions
Crestwood Equity Partners Lp	0.05	$ 23.800 Millions	$ 458.100 Millions
Clean Energy Technologies Inc	0.05	$ 0.264 Millions	$ 5.628 Millions
Plains Gp Holdings Lp	0.05	$ 262.000 Millions	$ 5,608.000 Millions
Plains All American Pipeline Lp	0.05	$ 260.000 Millions	$ 5,606.000 Millions
Kodiak Gas Services Inc	0.04	$ 6.128 Millions	$ 151.283 Millions
Enterprise Products Partners L p	0.03	$ 314.000 Millions	$ 12,475.000 Millions

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

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