Magellan Midstream Partners L P Quick Ratio (MMP) starting from the second quarter 2023 to second quarter 2022, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Magellan Midstream Partners L p   (NYSE: MMP)
    Sector • Utilities    Industry • Natural Gas Utilities
   Industry • Natural Gas Utilities
   Sector • Utilities

Magellan Midstream Partners L P 's Quick Ratio

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


Magellan Midstream Partners L P 's Cash & cash equivalent grew by 1635.14 % in the Q2 2023 sequentially, faster than Current Liabilities, this led to improvement in Magellan Midstream Partners L P 's Quick Ratio to 0.19, above Magellan Midstream Partners L p average Quick Ratio.

Within Natural Gas Utilities industry 19 other companies have achieved higher Quick Ratio than Magellan Midstream Partners L P in second quarter 2023. While Quick Ratio total ranking has improved so far during the Q2 2023 to 3922, from total ranking in the first quarter 2023 at 4607.

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



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MMP Quick Ratio (Jun 30 2023)
Q2		 (Mar 31 2023)
Q1		 (Dec 31 2022)
Q4		 (Sep 30 2022)
Q3		 (Jun 30 2022)
Q2
Y / Y Current Liabilities Change -1.12 % -2.78 % 6.75 % 9.05 % 7.29 %
Y / Y Cash & cash equivalent Change 2691.3 % 60.87 % 0 % -35.68 % -98.22 %
Quick Ratio MRQ 0.19 0.01 0 0.01 0.01
MMP's Total Ranking # 3922 # 4607 # 1594 # 4873 # 4300
Seq. Current Liabilities Change 10.19 % -14.8 % 1.21 % 4.07 % 8.34 %
Seq. Cash & cash equivalent Change 1635.14 % 270 % -75.31 % 76.09 % 0 %



Quick Ratio second quarter 2023 Company Ranking
Within: No.
Natural Gas Utilities Industry # 20
Utilities Sector # 52
Overall Market # 3922


Quick Ratio Statistics
High Average Low
0.84 0.16 0
(Dec 31 2012)   (Sep 30 2017)




Financial Statements
Magellan Midstream Partners L P 's Current Liabilities $ 681 Millions Visit MMP's Balance sheet
Magellan Midstream Partners L P 's Cash & cash equivalent $ 128 Millions Visit MMP's Balance sheet
Source of MMP's Sales Visit MMP's Sales by Geography


Cumulative Magellan Midstream Partners L P 's Quick Ratio

MMP's Quick Ratio for the trailling 12 Months

MMP Quick Ratio

 (Jun 30 2023)
12 Months		 (Mar 31 2023)
12 Months		 (Dec 31 2022)
12 Months		 (Sep 30 2022)
12 Months		 (Jun 30 2022)
12 Months
Y / Y Current Liabilities TTM Growth 3.01 % 5.14 % 8.95 % 23.36 % 27.96 %
Y / Y Cash & cash equivalent TTM Growth 513.21 % -92.03 % -93.02 % -93.29 % -91.61 %
Quick Ratio TTM 0.05 0.01 0.01 0.01 0.01
Total Ranking TTM # 4278 # 4067 # 2208 # 4106 # 4214
Seq. Current Liabilities TTM Growth -0.28 % -0.64 % 1.69 % 2.24 % 1.79 %
Seq. Cash & cash equivalent TTM Growth 560.18 % 14.51 % 0 % -18.88 % -91.42 %

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

On the trailing twelve months basis MMP Cash & cash equivalent more than doubled by 2691.3 % in Q2 2023 year on year, while Current Liabilities increased to $681 millions, this led to increase in in Magellan Midstream Partners L P 's Quick Ratio to 0.05, Quick Ratio remained below MMP average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Natural Gas Utilities industry 43 other companies have achieved higher Quick Ratio than Magellan Midstream Partners L P . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2023 from 4067 to 4278.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Natural Gas Utilities Industry # 44
Utilities Sector # 119
Within the Market # 4278


trailing twelve months Quick Ratio Statistics
High Average Low
0.22 0.11 0.01
(Mar 31 2017)   (Dec 31 2022)




Companies with similar Quick Ratio in the quarter ending Jun 30 2023, within Natural Gas Utilities Industry Quick RatioJun 30 2023 MRQ Cash & cash equivalentJun 30 2023 MRQ Current Liabilities
Equitrans Midstream Corporation  0.42 $ 107.072  Millions$ 252.080  Millions
Western Midstream Partners Lp  0.34 $ 213.953  Millions$ 621.544  Millions
Kodiak Gas Services Inc   0.33 $ 41.371  Millions$ 123.540  Millions
Opal Fuels Inc   0.33 $ 38.550  Millions$ 115.263  Millions
Northwest Natural Holding Company  0.24 $ 137.759  Millions$ 570.933  Millions
Ultrapar Holdings Inc   0.24 $ 1,256.516  Millions$ 5,294.015  Millions
Southwest Gas Holdings Inc   0.21 $ 221.367  Millions$ 1,057.408  Millions
Plains Gp Holdings Lp  0.20 $ 936.000  Millions$ 4,654.000  Millions
Plains All American Pipeline Lp  0.20 $ 933.000  Millions$ 4,652.000  Millions
Magellan Midstream Partners L p   0.19 $ 128.400  Millions$ 681.100  Millions
Delek Logistics Partners Lp  0.16 $ 7.715  Millions$ 48.276  Millions
Clean Energy Technologies Inc   0.15 $ 0.733  Millions$ 4.920  Millions
Transmontaigne Partners llc  0.13 $ 9.808  Millions$ 75.320  Millions
Ugi Corporation  0.12 $ 260.000  Millions$ 2,083.000  Millions
Enterprise Products Partners L p   0.12 $ 277.000  Millions$ 2,222.000  Millions
Dt Midstream Inc   0.12 $ 45.000  Millions$ 361.000  Millions
Summit Midstream Partners Lp  0.12 $ 13.613  Millions$ 110.043  Millions
Enlink Midstream Llc  0.11 $ 54.800  Millions$ 487.100  Millions
Williams companies inc   0.10 $ 551.000  Millions$ 5,384.000  Millions
Kinder Morgan Inc   0.09 $ 520.000  Millions$ 5,603.000  Millions
Holly Energy Partners Lp  0.09 $ 7.845  Millions$ 90.249  Millions
National Fuel Gas Company  0.08 $ 53.415  Millions$ 665.700  Millions
Enbridge Inc   0.07 $ 788.980  Millions$ 10,743.150  Millions
Targa Resources Corp   0.07 $ 169.400  Millions$ 2,320.600  Millions
Oneok Inc   0.07 $ 106.000  Millions$ 1,517.000  Millions
Atmos Energy Corp  0.05 $ 56.237  Millions$ 1,034.321  Millions
New Fortress Energy Inc   0.05 $ 104.342  Millions$ 1,934.439  Millions
Brookfield Infrastructure Corporation  0.05 $ 356.000  Millions$ 7,115.000  Millions

Date modified: 2026-09-08T15:22:11+00:00



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