Nextier Oilfield Solutions Inc Quick Ratio (NEX) starting from the second quarter 2023 to second quarter 2022, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Nextier Oilfield Solutions Inc   (NYSE: NEX)
    Sector • Energy    Industry • Oil And Gas Production
   Industry • Oil And Gas Production
   Sector • Energy

Nextier Oilfield Solutions Inc 's Quick Ratio

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


Nextier Oilfield Solutions Inc 's Cash & cash equivalent grew by 41.95 % in the Q2 2023 sequentially, while Current Liabilities decreased, this led to improvement in Nextier Oilfield Solutions Inc 's Quick Ratio to 0.48, Quick Ratio remained below Nextier Oilfield Solutions Inc average.

Within Oil And Gas Production industry 45 other companies have achieved higher Quick Ratio than Nextier Oilfield Solutions Inc in second quarter 2023. While Quick Ratio total ranking in the second quarter 2023 has deteriorated compared to the prior quarter from 1440 to 3041.

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




NEX 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 4.88 % 24.65 % 17.31 % 40.49 % 115.99 %
Y / Y Cash & cash equivalent Change 96.14 % 118.97 % 97.37 % 84.62 % -36.86 %
Quick Ratio MRQ 0.48 0.32 0.39 0.39 0.26
NEX's Total Ranking # 3041 # 1440 # 3045 # 2945 # 2841
Seq. Current Liabilities Change -4.99 % 21.78 % -14.68 % 6.25 % 12.91 %
Seq. Cash & cash equivalent Change 41.95 % 0.01 % -12.68 % 58.22 % 58.47 %



Quick Ratio second quarter 2023 Company Ranking
Within: No.
Oil And Gas Production Industry # 46
Energy Sector # 70
Overall Market # 3041


Quick Ratio Statistics
High Average Low
1.62 0.6 0.18
(Jun 30 2020)   (Mar 31 2022)




Financial Statements
Nextier Oilfield Solutions Inc 's Current Liabilities $ 640 Millions Visit NEX's Balance sheet
Nextier Oilfield Solutions Inc 's Cash & cash equivalent $ 310 Millions Visit NEX's Balance sheet
Source of NEX's Sales Visit NEX's Sales by Geography


Cumulative Nextier Oilfield Solutions Inc 's Quick Ratio

NEX's Quick Ratio for the trailling 12 Months

NEX 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 20.71 % 41.54 % 60.96 % 87.67 % 117.44 %
Y / Y Cash & cash equivalent TTM Growth 97.83 % 41.73 % -5.43 % -33.72 % -54.3 %
Quick Ratio TTM 0.4 0.34 0.31 0.27 0.24
Total Ranking TTM # 4214 # 1880 # 524 # 4164 # 3705
Seq. Current Liabilities TTM Growth 1.2 % 5.66 % 3.59 % 8.97 % 18.66 %
Seq. Cash & cash equivalent TTM Growth 17.98 % 16.34 % 17.42 % 22.75 % -15.48 %


On the trailing twelve months basis NEX Cash & cash equivalent soared by 96.14 % in Q2 2023 year on year, faster than Current Liabilities, this led to increase in in Nextier Oilfield Solutions Inc 's Quick Ratio to 0.4, Quick Ratio remained below NEX average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Oil And Gas Production industry 113 other companies have achieved higher Quick Ratio than Nextier Oilfield Solutions Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2023 from 1880 to 4214.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Oil And Gas Production Industry # 114
Energy Sector # 161
Within the Market # 4214


trailing twelve months Quick Ratio Statistics
High Average Low
1.35 0.58 0.24
(Mar 31 2021)   (Jun 30 2022)




Companies with similar Quick Ratio in the quarter ending Jun 30 2023, within Oil And Gas Production Industry Quick RatioJun 30 2023 MRQ Cash & cash equivalentJun 30 2023 MRQ Current Liabilities
Roth Ch Acquisition V Co   1.27 $ 0.873  Millions$ 0.685  Millions
Verde Bio Holdings Inc   1.20 $ 0.200  Millions$ 0.166  Millions
Spindletop Oil and Gas Co   1.04 $ 6.803  Millions$ 6.512  Millions
Evolution Petroleum Corp  0.90 $ 11.034  Millions$ 12.283  Millions
Coterra Energy Inc   0.89 $ 841.000  Millions$ 941.000  Millions
W and t Offshore inc   0.84 $ 176.044  Millions$ 209.227  Millions
Ncs Multistage Holdings Inc   0.83 $ 13.746  Millions$ 16.612  Millions
Tellurian Inc   0.80 $ 106.706  Millions$ 133.763  Millions
California Resources Corp  0.77 $ 448.000  Millions$ 582.000  Millions
Rpc inc   0.73 $ 100.535  Millions$ 137.099  Millions
Eqt Corporation  0.72 $ 1,215.492  Millions$ 1,697.602  Millions
Phx Minerals Inc   0.69 $ 1.268  Millions$ 1.840  Millions
Sm Energy Co  0.67 $ 378.238  Millions$ 563.988  Millions
Dawson Geophysical Company  0.65 $ 18.352  Millions$ 28.384  Millions
Zion Oil and Gas Inc  0.63 $ 1.558  Millions$ 2.488  Millions
Petrobras Petroleo Brasileiro Sa  0.57 $ 10,554.000  Millions$ 18,437.000  Millions
Helix Energy Solutions Group inc   0.56 $ 182.651  Millions$ 327.045  Millions
Nine Energy Service Inc   0.56 $ 41.122  Millions$ 73.752  Millions
Expand Energy Corporation  0.55 $ 903.000  Millions$ 1,651.000  Millions
Klx Energy Services Holdings Inc   0.50 $ 82.100  Millions$ 162.600  Millions
Viper Energy Inc   0.49 $ 13.079  Millions$ 26.495  Millions
Nextier Oilfield Solutions Inc   0.48 $ 310.166  Millions$ 640.176  Millions
Woodside Energy Group Ltd  0.48 $ 3,587.000  Millions$ 7,497.000  Millions
Eni Spa  0.43 $ 11,931.360  Millions$ 27,593.440  Millions
Expro Group Holdings N v   0.41 $ 178.908  Millions$ 440.897  Millions
Sustainable Projects Group Inc   0.40 $ 0.630  Millions$ 1.588  Millions
Geopark Limited  0.39 $ 188.403  Millions$ 488.453  Millions
Vista Energy S a b De C v   0.38 $ 213.253  Millions$ 558.965  Millions
Cenovus Energy Inc   0.37 $ 2,024.538  Millions$ 5,444.728  Millions
Murphy Oil Corporation  0.36 $ 369.355  Millions$ 1,034.508  Millions

Date modified: 2026-09-26T07:30:30+00:00



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