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Northern Oil And Gas Inc   (NOG)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy

Northern Oil And Gas Inc 's Quick Ratio

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


Northern Oil And Gas Inc 's Cash & cash equivalent grew by 95.25 % in the IV Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Northern Oil And Gas Inc 's Quick Ratio to 0.07, Quick Ratio remained below Northern Oil And Gas Inc average.

Within Oil And Gas Production industry 29 other companies have achieved higher Quick Ratio than Northern Oil And Gas Inc in forth quarter 2023. While Quick Ratio total ranking has improved so far during the IV Quarter 2023 to 1288, from total ranking in the third quarter 2023 at 1388.

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


NOG Quick Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change 11.82 % 57.83 % -40.44 % -44.8 % 5.32 %
Y / Y Cash & cash equivalent Change -44.45 % -65.58 % 183.17 % 82.1 % -9.25 %
Quick Ratio MRQ 0.07 0.02 0.14 0.02 0.13
NOG's Total Ranking # 1288 # 1388 # 2241 # 4474 # 1658
Seq. Current Liabilities Change -35.97 % 59.07 % 9.69 % 0.1 % -9.63 %
Seq. Cash & cash equivalent Change 95.25 % -75.24 % 761.27 % -86.66 % 20.99 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
Oil And Gas Production Industry # 30
Energy Sector # 50
Overall Market # 1288


Quick Ratio Statistics
High Average Low
1.27 0.12 0.01
(Jun 30 2018)   (Mar 31 2022)




Financial Statements
Northern Oil And Gas Inc 's Current Liabilities $ 386 Millions Visit NOG's Balance sheet
Northern Oil And Gas Inc 's Cash & cash equivalent $ 25 Millions Visit NOG's Balance sheet
Source of NOG's Sales Visit NOG's Sales by Geography


Cumulative Northern Oil And Gas Inc 's Quick Ratio

NOG's Quick Ratio for the trailling 12 Months

NOG Quick Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth 11.82 % 57.83 % -40.44 % -44.8 % 5.32 %
Y / Y Cash & cash equivalent TTM Growth -44.45 % -65.58 % 183.17 % 82.1 % -9.25 %
Quick Ratio TTM 0.06 0.07 0.1 0.06 0.05
Total Ranking TTM # 1898 # 3319 # 3358 # 3777 # 4488
Seq. Current Liabilities TTM Growth -35.97 % 59.07 % 9.69 % 0.1 % -9.63 %
Seq. Cash & cash equivalent TTM Growth 95.25 % -75.24 % 761.27 % -86.66 % 20.99 %


On the trailing twelve months basis Due to cut in Current Liabilities in the IV Quarter 2023 to $385.76 millions, cumulative Quick Ratio decreased to 0.06 below the Northern Oil And Gas Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Oil And Gas Production industry 65 other companies have achieved higher Quick Ratio than Northern Oil And Gas Inc . While Quick Ratio overall ranking has improved so far to 993, from total ranking during the twelve months ending third quarter 2023 at 3588.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Oil And Gas Production Industry # 66
Energy Sector # 106
Within the Market # 1288


trailing twelve months Quick Ratio Statistics
High Average Low
0.81 0.11 0.02
(Sep 30 2018)   (Dec 31 2020)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Oil And Gas Production Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Kosmos Energy ltd   0.17 $ 95.345  Millions$ 554.830  Millions
Granite Ridge Resources Inc   0.17 $ 10.430  Millions$ 62.079  Millions
Occidental Petroleum Corporation  0.16 $ 1,426.000  Millions$ 8,702.000  Millions
Vermilion Energy inc   0.15 $ 108.355  Millions$ 700.135  Millions
Enerplus Corporation  0.14 $ 66.731  Millions$ 466.270  Millions
Mammoth Energy Services Inc   0.09 $ 16.556  Millions$ 176.782  Millions
Pioneer Natural Resources Co  0.08 $ 240.000  Millions$ 2,974.000  Millions
Matador Resources Company  0.08 $ 52.662  Millions$ 685.275  Millions
Northern Oil And Gas Inc   0.07 $ 25.289  Millions$ 385.761  Millions
Liberty Energy Inc   0.06 $ 36.784  Millions$ 639.424  Millions
Eqt Corporation  0.04 $ 80.977  Millions$ 1,850.477  Millions
Marathon Oil Corporation  0.04 $ 155.000  Millions$ 3,922.000  Millions
Propetro Holding Corp   0.03 $ 7.745  Millions$ 271.149  Millions
Vital Energy inc   0.02 $ 14.061  Millions$ 595.589  Millions
Berry Corporation bry   0.02 $ 4.835  Millions$ 223.182  Millions

Date modified: 2024-02-24T16:13:50+00:00



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