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Norris Industries Inc   (NRIS)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy

Norris Industries Inc 's Quick Ratio

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


Norris Industries Inc 's Cash & cash equivalent grew by 109.04 % in the II Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Norris Industries Inc 's Quick Ratio to 1.01, Quick Ratio remained below Norris Industries Inc average.

Within Oil And Gas Production industry 18 other companies have achieved higher Quick Ratio than Norris Industries Inc in second quarter 2023. While Quick Ratio total ranking has improved so far during the II Quarter 2023 to 1754, from total ranking in the first quarter 2023 at 2936.

Explain Quick Ratio?
How much Cash & cash equivalents NRISīs has?
What are NRISīs Current Liabilities?


NRIS Quick Ratio (Aug 31 2023)
II. Quarter
(May 31 2023)
I. Quarter
(Feb 28 2023)
IV. Quarter
(Nov 30 2022)
III. Quarter
(Aug 31 2022)
II. Quarter
Y / Y Current Liabilities Change -12.59 % 19.77 % -9.87 % -86.48 % -97.29 %
Y / Y Cash & cash equivalent Change -45.27 % -20.18 % 8.71 % 83.1 % 97.39 %
Quick Ratio MRQ 1.01 0.26 1.21 0.33 1.61
NRIS's Total Ranking # 1754 # 2936 # 1577 # 55 # 1603
Seq. Current Liabilities Change -45.65 % 32.53 % -76.74 % 421.86 % -25.53 %
Seq. Cash & cash equivalent Change 109.04 % -71.22 % -14.46 % 6.35 % 204.85 %



Quick Ratio second quarter 2023 Company Ranking
Within: No.
Oil And Gas Production Industry # 19
Energy Sector # 24
Overall Market # 1754


Quick Ratio Statistics
High Average Low
193.2 13 0.02
(Aug 31 2015)   (Aug 31 2021)




Financial Statements
Norris Industries Inc 's Current Liabilities $ 0 Millions Visit NRIS's Balance sheet
Norris Industries Inc 's Cash & cash equivalent $ 0 Millions Visit NRIS's Balance sheet
Source of NRIS's Sales Visit NRIS's Sales by Geography


Cumulative Norris Industries Inc 's Quick Ratio

NRIS's Quick Ratio for the trailling 12 Months

NRIS Quick Ratio

(Aug 31 2023)
II. Quarter
(May 31 2023)
I. Quarter
(Feb 28 2023)
IV. Quarter
(Nov 30 2022)
III. Quarter
(Aug 31 2022)
II. Quarter
Y / Y Current Liabilities TTM Growth -12.59 % 19.77 % -9.87 % -86.48 % -97.29 %
Y / Y Cash & cash equivalent TTM Growth -45.27 % -20.18 % 8.71 % 83.1 % 97.39 %
Quick Ratio TTM 0.5 0.58 0.61 0.58 0.1
Total Ranking TTM # 1380 # 2608 # 3757 # 215 # 3398
Seq. Current Liabilities TTM Growth -45.65 % 32.53 % -76.74 % 421.86 % -25.53 %
Seq. Cash & cash equivalent TTM Growth 109.04 % -71.22 % -14.46 % 6.35 % 204.85 %


On the trailing twelve months basis In spite of the year on year decrease in NRIS's Current Liabilities to $0.09 millions, cumulative Quick Ratio to 0.5 below the NRIS average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Oil And Gas Production industry 18 other companies have achieved higher Quick Ratio than Norris Industries Inc . While Quick Ratio overall ranking has improved so far to 1380, from total ranking during the twelve months ending first quarter 2023 at 2608.

Explain Quick Ratio?
How much Cash & cash equivalents NRISīs has?
What are NRISīs Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Oil And Gas Production Industry # 19
Energy Sector # 23
Within the Market # 1380


trailing twelve months Quick Ratio Statistics
High Average Low
1.54 0.5 0.04
(Nov 30 2018)  




Companies with similar Quick Ratio in the quarter ending Aug 31 2023, within Oil And Gas Production Industry Quick RatioAug 31 2023 MRQ Cash & cash equivalentAug 31 2023 MRQ Current Liabilities
Kimbell Royalty Partners lp  2.61 $ 39.529  Millions$ 15.145  Millions
Pedevco Corp   2.47 $ 13.200  Millions$ 5.347  Millions
Reserve Petroleum Co  2.33 $ 4.629  Millions$ 1.983  Millions
Magnolia Oil and Gas Corp  2.04 $ 618.466  Millions$ 303.705  Millions
Superior Energy Services Inc   1.92 $ 357.769  Millions$ 186.345  Millions
Altex Industries Inc  1.89 $ 2.232  Millions$ 1.182  Millions
Black Stone Minerals L p   1.66 $ 56.030  Millions$ 33.785  Millions
Eog Resources Inc   1.37 $ 5,326.000  Millions$ 3,888.000  Millions
Rpc inc   1.23 $ 171.874  Millions$ 140.112  Millions
Spindletop Oil and Gas Co   1.16 $ 7.321  Millions$ 6.293  Millions
Vital Energy inc   1.03 $ 589.695  Millions$ 571.702  Millions
Norris Industries Inc   1.01 $ 0.091  Millions$ 0.091  Millions
Dawson Geophysical Company  0.90 $ 14.156  Millions$ 15.689  Millions
Trio Petroleum Corp   0.84 $ 1.562  Millions$ 1.851  Millions
Mach Natural Resources Lp  0.79 $ 58.737  Millions$ 74.427  Millions
Evolution Petroleum Corp  0.72 $ 9.413  Millions$ 13.074  Millions
W and t Offshore inc   0.71 $ 153.410  Millions$ 215.668  Millions
California Resources Corp  0.69 $ 479.000  Millions$ 694.000  Millions
Sm Energy Co  0.67 $ 401.980  Millions$ 599.084  Millions
Ncs Multistage Holdings Inc   0.62 $ 11.398  Millions$ 18.269  Millions
Vaalco Energy Inc  0.62 $ 103.464  Millions$ 166.823  Millions
Klx Energy Services Holdings Inc   0.59 $ 90.400  Millions$ 152.900  Millions
Expro Group Holdings N v   0.57 $ 255.323  Millions$ 447.146  Millions
Coterra Energy Inc   0.52 $ 847.000  Millions$ 1,640.000  Millions
Helix Energy Solutions Group inc   0.51 $ 168.370  Millions$ 329.084  Millions
Primeenergy Resources Corporation  0.47 $ 19.790  Millions$ 41.684  Millions
Phx Minerals Inc   0.47 $ 1.235  Millions$ 2.642  Millions
Gran Tierra Energy Inc   0.44 $ 124.358  Millions$ 279.748  Millions
Chesapeake Energy Corporation  0.44 $ 713.000  Millions$ 1,614.000  Millions
Eni Spa  0.43 $ 11,931.360  Millions$ 27,593.440  Millions

Date modified: 2023-10-24T10:21:32+00:00



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