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Permian Resources Corporation (PR) |
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Permian Resources's Quick Ratio
PR's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth
Permian Resources's Cash & cash equivalent grew by 1058.11 % in the III Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Permian Resources's Quick Ratio to 0.29, above Permian Resources Corporation average Quick Ratio.
Within Oil And Gas Production industry 36 other companies have achieved higher Quick Ratio than Permian Resources in third quarter 2023. While Quick Ratio total ranking has improved so far during the III Quarter 2023 to 2262, from total ranking in the second quarter 2023 at 4116.
Explain Quick Ratio?
How much Cash & cash equivalents PRīs has?
What are PRīs Current Liabilities?
Select the Comparisons :
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Select the Ratio:
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PR Quick Ratio |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
Y / Y Current Liabilities Change |
23.93 % |
132.75 % |
117.13 % |
245.86 % |
157.97 % |
Y / Y Cash & cash equivalent Change |
365.14 % |
-90.91 % |
-49.44 % |
534.81 % |
813.02 % |
Quick Ratio MRQ |
0.29 |
0.03 |
0.04 |
0.1 |
0.08 |
PR's Total
Ranking |
# 2262 |
# 4116 |
# 2190 |
# 2036 |
# 3575 |
Seq. Current Liabilities Change |
5.71 % |
6.11 % |
12.37 % |
-1.68 % |
98.53 % |
Seq. Cash & cash equivalent Change |
1058.11 % |
-28.57 % |
-57.02 % |
30.83 % |
-77.37 % |
Quick Ratio third quarter 2023 Company Ranking |
Within: |
No. |
Oil And Gas Production Industry |
# 37 |
Energy Sector |
# 64 |
Overall Market |
# 2262 |
Quick Ratio Statistics |
High |
Average |
Low |
0.69 |
0.17 |
0.02 |
(Mar 31 2017) |
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(Mar 31 2020) |
Cumulative Permian Resources's Quick Ratio
PR's Quick Ratio for the trailling 12 Months
PR Quick Ratio |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
Y / Y Current Liabilities TTM Growth |
23.93 % |
132.75 % |
117.13 % |
245.86 % |
157.97 % |
Y / Y Cash & cash equivalent TTM Growth |
365.14 % |
-90.91 % |
-49.44 % |
534.81 % |
813.02 % |
Quick Ratio TTM |
0.12 |
0.06 |
0.16 |
0.2 |
0.23 |
Total
Ranking TTM |
# 2230
| # 3707
| # 3067
| # 3032
| # 1526
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Seq. Current Liabilities TTM Growth |
5.71 % |
6.11 % |
12.37 % |
-1.68 % |
98.53 % |
Seq. Cash & cash equivalent TTM Growth |
1058.11 % |
-28.57 % |
-57.02 % |
30.83 % |
-77.37 % |
News about Permian Resources Corporation Quick Ratio |
Permian Resources Announces Full Redemption of 6.875% Senior Notes Due 2027 and Impressive Growth in Quick Ratio Midland, Texas - Permian Resources Corporation (NYSE: PR) made a significant announcement today as its subsidiary, Permian Resources Operating, LLC, notified its intention to redeem all of the company's outstanding $356,351,000 aggregate principal amount 6.875% Senior Notes due 2027. The redemption, scheduled for April 5, 2024, aligns with the terms and conditions laid out by the company. This news comes in the wake of Permian Resources Corporation showcasing robust growth in its cash and cash equivalents during the third quarter of 2023. With an increase of 1058.11% compared to the previous quarter, the company outpaced its current liabilities, resulting in an improved Quick Ratio of 0.29. A Quick Ratio indicates a company's ability to cover its short-term obligations with its most liquid assets. Remarkably, Permian Resources now ranks higher than 36 other companies within the industry in terms of Quick Ratio, a significant improvement from the second quarter of 2023 where it stood at 0.03 and was relatively low at 4116.
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Permian Resources Corporation (NYSE: PR) recently announced the pricing of a secondary public offering of 48,500,000 shares of its Class A Common Stock at $15.76 per share. The offering was made by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments, and Riverstone Investment Group LLC. In the third quarter of 2023, Permian Resources saw a significant increase in its cash and cash equivalent by 1058.11% sequentially, leading to an improvement in the company's quick ratio to 0.29. Over the last twelve months, PR's cash and cash equivalent more than doubled by 365.14%, resulting in a trailing twelve months quick ratio of 0.12, which is above the company's 12-month average.
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On the trailing twelve months basis PR Cash & cash equivalent more than doubled by 365.14 % in III Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Permian Resources's Quick Ratio to 0.12, Quick Ratio remained below PR average. Quick Ratio is the average cumulative value over the last four quarters.
Among companies operating within Oil And Gas Production industry 40 other companies have achieved higher Quick Ratio than Permian Resources. While Quick Ratio overall ranking has improved so far to 2230, from total ranking during the twelve months ending second quarter 2023 at 3707.
Explain Quick Ratio?
How much Cash & cash equivalents PRīs has?
What are PRīs Current Liabilities?
TTM Quick Ratio Company Ranking |
Within: |
No. |
Within the Oil And Gas Production Industry |
# 41 |
Energy Sector |
# 66 |
Within the Market |
# 2230 |
trailing twelve months Quick Ratio Statistics |
High |
Average |
Low |
0.33 |
0.14 |
0.03 |
(Dec 31 2017) |
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(Dec 31 2020) |
Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Oil And Gas Production Industry | Quick Ratio | Sep 30 2023 MRQ Cash & cash equivalent | Sep 30 2023 MRQ Current Liabilities | 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 | Barnwell Industries inc | 0.43 | $ 2.830 Millions | $ 6.598 Millions | Shell Plc | 0.41 | $ 39,081.000 Millions | $ 95,467.000 Millions | Diamondback Energy Inc | 0.39 | $ 830.000 Millions | $ 2,141.000 Millions | Tellurian Inc | 0.38 | $ 59.279 Millions | $ 156.038 Millions | Cenovus Energy Inc | 0.37 | $ 2,024.538 Millions | $ 5,444.728 Millions | Murphy Oil Corporation | 0.37 | $ 327.769 Millions | $ 892.393 Millions | Schlumberger Limited | 0.35 | $ 3,735.000 Millions | $ 10,530.000 Millions | Par Pacific Holdings Inc | 0.34 | $ 347.105 Millions | $ 1,026.124 Millions | Battalion Oil Corp | 0.30 | $ 42.590 Millions | $ 140.886 Millions | Permian Resources Corporation | 0.29 | $ 211.703 Millions | $ 725.745 Millions | Silverbow Resources Inc | 0.28 | $ 54.261 Millions | $ 194.852 Millions | North American Construction Group Ltd | 0.27 | $ 67.878 Millions | $ 248.202 Millions | Tetra Technologies Inc | 0.27 | $ 33.826 Millions | $ 126.540 Millions | Crescent Energy Company | 0.26 | $ 228.614 Millions | $ 880.798 Millions | Nine Energy Service Inc | 0.25 | $ 12.159 Millions | $ 47.759 Millions |
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