TAG Oil Quick ratio
What is the Quick ratio of TAG Oil?
The Quick ratio of TAG Oil Ltd. is 18.74
What is the definition of Quick ratio?
Quick ratio is liquidity ratio that measures a company’s ability to use its quick assets to meet its short-term obligations immediately.
mrq (most recent quarter)
The quick ratio is the ratio between quick or liquid assets and current liabilities. Quick assets include those current assets that presumably can be quickly converted to cash at close to their book values. A normal liquid ratio is considered to be 1. A company with a quick ratio of less than 1 cannot at the time fully pay its current liabilities or short-term obligations. This ratio is considered to be a much reliable tool for assessment of liquidity position of companies.
Quick ratio of companies in the Energy sector on TSXV compared to TAG Oil
What does TAG Oil do?
TAG Oil Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas in Canada, New Zealand, and Australia. It operates exploration and production permits in New Zealand; and an exploration and production permit in Australia. The company was formerly known as Durum Cons. Energy Corp. and changed its name to TAG Oil Ltd. in June 2002. TAG Oil Ltd. was incorporated in 1990 and is headquartered in Vancouver, Canada.
Companies with quick ratio similar to TAG Oil
- Trillium Therapeutics has Quick ratio of 18.70
- Marimaca Copper Corp has Quick ratio of 18.71
- District Metals has Quick ratio of 18.71
- Danakali has Quick ratio of 18.72
- Danakali has Quick ratio of 18.72
- EcoSynthetix has Quick ratio of 18.73
- TAG Oil has Quick ratio of 18.74
- Navy Resources has Quick ratio of 18.74
- Esports Mogul has Quick ratio of 18.75
- Novus Therapeutics Inc has Quick ratio of 18.78
- Jersey Oil and Gas Plc has Quick ratio of 18.80
- Impression Healthcare has Quick ratio of 18.80
- Gaming and Leisure Properties Inc has Quick ratio of 18.82