Quick Ratio

The quick ratio measures a company’s ability to pay short-term liabilities using its most liquid assets (cash, receivables, marketable securities), with a value below 1.0x indicating potential liquidity strain.

APA’s current 0.70x is above the energy sector median of 0.62x, placing it in the 61st percentile among sector peers, meaning it holds more liquid assets relative to near-term obligations than most competitors. No trend data is available – the year-over-year change, quarter-over-quarter change, and last eight quarters of trend direction are all marked N/A, so no directional insight can be drawn. The combination of a quick ratio modestly above the sector median but still below 1.0x, paired with no observable trend, suggests a neutral-to-slightly cautious liquidity position: the firm is not an outlier in risk, but the lack of trend data prevents assessing whether liquidity is improving or deteriorating. This metric aligns with the overall CAUTIOUS verdict, as a sub‑1.0x quick ratio reinforces the need for close monitoring of cash flows and debt maturities within the volatile energy sector.

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