Quick Ratio
Higher than 78% of Energy sector peers
Updated 120h ago
Sector Performance
78th percentileET
0.87x
Sector Median
0.58x
Sector Avg
0.62x
Deep Analysis
Energy Transfer's quick ratio of 0.87x means the company has $0.87 in highly liquid assets — such as cash and receivables — for every $1 of short-term liabilities, a measure of its ability to cover near-term obligations without selling inventory.
That ratio sits well above the energy sector median of 0.59x and places the firm in the 78th percentile among sector peers, indicating relatively strong liquidity compared to competitors. The year-over-year change is not available, but the quick ratio declined by 2.2% quarter-over-quarter, with the only two historical values showing a drop from 0.89x to 0.87x. While the current level is above the sector norm, the slight quarterly decrease introduces a modest liquidity risk that warrants monitoring if the trend continues. The combination of a high level relative to peers and a small negative change suggests the company’s liquidity position is currently comfortable but not improving, implying a limited risk for investors seeking stability. This metric supports the overall NEUTRAL verdict, as the quick ratio is adequate without being outstanding, aligning with a balanced risk-reward profile.
Frequently Asked Questions
What does the Quick Ratio tell investors about ET?
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
How is the Quick Ratio calculated?
Quick Ratio is calculated as: (Cash + Receivables) / Current Liabilities.
How does ET's Quick Ratio compare to its sector?
ET's Quick Ratio of 0.87x compares to a Energy sector median of 0.58x, placing it in the 78th percentile.
Who are ET's closest peers by Quick Ratio?
The closest Energy peers by Quick Ratio include: CNQ (0.58x), NOVA (0.59x), ENB (0.53x), SPWR (0.52x), RUN (0.65x).
The Formula
(Cash + Receivables) / Current Liabilities
Why It Matters
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
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0.87x
Sector Median
0.58x
Sector Avg
0.62x
How ET's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.