Quick Ratio

The quick ratio of 0.48x means Northern Oil and Gas holds only $0.48 of cash, equivalents, and receivables for every $1 of short-term liabilities, indicating limited immediate liquidity.

This sits below the Energy sector median of 0.58x, placing NOG at the 38th percentile — meaning 62% of peers have a stronger quick ratio. The year-over-year change is not available, but the quarter-over-quarter change is -4.0%, down from 0.50x to 0.48x, with no reported trend for the last eight quarters. A quick ratio well below 1.0 combined with a decline suggests increasing short-term liquidity strain, though energy companies often operate with lower liquidity due to capital-intensive assets. This metric introduces a risk factor, but the overall NEUTRAL verdict acknowledges moderate liquidity concerns without warranting an outright negative call. The weak level and negative quarterly trend therefore do not contradict the neutral view, but they reinforce the caution behind it.

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