OKE Quick Ratio Analysis

The quick ratio measures whether a company can cover its immediate liabilities with its most liquid assets, like cash and receivables, without selling inventory; a value of 0.52x means OKE has $0.52 of liquid assets for every $1 of current liabilities.

This is below the sector median of 0.72x, placing the company in the 33rd percentile among peers, so liquidity is weaker than most comparable firms. The historical trend is limited: the year-over-year change is N/A and the 8-quarter trend direction is N/A, but quarter-over-quarter the ratio rose by 6.1% from 0.49x to 0.52x. The combination of a sub-median level with a small quarterly improvement suggests the company’s short-term coverage is tight, yet the positive QoQ movement offers a mild offset. This liquidity gap is a risk factor if cash collections slow, but the recent uptick reduces immediate pressure. Overall, the metric supports the NEUTRAL verdict: it does not flag a severe crisis, nor does it provide a clear margin of safety.

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