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Superior Services Quick ratio

What is the Quick ratio of Superior Services?

The Quick ratio of Superior Energy Services, Inc. is 2.40

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 OTC compared to Superior Services

What does Superior Services do?

Superior Energy Services, Inc. provides oilfield services and equipment to oil and natural gas exploration and production companies in the United States and internationally. The company operates in four segments: Drilling Products and Services, Onshore Completion and Workover Services, Production Services, and Technical Solutions. The Drilling Products and Services segment rents downhole drilling tools, including tubulars, such as primary drill pipe strings, landing strings, completion tubulars, and associated accessories, as well as manufactures and rents bottom hole tools comprising stabilizers, non-magnetic drill collars, and hole openers; and surfaces, such as temporary onshore and offshore accommodation modules and accessories. The Onshore Completion and Workover Services segment offers fluid management services used to obtain, move, store, and dispose of fluids that are involved in the exploration, development, and production of oil and gas; and workover services consisting of installations, completions, and sidetracking of wells, as well as support for perforating operations. The Production Services segment provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, pressure control, production testing and optimization, and remedial pumping services. The Technical Solutions segment offers well containment systems; completion tools and services, including sand control systems, well screens and filters, and surface-controlled sub surface safety valves; and well and sand control, and stimulation services. This segment also produces and sells oil and gas. Superior Energy Services, Inc. was founded in 1991 and is headquartered in Houston, Texas.

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