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PrimeEnergy Corporation
NASDAQ PNRG
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PrimeEnergy Corporation Working Capital to Current Liabilities Ratio 5 year CAGR for the quarter ending March 31, 2024: 18.21%
PrimeEnergy Corporation Working Capital to Current Liabilities Ratio 5 year CAGR is 18.21% for the quarter ending March 31, 2024. The working capital to current liabilities ratio measures the proportion of working capital to current liabilities. It is calculated by dividing the difference between current assets and current liabilities by current liabilities. This ratio indicates the company's ability to cover its current liabilities with its working capital. A higher ratio suggests a healthier liquidity position and better ability to meet short-term obligations. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
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PrimeEnergy Corporation Working Capital to Current Liabilities Ratio for the quarter ending March 31, 2023 was 0.76, a 358.70% change year over year.
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PrimeEnergy Corporation Working Capital to Current Liabilities Ratio for the quarter ending March 31, 2022 was 0.17, a 145.03% change year over year.
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PrimeEnergy Corporation Working Capital to Current Liabilities Ratio for the quarter ending March 31, 2021 was -0.37, a -812.77% change year over year.
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PrimeEnergy Corporation Working Capital to Current Liabilities Ratio for the quarter ending March 31, 2020 was 0.05, a 123.43% change year over year.
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NASDAQ: PNRG
| CEO | Mr. Charles E. Drimal Jr. |
| IPO Date | Aug. 18, 1995 |
| Location | United States |
| Headquarters | 9821 Katy Freeway, Houston, TX, United States, 77024 |
| Employees | 115 |
| Sector | Energy |
| Industry | Oil & gas e&p |
Description
PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquisition, development, and production of oil and natural gas properties in the United States. The company owns leasehold, mineral, and royalty interests in producing and non-producing oil and gas properties; and operates approximately 534 active wells and owns non-operating interests and royalties in 952 additional wells. It also acquires producing oil and gas properties through joint ventures with industry partners; and provides contract services to third parties, including well-servicing support, site-preparation, and construction services for oil and gas drilling and reworking operations. The company was formerly known as PrimeEnergy Corporation and changed its name to PrimeEnergy Resources Corporation in December 2018. PrimeEnergy Resources Corporation was incorporated in 1973 and is headquartered in Houston, Texas.
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StockViz Staff
September 20, 2024
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