ChampionX Corp. (CHX) - Quick Ratio

Corporate company logo of ChampionX Corporation (CHX)

The ChampionX Corporation (CHX) price chart reflects the dynamics of a business developing IT well-control tools and operator partnerships, with the indicator standing at 1.64. The firm has established a comprehensive network of chemical and technical products that optimize global raw material recovery. Due to the uniqueness of its artificial lift equipment, ChampionX Corporation (CHX) easily leverages its pricing power, as its services are critical to its customers' profitability.

CHX: ChampionX Corp. Intermediate Coverage Ratio 07/04/2022 - 07/26/2025
Flagship merchandise of ChampionX

The quick ratio assesses solvency by comparing cash and accounts receivable against short-term liabilities, excluding slow-moving inventories. For ChampionX Corporation (CHX), this calculation is critical when supplying complex chemical reagents and production systems. By analyzing the average quick ratio, an investor can gauge the company's ability to settle debts without an emergency liquidation of inventory. The stability of this metric minimizes the risk of cash flow gaps ahead of the upcoming merger with SLB.

Who ChampionX Corporation competes with

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