The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Cadogan Energy Solutions's current ratio for the quarter that ended in Dec. 2023 was 20.13.
Cadogan Energy Solutions has a current ratio of 20.13. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Cadogan Energy Solutions's Current Ratio or its related term are showing as below:
FRA:CPD'
s Current Ratio Range Over the Past 10 Years
Min: 3.33 Med: 19.47 Max: 25.19
Current: 20.15
During the past 13 years, Cadogan Energy Solutions's highest Current Ratio was 25.19. The lowest was 3.33. And the median was 19.47.
FRA:CPD's Current Ratio is ranked better than 96.85% of 1078
companies
in the Oil & Gas industry
Industry Median: 1.33
vs FRA:CPD: 20.15
Cadogan Energy Solutions Current Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Cadogan Energy Solutions's Current Ratio
For the Oil & Gas E&P subindustry, Cadogan Energy Solutions's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cadogan Energy Solutions's Current Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cadogan Energy Solutions's Current Ratio distribution charts can be found below:
* The bar in red indicates where Cadogan Energy Solutions's Current Ratio falls into.
Cadogan Energy Solutions Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Cadogan Energy Solutions's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cadogan Energy Solutions (FRA:CPD) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Cadogan Energy Solutions Current Ratio Related Terms
Thank you for viewing the detailed overview of Cadogan Energy Solutions's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Cadogan Energy Solutions (FRA:CPD) Business Description
Cadogan Energy Solutions PLC is an independent energy company, which operates an exploration and production license in Western Ukraine, conducts gas trading operations, and provides services to E&P companies. The objective of the company is to be a diversified energy group making investments offering energy solutions and alternative services with a lower environmental impact. It has two operating segments; the Exploration and Production segment includes E&P activities on the exploration and production licenses for natural gas, oil, and condensate, and the Trading segment includes the Import of natural gas from European countries and Local purchase and sales of natural gas operations with physical delivery of natural gas.
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