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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. Gulf Island Fabrication's current ratio for the quarter that ended in Dec. 2023 was 3.40.
Gulf Island Fabrication has a current ratio of 3.40. 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 Gulf Island Fabrication's Current Ratio or its related term are showing as below:
During the past 13 years, Gulf Island Fabrication's highest Current Ratio was 3.68. The lowest was 1.45. And the median was 2.84.
The historical data trend for Gulf Island Fabrication's Current Ratio can be seen below:
* 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.
Gulf Island Fabrication Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 1.67 | 1.45 | 2.79 | 2.83 | 3.40 |
Gulf Island Fabrication Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Current Ratio | Get a 7-Day Free Trial | 2.83 | 2.28 | 2.91 | 3.09 | 3.40 |
For the Metal Fabrication subindustry, Gulf Island Fabrication'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.
For the Industrial Products industry and Industrials sector, Gulf Island Fabrication's Current Ratio distribution charts can be found below:
* The bar in red indicates where Gulf Island Fabrication's Current Ratio falls into.
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.
Gulf Island Fabrication's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Current Ratio (A: Dec. 2023 ) | = | Total Current Assets (A: Dec. 2023 ) | / | Total Current Liabilities (A: Dec. 2023 ) |
= | 101.627 | / | 29.847 | |
= | 3.40 |
Gulf Island Fabrication's Current Ratio for the quarter that ended in Dec. 2023 is calculated as
Current Ratio (Q: Dec. 2023 ) | = | Total Current Assets (Q: Dec. 2023 ) | / | Total Current Liabilities (Q: Dec. 2023 ) |
= | 101.627 | / | 29.847 | |
= | 3.40 |
* 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.
Gulf Island Fabrication (NAS:GIFI) 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.
Thank you for viewing the detailed overview of Gulf Island Fabrication's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert M Averick | director, 10 percent owner | KOKINO LLC, 201 TRESSER BOULEVARD, 3RD FLOOR, STAMFORD CT 06901 |
Jay Troger | director | 2170 BUCKTHORNE PLACE, SUITE 420, THE WOODLANDS TX 77380 |
William E Chiles | director | C/O ENSCO INTERNTIONAL INC, 1445 ROSS AVE, DALLAS TX 75202-2792 |
Murray W. Burns | director | 16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084 |
Matthew R Oubre | other: SVP, Commercial | 16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084 |
Richard W. Heo | director, officer: President & CEO | 2103 RESEARCH FOREST DRIVE, THE WOODLANDS TX 77380 |
C D Richard | director | |
Michael A Flick | director | 2000 W SAM HOUSTON PARKWAY SOUTH, SUITE 1700, HOUSTON TX 77042 |
Michael J Keeffe | director | 400 N. SAM HOUSTON PARKWAY E. SUITE 1200, HOUSTON TX 77060 |
Thomas M. Smouse | officer: VP, Chief Human Resources Offi | 16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084 |
James L. Morvant | other: SVP, Fabrication & Services | 16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084 |
Piton Capital Partners Llc | 10 percent owner | C/O NORTH BAY ASSOCIATES, 14000 QUAIL SPRINGS PARKWAY, SUITE 2200, OKLAHOMA CITY OK 73134 |
Gregory J Cotter | director | 583 THOMPSON RD, HOUMA LA 70363 |
Christian G Vaccari | other: Executive VP of Subsidiary | 1100 POYDAS ST, STE 2000, NEW ORLEAN LA 70163 |
Donald John Mackay | other: Executive VP of Subsidiary | 16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084 |
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