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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. Deep Well Oil & Gas's current ratio for the quarter that ended in Sep. 2020 was 1.12.
Deep Well Oil & Gas has a current ratio of 1.12. It generally indicates good short-term financial strength.
The historical rank and industry rank for Deep Well Oil & Gas's Current Ratio or its related term are showing as below:
The historical data trend for Deep Well Oil & Gas'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.
Deep Well Oil & Gas Annual Data | |||||||||||||||||||||
Trend | Sep11 | Sep12 | Sep13 | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 29.12 | 7.32 | 8.09 | 2.35 | 1.12 |
Deep Well Oil & Gas Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Current Ratio | Get a 7-Day Free Trial | 2.35 | 1.60 | 1.03 | 1.26 | 1.12 |
For the Oil & Gas E&P subindustry, Deep Well Oil & Gas'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 Oil & Gas industry and Energy sector, Deep Well Oil & Gas's Current Ratio distribution charts can be found below:
* The bar in red indicates where Deep Well Oil & Gas'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.
Deep Well Oil & Gas's Current Ratio for the fiscal year that ended in Sep. 2020 is calculated as
Current Ratio (A: Sep. 2020 ) | = | Total Current Assets (A: Sep. 2020 ) | / | Total Current Liabilities (A: Sep. 2020 ) |
= | 0.255 | / | 0.228 | |
= | 1.12 |
Deep Well Oil & Gas's Current Ratio for the quarter that ended in Sep. 2020 is calculated as
Current Ratio (Q: Sep. 2020 ) | = | Total Current Assets (Q: Sep. 2020 ) | / | Total Current Liabilities (Q: Sep. 2020 ) |
= | 0.255 | / | 0.228 | |
= | 1.12 |
* 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.
Deep Well Oil & Gas (OTCPK:DWOG) 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 Deep Well Oil & Gas's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
David Roff | other: See footnotes. | 133 RICHMOND STREET WEST 401 TORONTO ONTARIO CANADA M5H 2L3 TORONTO A6 00000 |
Outtrim, Colin Philip | director | 331 ROCKY RIDGE DR. N.W CALGARY A0 T3G 4P4 |
Curtis J Sparrow | director, officer: CFO and Secretary | 510 ROYAL BANK BUILDING 10117 JASPER AVENUE EDMONTON ALBERTA A0 T5J 1W8 |
Horst A Schmid | director, officer: President and CEO | 246 STEWART GREEN S.W. SUITE 3175 CALGARY ALBERTA A0 T3H 3C8 |
Malik Youyou | director, 10 percent owner | SADOVNICHESKEYA NAB 69 MOSCOW 1Z 115035 |
Satya Brata Das | director | SUITE 208 EMPIRE BUILDING 10080 JASPER AVENUE EDMONTON A0 T5J 1V9 |
Said Arrata | director | SUITE 2320 255 5TH AVENUE CALGARY A0 T2P3G6 |
Pascal Node-langlois | director | C/O PARFINANCE SA 65 RUE DU RHONE GENEVA V8 1204 |
Etablissements Maurel & Prom S.a. | 10 percent owner | 51, RUE D?ANJOU PARIS I0 75008 |
Mp West Canada S.a.s. | 10 percent owner | 51, RUE D?ANJOU PARIS I0 75008 |
Pt Pertamina Internasional Eksplorasi Dan Produksi | 10 percent owner | PATRA JASA OFFICE TOWER 3A FL JALAN GATOT SUBROTO KAV 32-34 SOUTH JAKARTA K8 12950 |
Pertamina (persero) Pt | 10 percent owner | JALAN MEDAN MERDEKA TIMUR NO. 1A JAKARTA K8 10110 |
S.a. Mpi | 10 percent owner | 51, RUE D?ANJOU PARIS I0 75008 |
Saint-aubin Energie S.a.s. | 10 percent owner | 51, RUE D?ANJOU PARIS I0 75008 |
Donald Wayne Hryhor | director | PO BOX 636 STATION M CALGARY A0 T2P2J3 |
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