Comet RidgeASX:COI +5.88% Current Ratio is 0.23 as of Dec. 2025, which is 56% below its 10-year median of 0.52. The stock has 1 warning sign investors should review. Among 1,013 Oil & Gas companies, Comet Ridge ranks worse than 94.08% on this metric.
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. Comet Ridge's current ratio for the quarter that ended in Dec. 2025 was 0.23.
Comet Ridge has a current ratio of 0.23. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Comet Ridge has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Comet Ridge's Current Ratio or its related term are showing as below:
ASX:COI'
s Current Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.52 Max: 7.2
Current: 0.23
During the past 13 years, Comet Ridge's highest Current Ratio was 7.20. The lowest was 0.17. And the median was 0.52.
ASX:COI's Current Ratio is ranked worse than 94.08% of 1013
companies
in the Oil & Gas industry
Industry Median: 1.34
vs ASX:COI: 0.23
Comet Ridge (ASX:COI) 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.
Comet Ridge Current Ratio Related Terms
Comet Ridge Current Ratio Historical Data
* Premium members only.
The historical data trend for Comet Ridge'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.
ASX:COI vs COP, EOG, FANG: Current Ratio Comparison
For the Oil & Gas E&P subindustry, Comet Ridge'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.
Comet Ridge Current Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Comet Ridge's Current Ratio distribution charts can be found below:
* The bar in red indicates where Comet Ridge's Current Ratio falls into.
* 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.
Comet Ridge (ASX:COI) has a Current Ratio of 0.23 as of Dec. 2025. This is 56% below median its historical median of 0.52. Over the past decade, Comet Ridge's Current Ratio has ranged from 0.17 to 7.20. According to the industry distribution chart, Comet Ridge ranks #953 out of 1013 companies in the Oil & Gas industry, placing it in the top 94.1%.
Is Comet Ridge's Current Ratio too high?
Comet Ridge's current Current Ratio of 0.23 is 56% below median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 7.20. The Oil & Gas industry median Current Ratio is 1.34. Comet Ridge's value of 0.23 is 82.8% below this industry median. Based on the distribution chart, Comet Ridge ranks #953 out of 1013 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers.
How does Comet Ridge's Current Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Comet Ridge ranks #953 out of 1013 companies for Current Ratio. This places Comet Ridge in the lower half of its industry. The industry median Current Ratio is 1.34. Comet Ridge's value of 0.23 is 82.8% below this benchmark. Historically, Comet Ridge's own Current Ratio has ranged from 0.17 to 7.20 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 1.34, Comet Ridge has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Oil & Gas company?
The median Current Ratio among Oil & Gas companies is 1.34, based on 1,013 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Comet Ridge's current Current Ratio of 0.23 is 82.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Current Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comet Ridge's current Current Ratio is 0.23, which is 56% below median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comet Ridge stock overvalued right now?
Comet Ridge (ASX:COI) has a current Current Ratio of 0.23. The current Current Ratio is 0.23, which is 56% below median its 10-year median of 0.52 and 82.8% below the Oil & Gas industry median of 1.34. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Comet Ridge (ASX:COI), the current Current Ratio is 0.23 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Comet Ridge Ltd is an Australian energy company focused on the development of natural gas for the supply-constrained east coast Australian market. It has tenement interests and a suite of prospective projects in Queensland. The company's flagship Mahalo Gas Hub area (Mahalo Gas Project) consists of high-quality natural gas resources with low CO2 and competitive production costs. The Mahalo Gas Hub contains gross 2P (Reserves) and 2C (Contingent Resources) of 676 Petajoules close to the Gladstone LNG export and domestic market precinct, as well as gas transport infrastructure. Additionally, the company also holds various permits in the eastern part of the Galilee Basin, and an exploration licence (PEL 427), in the northern Gunnedah Basin, New South Wales.
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