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. Global Offshore Services's current ratio for the quarter that ended in Dec. 2024 was 0.00.
Global Offshore Services has a current ratio of 0.00. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Global Offshore Services 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 Global Offshore Services's Current Ratio or its related term are showing as below:
BOM:501848'
s Current Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.23 Max: 1.09
Current: 0.41
During the past 13 years, Global Offshore Services's highest Current Ratio was 1.09. The lowest was 0.06. And the median was 0.23.
BOM:501848's Current Ratio is ranked worse than 94.06% of 993
companies
in the Transportation industry
Industry Median: 1.44
vs BOM:501848: 0.41
Global Offshore Services 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 Global Offshore Services's Current Ratio
For the Marine Shipping subindustry, Global Offshore Services'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.
Global Offshore Services's Current Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Global Offshore Services's Current Ratio distribution charts can be found below:
* The bar in red indicates where Global Offshore Services'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.
Global Offshore Services (BOM:501848) 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.
Global Offshore Services Current Ratio Related Terms
Thank you for viewing the detailed overview of Global Offshore Services's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Global Offshore Services Ltd is an Indian firm engaged in providing offshore support services to exploration and production companies. The company's vessels support oil and gas exploration efforts involving: the transport of personnel to rigs/platforms from onshore bases and vice-versa, delivery of cargo/material to rigs/platforms, anchor handling operations, towing of rigs from one location to another, support to offshore/underwater construction projects, the platform supply vessels owned and operated by the company and its subsidiaries are deployed in India, the North Sea, Brazil, and West Africa. The charter hire segment constitutes the majority of the company's revenue.
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