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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. EVO Transportation & Energy Services's current ratio for the quarter that ended in Dec. 2022 was 0.32.
EVO Transportation & Energy Services has a current ratio of 0.32. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If EVO Transportation & Energy 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 EVO Transportation & Energy Services's Current Ratio or its related term are showing as below:
The historical data trend for EVO Transportation & Energy Services'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.
EVO Transportation & Energy Services Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 0.37 | 0.23 | 0.30 | 0.25 | 0.32 |
EVO Transportation & Energy Services Quarterly Data | ||||||||||||||||||||
Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | |
Current Ratio | Get a 7-Day Free Trial | 0.25 | 0.25 | 0.18 | 0.23 | 0.32 |
For the Trucking subindustry, EVO Transportation & Energy 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.
For the Transportation industry and Industrials sector, EVO Transportation & Energy Services's Current Ratio distribution charts can be found below:
* The bar in red indicates where EVO Transportation & Energy Services'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.
EVO Transportation & Energy Services's Current Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Current Ratio (A: Dec. 2022 ) | = | Total Current Assets (A: Dec. 2022 ) | / | Total Current Liabilities (A: Dec. 2022 ) |
= | 32.236 | / | 99.412 | |
= | 0.32 |
EVO Transportation & Energy Services's Current Ratio for the quarter that ended in Dec. 2022 is calculated as
Current Ratio (Q: Dec. 2022 ) | = | Total Current Assets (Q: Dec. 2022 ) | / | Total Current Liabilities (Q: Dec. 2022 ) |
= | 32.236 | / | 99.412 | |
= | 0.32 |
* 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.
EVO Transportation & Energy Services (OTCPK:EVOA) 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.
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Raj Kapur | officer: SVP, Chief Accounting Officer | C/O 2075 W. PINNACLE PEAK ROAD SUITE 130 PHOENIX AZ 85027 |
Michael John Bayles | director | 55 HUDSON YARDS, 47TH FLOOR, SUITE C, NEW YORK NY 10001 |
Patrick Seul | officer: Exec VP, Gen. Counsel & Secy | C/O 2075 W. PINNACLE PEAK ROAD SUITE 130 PHOENIX AZ 85027 |
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Alexandre Zyngier | director | 5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093 |
Peck Billy L. Jr | officer: EVP, Business Development | C/O 2075 WEST PINNACLE PEAK ROAD SUITE 130 PHOENIX AZ 85027 |
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Antara Capital Gp Llc | director, 10 percent owner, other: See Remarks; See Footnote(1,2) | 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110 |
Antara Capital Fund Gp Llc | director, 10 percent owner, other: See Remarks; See Footnote(1,2) | 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110 |
Antara Capital Master Fund Lp | director, 10 percent owner, other: See Remarks; See Footnote(1,2) | 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110 |
Antara Capital Lp | director, 10 percent owner, other: See Remarks; See Footnote(1,2) | 55 HUDSON YARDS, 47TH FLOOR, NEW YORK NY 10001 |
Himanshu Gulati | director, 10 percent owner, other: See Remarks; See Footnote(1,2) | 500 FIFTH AVENUE, SUITE 2320, NEW YORK NY 10110 |
Putnam Eugene S Jr | officer: Chief Financial Officer | C/O AEGIS MORTGAGE CORPORATION, 3250 BRIARPARK, SUITE 400, HOUSTON TX 77042 |
Mark Monroe Anderson | director | C/O 8285 WEST LAKE PLEASANT PARKWAY PEORIA AZ 85382 |
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