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. Ventura Offshore Holding's current ratio for the quarter that ended in Dec. 2024 was 0.62.
Ventura Offshore Holding has a current ratio of 0.62. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Ventura Offshore Holding 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 Ventura Offshore Holding's Current Ratio or its related term are showing as below:
FRA:G4C'
s Current Ratio Range Over the Past 10 Years
Min: 0.42 Med: 1.15 Max: 2.54
Current: 0.62
During the past 4 years, Ventura Offshore Holding's highest Current Ratio was 2.54. The lowest was 0.42. And the median was 1.15.
FRA:G4C's Current Ratio is ranked worse than 83.73% of 1045
companies
in the Oil & Gas industry
Industry Median: 1.37
vs FRA:G4C: 0.62
Ventura Offshore Holding 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.
* Premium members only.
Ventura Offshore Holding Current Ratio Chart
Ventura Offshore Holding Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Current Ratio
1.68
2.54
0.42
0.62
Ventura Offshore Holding Semi-Annual Data
Dec21
Dec22
Dec23
Dec24
Current Ratio
1.68
2.54
0.42
0.62
Competitive Comparison of Ventura Offshore Holding's Current Ratio
For the Oil & Gas Drilling subindustry, Ventura Offshore Holding'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.
Ventura Offshore Holding's Current Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ventura Offshore Holding's Current Ratio distribution charts can be found below:
* The bar in red indicates where Ventura Offshore Holding's Current Ratio falls into.
Ventura Offshore Holding Current Ratio Calculation
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.
Ventura Offshore Holding's Current Ratio for the fiscal year that ended in Dec. 2024 is calculated as
* 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.
Ventura Offshore Holding (FRA:G4C) 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.
Ventura Offshore Holding Current Ratio Related Terms
Thank you for viewing the detailed overview of Ventura Offshore Holding's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Ventura Offshore Holding Ltd is a deep water drilling contractor providing offshore drilling services to the oil and gas industry. The Group focuses on deep water drilling operations in water depths of up to 12,000 feet and core activities are focused in the Brazilian offshore oil and gas market. Also Group owns and operates the drillship Carolina and the semisubmersible rig Victoria (the Owned Rigs), and manages the drillship Zonda and semisubmersible rig Catarina (the Managed Rigs, and together with the Owned Rigs, the Rigs), all of which drilling rigs capable of drilling in ultra deep waters.
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