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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. Gulfslope Energy's current ratio for the quarter that ended in Jun. 2023 was 0.00.
Gulfslope Energy 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 Gulfslope Energy 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 Gulfslope Energy's Current Ratio or its related term are showing as below:
During the past 13 years, Gulfslope Energy's highest Current Ratio was 0.67. The lowest was 0.01. And the median was 0.15.
The historical data trend for Gulfslope Energy'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.
Gulfslope Energy Annual Data | |||||||||||||||||||||
Trend | Sep13 | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 0.49 | 0.31 | 0.26 | 0.12 | 0.01 |
Gulfslope Energy Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Current Ratio | Get a 7-Day Free Trial | 0.03 | 0.01 | 0.01 | 0.01 | - |
For the Oil & Gas E&P subindustry, Gulfslope Energy'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, Gulfslope Energy's Current Ratio distribution charts can be found below:
* The bar in red indicates where Gulfslope Energy'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.
Gulfslope Energy's Current Ratio for the fiscal year that ended in Sep. 2022 is calculated as
Current Ratio (A: Sep. 2022 ) | = | Total Current Assets (A: Sep. 2022 ) | / | Total Current Liabilities (A: Sep. 2022 ) |
= | 0.181 | / | 13.991 | |
= | 0.01 |
Gulfslope Energy's Current Ratio for the quarter that ended in Jun. 2023 is calculated as
Current Ratio (Q: Jun. 2023 ) | = | Total Current Assets (Q: Jun. 2023 ) | / | Total Current Liabilities (Q: Jun. 2023 ) |
= | 0.06 | / | 14.714 | |
= | 0.00 |
* 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.
Gulfslope Energy (OTCPK:GSPE) 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 Gulfslope Energy's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
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Itshak Sharon | 10 percent owner | 7, GIBOREI ISRAEL STREET, P.O.B. 8464, INDUSTRIAL ZONE SOUTH, NETANYA L3 42504 |
Delek Gom Holdings, Llc | 10 percent owner | C/O THE CORPORATION TRUST COMPANY, 1209 ORANGE STREET, WILMINGTON DE 19801 |
Delek Gom Investments, Llc | 10 percent owner | C/O THE CORPORATION TRUST COMPANY, 1209 ORANGE STREET, WILMINGTON DE 19801 |
Dkl Investments Ltd | 10 percent owner | C/O CRESTBRIDGE LIMITED, 47 ESPLANADE, ST HELIER Y9 JE1 0BD |
John Malanga | officer: Chief Financial Officer | 2500 CITY WEST, SUITE 800, HOUSTON TX 77042 |
Richard S Langdon | director | |
Paul L Morris | director | 1004 NORTH BIG SPRING STREET, MIDLAND TX 79701 |
James M. Askew | director, 10 percent owner | 3 RIVERWAY, STE. 1800, HOUSTON TX 77056 |
Brady Douglas Rodgers | officer: VICE PRESIDENT | 2500 CITYWEST BLVD, HOUSTON TX 77042 |
Ronald A Bain | officer: President and COO | 1001 FANNIN STREET, HOUSTON TX 77002 |
Moore Dwight Clint M | officer: Vice President and Secretary | 2500 CITY WEST, SUITE 800, HOUSTON TX 77042 |
John N Seitz | 10 percent owner | 4203 YOAKUM BLVD, SUITE 100, HOUSTON TX 77006 |
Connally John B Iii | other: FORMER 10% OWNER | 16MARCUS CO, 1600 ROCKCLIFF ROAD, AUSTIN TX 78746 |
Michael Doolin | 10 percent owner | 5 PEPPERWOOD DRIVE, SANDY UT 84092 |
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