Helium EvolutionHEEVF 26 Current Ratio is 3.61 as of Mar. 2026, which is 59% below its 10-year median of 8.88. GuruFocus rates HEEVF with a GF Score™ of 26/100. The stock has 1 warning sign investors should review. Among 1,014 Oil & Gas companies, Helium Evolution ranks better than 83.83% 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. Helium Evolution's current ratio for the quarter that ended in Mar. 2026 was 3.61.
Helium Evolution has a current ratio of 3.61. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Helium Evolution's Current Ratio or its related term are showing as below:
HEEVF'
s Current Ratio Range Over the Past 10 Years
Min: 0.02 Med: 8.88 Max: 56.93
Current: 3.6
During the past 6 years, Helium Evolution's highest Current Ratio was 56.93. The lowest was 0.02. And the median was 8.88.
HEEVF's Current Ratio is ranked better than 83.83% of 1014
companies
in the Oil & Gas industry
Industry Median: 1.345
vs HEEVF: 3.60
Helium Evolution (OTCPK:HEEVF) 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.
Helium Evolution Current Ratio Related Terms
Helium Evolution Current Ratio Historical Data
* Premium members only.
The historical data trend for Helium Evolution'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.
For the Oil & Gas E&P subindustry, Helium Evolution'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.
Helium Evolution Current Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Helium Evolution's Current Ratio distribution charts can be found below:
* The bar in red indicates where Helium Evolution'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.
Helium Evolution (HEEVF) has a Current Ratio of 3.61 as of Mar. 2026. This is 59% below median its historical median of 8.88. Over the past decade, Helium Evolution's Current Ratio has ranged from 0.02 to 56.93. According to the industry distribution chart, Helium Evolution ranks #164 out of 1014 companies in the Oil & Gas industry, placing it in the top 16.2%.
Is Helium Evolution's Current Ratio too high?
Helium Evolution's current Current Ratio of 3.61 is 59% below median its 10-year median of 8.88. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 56.93. The Oil & Gas industry median Current Ratio is 1.35. Helium Evolution's value of 3.61 is 168.4% above this industry median. Based on the distribution chart, Helium Evolution ranks #164 out of 1014 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Helium Evolution has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Helium Evolution's Current Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Helium Evolution ranks #164 out of 1014 companies for Current Ratio. This places Helium Evolution in the top 16% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.35. Helium Evolution's value of 3.61 is 168.4% above this benchmark. Historically, Helium Evolution's own Current Ratio has ranged from 0.02 to 56.93 over the past decade. While the company's 10-year median is 8.88 vs. the industry median of 1.35, Helium Evolution has consistently been above 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 1.35, based on 1,014 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. Helium Evolution's current Current Ratio of 3.61 is 168.4% above 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 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Helium Evolution's current Current Ratio is 3.61, which is 59% below median its own 10-year median of 8.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Helium Evolution stock overvalued right now?
Helium Evolution (HEEVF) has a current Current Ratio of 3.61. The current Current Ratio is 3.61, which is 59% below median its 10-year median of 8.88 and 168.4% above the Oil & Gas industry median of 1.35. Helium Evolution's overall GF Score™ is 26/100 with 1 warning sign to review. 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 Helium Evolution (HEEVF), the current Current Ratio is 3.61 as of Mar. 2026. 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.
Helium Evolution Inc is in the early stages of exploration for and production of helium as a resource. It is a Canadian-based helium exploration company holding helium land rights position in North America, focused on developing assets in southern Saskatchewan. The company has over five million acres of land under permit near discoveries of economic helium concentrations which will support scaling the exploration and development efforts across its land base. Its projects include Mankota Development Plan, Glenbain, Fox / Hatton, and Fox / Abbey.
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