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. Permex Petroleum's current ratio for the quarter that ended in Jun. 2025 was 0.23.
Permex Petroleum has a current ratio of 0.23. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Permex Petroleum 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 Permex Petroleum's Current Ratio or its related term are showing as below:
OILCF'
s Current Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.23 Max: 9.78
Current: 0.23
During the past 8 years, Permex Petroleum's highest Current Ratio was 9.78. The lowest was 0.02. And the median was 0.23.
OILCF's Current Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.35
vs OILCF: 0.23
Permex Petroleum (OTCPK:OILCF) 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.
Permex Petroleum Current Ratio Related Terms
Permex Petroleum Current Ratio Historical Data
* Premium members only.
The historical data trend for Permex Petroleum'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.
OILCF vs FECOF, PTCO, GRVE: Current Ratio Comparison
For the Oil & Gas E&P subindustry, Permex Petroleum'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.
Permex Petroleum Current Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Permex Petroleum's Current Ratio distribution charts can be found below:
* The bar in red indicates where Permex Petroleum'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.
Permex Petroleum (OILCF) has a Current Ratio of 0.23 as of Jun. 2025. This is near median its historical median of 0.23. Over the past decade, Permex Petroleum's Current Ratio has ranged from 0.02 to 9.78.
Is Permex Petroleum's Current Ratio too high?
Permex Petroleum's current Current Ratio of 0.23 is near median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 9.78. The Oil & Gas industry median Current Ratio is 1.35. Permex Petroleum's value of 0.23 is 83% below this industry median. Overall, Permex Petroleum has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Permex Petroleum's Current Ratio compare to FECOF and PTCO?
Permex Petroleum's Current Ratio of 0.23 can be compared against companies in the Oil & Gas industry. The industry median Current Ratio is 1.35. Permex Petroleum's value of 0.23 is 83% below this benchmark. Historically, Permex Petroleum's own Current Ratio has ranged from 0.02 to 9.78 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 1.35, Permex Petroleum has consistently been below 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 1,011 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. Permex Petroleum's current Current Ratio of 0.23 is 83% below 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. Permex Petroleum's current Current Ratio is 0.23, which is near median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Permex Petroleum stock overvalued right now?
Permex Petroleum (OILCF) has a current Current Ratio of 0.23. The stock's GF Value™ is $3.80, compared to a current price of $3.27 — trading 13.9% below its estimated fair value. The current Current Ratio is 0.23, which is near median its 10-year median of 0.23 and 83% below the Oil & Gas industry median of 1.35. Permex Petroleum's overall GF Score™ is 57/100 with 5 warning signs 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 Permex Petroleum (OILCF), the current Current Ratio is 0.23 as of Jun. 2025. 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.
Is Permex Petroleum (OILCF) Overvalued in 2026?
Based on GuruFocus' analysis, Permex Petroleum stock appears to be undervalued.
The current stock price of $3.27 is trading 13.9% below its estimated GF Value™ of $3.80.
Key valuation signals for OILCF:
Current Ratio: 0.23 (near median its 10-year median of 0.23)
GF Value™: $3.80 vs. price of $3.27 (13.9% below fair value)
No single metric tells the full story. See the OILCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum U.S. Corporation owns and operates on private, state, and federal land. The company has a single reportable segment which is acquisition, development, and production of oil and gas properties in the United States.
57GF Score
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