SHSE:600968'
s Current Ratio Range Over the Past 10 Years
Min: 0.89 Med: 1.54 Max: 1.75
Current: 1.75
During the past 13 years, CNOOC Energy Technology & Services's highest Current Ratio was 1.75. The lowest was 0.89. And the median was 1.54.
SHSE:600968's Current Ratio is ranked better than 62.55% of 1012
companies
in the Oil & Gas industry
Industry Median: 1.35
vs SHSE:600968: 1.75
CNOOC Energy Technology & Services (SHSE:600968) 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.
CNOOC Energy Technology & Services Current Ratio Related Terms
CNOOC Energy Technology & Services 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.
CNOOC Energy Technology & Services Current Ratio Chart
SHSE:600968 vs SLB, BKR, HAL: Current Ratio Comparison
For the Oil & Gas Equipment & Services subindustry, CNOOC Energy Technology & 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.
CNOOC Energy Technology & Services Current Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CNOOC Energy Technology & Services's Current Ratio distribution charts can be found below:
* The bar in red indicates where CNOOC Energy Technology & Services'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.
CNOOC Energy Technology & Services (SHSE:600968) has a Current Ratio of 1.75 as of Mar. 2026. This is 14% above median its historical median of 1.54. Over the past decade, CNOOC Energy Technology & Services' Current Ratio has ranged from 0.89 to 1.75. According to the industry distribution chart, CNOOC Energy Technology & Services ranks #379 out of 1012 companies in the Oil & Gas industry, placing it in the top 37.5%.
Is CNOOC Energy Technology & Services' Current Ratio too high?
CNOOC Energy Technology & Services' current Current Ratio of 1.75 is 14% above median its 10-year median of 1.54. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 1.75. The Oil & Gas industry median Current Ratio is 1.35. CNOOC Energy Technology & Services' value of 1.75 is 29.6% above this industry median. Based on the distribution chart, CNOOC Energy Technology & Services ranks #379 out of 1012 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, CNOOC Energy Technology & Services has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CNOOC Energy Technology & Services' Current Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, CNOOC Energy Technology & Services ranks #379 out of 1012 companies for Current Ratio. This puts CNOOC Energy Technology & Services in the upper half of its industry. The industry median Current Ratio is 1.35. CNOOC Energy Technology & Services' value of 1.75 is 29.6% above this benchmark. Historically, CNOOC Energy Technology & Services' own Current Ratio has ranged from 0.89 to 1.75 over the past decade. While the company's 10-year median is 1.54 vs. the industry median of 1.35, CNOOC Energy Technology & Services 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 1,012 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. CNOOC Energy Technology & Services's current Current Ratio of 1.75 is 29.6% 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. CNOOC Energy Technology & Services's current Current Ratio is 1.75, which is 14% above median its own 10-year median of 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNOOC Energy Technology & Services stock overvalued right now?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services (SHSE:600968) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥3.91, compared to a current price of ¥3.45 — trading 11.8% below its estimated fair value. The current Current Ratio is 1.75, which is 14% above median its 10-year median of 1.54 and 29.6% above the Oil & Gas industry median of 1.35. CNOOC Energy Technology & Services' overall GF Score™ is 89/100 with 2 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 CNOOC Energy Technology & Services (SHSE:600968), the current Current Ratio is 1.75 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.
Is CNOOC Energy Technology & Services (SHSE:600968) Overvalued in 2026?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services stock appears to be undervalued.
The current stock price of ¥3.45 is trading 11.8% below its estimated GF Value™ of ¥3.91.
GuruFocus considers CNOOC Energy Technology & Services to be Modestly Undervalued.
Key valuation signals for SHSE:600968:
Current Ratio: 1.75 (14% above median its 10-year median of 1.54)
GF Value™: ¥3.91 vs. price of ¥3.45 (11.8% below fair value)
Industry Position: 29.6% above the Oil & Gas median (#379 of 1012)
No single metric tells the full story. See the SHSE:600968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CNOOC Energy Technology & Services Business Description
CNOOC Energy Technology & Services Ltd is a diversified industrial group that covers majority of the upstream and downstream sectors of the oil and gas industry chain, forming four core business segments: Energy technology services; Floating Production Storage and Offloading (FPSO) Production Technical Service segment; Energy logistics services; and the Safety, environmental protection and Energy conservation.
89GF Score
Get the complete analysis for SHSE:600968
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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