What is Vantage Drilling International Quick Ratio?
Vantage Drilling InternationalVTDRF 8 Quick Ratio is 1.44 as of Dec. 2022. GuruFocus rates VTDRF with a GF Score™ of 8/100. Among 1,014 Oil & Gas companies, Vantage Drilling International ranks worse than 98619.23% on this metric.
Vantage Drilling International has a quick ratio of 1.44. It generally indicates good short-term financial strength.
The historical rank and industry rank for Vantage Drilling International's Quick Ratio or its related term are showing as below:
VTDRF's Quick Ratio is not ranked *
in the Oil & Gas industry.
Industry Median: 1.12 * Ranked among companies with meaningful Quick Ratio only.
Vantage Drilling International (OTCPK:VTDRF) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Vantage Drilling International Quick Ratio Related Terms
Vantage Drilling International Quick 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.
For the Oil & Gas Drilling subindustry, Vantage Drilling International's Quick Ratio, along with its competitors' market caps and Quick 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.
Vantage Drilling International Quick Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Vantage Drilling International's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Vantage Drilling International's Quick Ratio falls into.
Vantage Drilling International Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
* 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.
Vantage Drilling International (VTDRF) has a Quick Ratio of 1.44 as of Dec. 2022. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Vantage Drilling International and its competitors. According to the industry distribution chart, Vantage Drilling International ranks #999999 out of 1014 companies in the Oil & Gas industry.
Is Vantage Drilling International's Quick Ratio too high?
Vantage Drilling International's current Quick Ratio is 1.44. The Oil & Gas industry median Quick Ratio is 1.12. Vantage Drilling International's value of 1.44 is 28.6% above this industry median. Based on the distribution chart, Vantage Drilling International ranks #999999 out of 1014 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Vantage Drilling International has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Vantage Drilling International's Quick Ratio compare to SOC and NBR?
According to the Oil & Gas industry distribution chart, Vantage Drilling International ranks #999999 out of 1014 companies for Quick Ratio. This places Vantage Drilling International in the lower half of its industry. The industry median Quick Ratio is 1.12. Vantage Drilling International's value of 1.44 is 28.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for an Oil & Gas company?
The median Quick Ratio among Oil & Gas companies is 1.12, based on 1,014 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vantage Drilling International's current Quick Ratio of 1.44 is 28.6% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Vantage Drilling International and its competitors. For the Oil & Gas industry, the median Quick Ratio is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vantage Drilling International's current Quick Ratio is 1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vantage Drilling International stock overvalued right now?
Vantage Drilling International (VTDRF) has a current Quick Ratio of 1.44. The current Quick Ratio is 1.44 and 28.6% above the Oil & Gas industry median of 1.12. Vantage Drilling International's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Vantage Drilling International (VTDRF), the current Quick Ratio is 1.44 as of Dec. 2022. 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.
Vantage Drilling International Business Description
Vantage Drilling International Ltd is an international offshore drilling company engaged in providing contract drilling services and related support services. The company operates through two segments: Drilling Services, which includes activities related to owned rigs, and Managed Services, which involves managing and supporting rigs owned by third parties. It mainly provides offshore drilling services to oil and gas companies in international markets.
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