Oceaneering International Inc (OII)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	1,387,900	1,305,660	1,297,060	1,188,000	1,170,260
Total current liabilities	US$ in thousands	796,938	732,476	568,414	501,161	437,116
Current ratio		1.74	1.78	2.28	2.37	2.68

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,387,900K ÷ $796,938K
= 1.74

The current ratio of Oceaneering International Inc has shown a gradual decline over the years. As of December 31, 2020, the current ratio was 2.68, indicating that the company had $2.68 in current assets for every $1 in current liabilities. However, by December 31, 2024, the current ratio had decreased to 1.74, suggesting a lower proportion of current assets relative to current liabilities.

While a current ratio above 1 typically indicates a company's ability to cover its short-term obligations, the decreasing trend in Oceaneering International Inc's current ratio may raise concerns about its liquidity position and ability to meet its short-term financial obligations in the future. It is important for the company to closely monitor its liquidity management to ensure it maintains a healthy balance between its current assets and liabilities.