Oceaneering International Inc (OII)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	1,305,660	1,297,060	1,188,000	1,170,260	1,244,440
Total current liabilities	US$ in thousands	732,476	568,414	501,161	437,116	600,956
Current ratio		1.78	2.28	2.37	2.68	2.07

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,305,660K ÷ $732,476K
= 1.78

The current ratio of Oceaneering International, Inc. has shown fluctuations over the past five years. As of December 31, 2023, the current ratio stands at 1.78, indicating a decrease from the previous year's ratio of 2.28.

A current ratio above 1 suggests that the company has more current assets than current liabilities, which is generally considered a positive sign of liquidity. However, the decreasing trend in the current ratio over the past two years may raise concerns about the company's ability to meet its short-term obligations.

The current ratio of 1.78 as of December 31, 2023, may indicate that Oceaneering International, Inc. has slightly less liquidity to cover its short-term liabilities compared to the previous year. Further analysis and additional financial metrics would be necessary to provide a more comprehensive understanding of the company's liquidity position and overall financial health.