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.
Peer comparison
Dec 31, 2024