Oceaneering International Inc (OII)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Total current assets	US$ in thousands	1,387,900	1,411,100	1,337,130	1,237,490	1,305,660	1,458,590	1,375,320	1,305,290	1,297,060	1,219,740	1,147,760	1,142,720	1,188,000	1,185,140	1,228,880	1,161,520	1,170,260	1,125,820	1,131,910	1,151,910
Total current liabilities	US$ in thousands	796,938	800,143	776,945	703,378	732,476	800,474	615,044	575,228	568,414	515,725	472,739	465,435	501,161	451,246	479,523	416,743	437,116	431,175	452,444	485,733
Current ratio		1.74	1.76	1.72	1.76	1.78	1.82	2.24	2.27	2.28	2.37	2.43	2.46	2.37	2.63	2.56	2.79	2.68	2.61	2.50	2.37

December 31, 2024 calculation

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

Oceaneering International Inc's current ratio has displayed fluctuations over the periods provided. From March 31, 2020, to June 30, 2021, the current ratio showed a generally increasing trend, reaching a peak of 2.79 on March 31, 2021. This indicates the company had a strong ability to cover its short-term obligations with its current assets during this period.

However, from December 31, 2021, to December 31, 2024, the current ratio experienced a downward trend, dropping to 1.74 on December 31, 2024. This decline suggests a potential weakening in the company's short-term liquidity position, which could raise concerns about its ability to meet immediate financial obligations.

The gradual decrease in the current ratio may signal a need for closer monitoring of Oceaneering International Inc's working capital management and short-term financial health to ensure that it can sustain its operations effectively in the future.