Highest Current Ratio in the Integrated Oil & Gas Industry Detected in Shares of InterOil (IOC, LUKOY, OXY, BP, CVX)
Below are the three companies in the Integrated Oil & Gas industry with the highest current ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.
InterOil ranks highest with a a current ratio of 2.8. Following is Lukoil OAO with a a current ratio of 1.9. Occidental Petroleum ranks third highest with a a current ratio of 1.4.
BP follows with a a current ratio of 1.4, and Chevron rounds out the top five with a a current ratio of 1.3.
SmarTrend recommended that subscribers consider buying shares of InterOil on May 20th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $42.57. Since that recommendation, shares of InterOil have risen 19.6%. We continue to monitor InterOil for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest current ratio amex:ioc interoil lukoil oao Occidental Petroleum Chevron