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Lowest Current Ratio in the Oil & Gas Drilling Industry Detected in Shares of Seadrill Ltd (SDRL, UNT, PTEN, NBR, ICD)

By Amy Schwartz

Below are the three companies in the Oil & Gas Drilling industry with the lowest 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.

Seadrill Ltd ranks lowest with a a current ratio of 0.2. Following is Unit Corp with a a current ratio of 0.7. Patterson-Uti ranks third lowest with a a current ratio of 1.4.

Nabors Inds Ltd follows with a a current ratio of 1.6, and Independence Con rounds out the bottom five with a a current ratio of 1.6.

SmarTrend recommended that its subscribers protect gains by selling shares of Nabors Inds Ltd on October 24th, 2018 by issuing a Downtrend alert when the shares were trading at $5.29. Since that call, shares of Nabors Inds Ltd have fallen 42.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest current ratio seadrill ltd unit corp patterson-uti nabors inds ltd independence con

Ticker(s): SDRL UNT PTEN NBR ICD