Relatively Low Current Ratio Detected in Shares of Subsea 7 SA in the Oil & Gas Equipment & Services Industry (SUBCY, TTI, SLB, WFT, MTRX)
Below are the three companies in the Oil & Gas Equipment & Services 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.
Subsea 7 SA ranks lowest with a a current ratio of 1.1. Following is Tetra Technologies with a a current ratio of 1.4. Schlumberger ranks third lowest with a a current ratio of 1.5.
Weatherford International follows with a a current ratio of 1.6, and Matrix Service rounds out the bottom five with a a current ratio of 1.6.
SmarTrend recommended that its subscribers protect gains by selling shares of Weatherford International on June 28th, 2016 by issuing a Downtrend alert when the shares were trading at $5.44. Since that call, shares of Weatherford International have fallen 29.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: lowest current ratio subsea 7 sa tetra technologies Schlumberger weatherford international matrix service