AKTAF
Price:
$1.48
Market Cap:
$78.65M
AKITA Drilling Ltd. is an oil and gas drilling contractor in Canada and the United States. It provides contract drilling services to the oil and gas industry. The company is involved in the drilling of oil and gas wells; other forms of drilling related to potash mining; and development of storage caverns. It specializes in pad and other purpose-built drilling rigs; and conventional drilling services. As of December 31, 2021, the company had 14 wholly owned and operated drilling rigs in Canada; and 8 XDR 500 rigs and 3 XDR 850XE rigs in the United States. The company was founded in 1964 and is headquartered in Calgary, Canada.
Industry
Oil & Gas Drilling
IPO Date
2009-07-13
Stock Exchange
OTC
Ticker
AKTAF
According to AKITA Drilling Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 2.05. This represents a change of 13.57% compared to the average of 1.81 of the last 4 quarters.
The mean historical Current Ratio of AKITA Drilling Ltd. over the last ten years is 1.98. The current 2.05 Current Ratio has changed 10.29% with respect to the historical average. Over the past ten years (40 quarters), AKTAF's Current Ratio was at its highest in in the June 2016 quarter at 8.92. The Current Ratio was at its lowest in in the December 2019 quarter at 1.14.
Average
1.98
Median
1.75
Minimum
1.14
Maximum
4.49
Discovering the peaks and valleys of AKITA Drilling Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 172.29%
Maximum Annual Current Ratio = 4.49
Minimum Annual Increase = -55.04%
Minimum Annual Current Ratio = 1.14
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 1.65 | -10.96% |
| 2023 | 1.85 | -8.26% |
| 2022 | 2.02 | 58.16% |
| 2021 | 1.27 | -18.55% |
| 2020 | 1.56 | 37.44% |
| 2019 | 1.14 | -12.88% |
| 2018 | 1.31 | -35.33% |
| 2017 | 2.02 | -55.04% |
| 2016 | 4.49 | 83.35% |
| 2015 | 2.45 | 172.29% |
The current Current Ratio of AKITA Drilling Ltd. (AKTAF) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
1.84
5-year avg
1.67
10-year avg
1.98
AKITA Drilling Ltd.’s Current Ratio is greater than Western Energy Services Corp. (1.54), greater than Canacol Energy Ltd (0.57), greater than Arrow Exploration Corp. (1.02), less than Africa Energy Corp. (13.74), greater than SPT Energy Group Inc. (1.38), less than Echelon Resources Limited (2.92), greater than Feishang Anthracite Resources Limited (0.05), less than SPARQ Corp. (14.72), less than McCoy Global Inc. (2.36), greater than Peninsula Energy Limited (0.81),
| Company | Current Ratio | Market cap |
|---|---|---|
| 1.54 | $50.09M | |
| 0.57 | $36.17M | |
| 1.02 | $48.60M | |
| 13.74 | $41.69M | |
| 1.38 | $68.76M | |
| 2.92 | $44.88M | |
| 0.05 | $19.47M | |
| 14.72 | $53.25M | |
| 2.36 | $59.50M | |
| 0.81 | $143.36M |
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