AKTAF
Price:
$2.56
Market Cap:
$133.09M
Established in 1964 and headquartered in Calgary, Canada, AKITA Drilling Ltd. is a contractor providing specialized drilling services to the oil and gas industry throughout Canada and the United States. Its operations encompass the drilling of oil and gas wells, auxiliary drilling for potash mining, and the creation of storage caverns. The company distinguishes itself with its focus on custom-built pad and other specialized drilling rigs, in addition to conventional drilling solutions. As of December 31, 2021, AKITA maintained a fleet of 14 wholly owned and operated drilling rigs in Canada, alongside 8 XDR 500 and 3 XDR 850XE rigs in the United States.
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 2.66. This represents a change of 20.14% compared to the average of 2.22 of the last 4 quarters.
The mean historical Current Ratio of AKITA Drilling Ltd. over the last ten years is 1.93. The current 2.66 Current Ratio has changed 13.66% 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
1.93
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 = 83.35%
Maximum Annual Current Ratio = 4.49
Minimum Annual Increase = -55.04%
Minimum Annual Current Ratio = 1.14
| Year | Current Ratio | Change |
|---|---|---|
| 2025 | 2.04 | 23.73% |
| 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% |
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
1.76
10-year avg
1.93
AKITA Drilling Ltd.’s Current Ratio is greater than Western Energy Services Corp. (1.82), greater than Canacol Energy Ltd (0.59), greater than Arrow Exploration Corp. (1.16), less than Africa Energy Corp. (7.93), greater than SPT Energy Group Inc. (1.33), less than Echelon Resources Limited (2.76), greater than Feishang Anthracite Resources Limited (0.03), less than SPARQ Corp. (16.32), less than McCoy Global Inc. (2.71), less than Peninsula Energy Limited (5.18),
| Company | Current Ratio | Market cap |
|---|---|---|
| 1.82 | $77.82M | |
| 0.59 | $36.17M | |
| 1.16 | $105.77M | |
| 7.93 | $68.04M | |
| 1.33 | $33.83M | |
| 2.76 | $44.79M | |
| 0.03 | $64.06M | |
| 16.32 | $104.27M | |
| 2.71 | $45.34M | |
| 5.18 | $154.91M |
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