LRDC
Price:
$0.87475
Market Cap:
$67.13M
Laredo Oil, Inc., an oil exploration and production company, engages in the acquisition and exploration of mature oil fields, and recovers stranded oil from those fields using enhanced oil recovery methods. The company was formerly known as Laredo Mining, Inc. and changed its name to Laredo Oil, Inc. in October 2009. Laredo Oil, Inc. was incorporated in 2008 and is based in Austin, Texas.
Industry
Oil & Gas Exploration & Production
IPO Date
2009-11-06
Stock Exchange
OTC
Ticker
LRDC
According to Laredo Oil, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.03. This represents a change of -51.98% compared to the average of 0.07 of the last 4 quarters.
The mean historical Current Ratio of Laredo Oil, Inc. over the last ten years is 0.20. The current 0.03 Current Ratio has changed 1.58% with respect to the historical average. Over the past ten years (40 quarters), LRDC's Current Ratio was at its highest in in the February 2021 quarter at 0.95. The Current Ratio was at its lowest in in the February 2023 quarter at 0.00.
Average
0.20
Median
0.16
Minimum
0.01
Maximum
0.59
Discovering the peaks and valleys of Laredo Oil, Inc. 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 = 2.77%
Maximum Annual Current Ratio = 0.59
Minimum Annual Increase = -95.38%
Minimum Annual Current Ratio = 0.01
| Year | Current Ratio | Change |
|---|---|---|
| 2025 | 0.02 | -85.17% |
| 2024 | 0.16 | 2.77% |
| 2023 | 0.01 | -77.28% |
| 2022 | 0.02 | -95.38% |
| 2021 | 0.52 | -13.08% |
| 2020 | 0.59 | 242.53% |
| 2019 | 0.17 | 19.53% |
| 2018 | 0.15 | -12.24% |
| 2017 | 0.17 | -32.91% |
| 2016 | 0.25 | 83.04% |
The current Current Ratio of Laredo Oil, Inc. (LRDC) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
0.06
5-year avg
0.14
10-year avg
0.20
Laredo Oil, Inc.’s Current Ratio is less than Sonoro Energy Ltd. (0.84), less than ADX Energy Ltd (1.78), greater than Petro-Victory Energy Corp. (0.03), less than Avanti Helium Corp. (0.24), less than Prairie Provident Resources Inc. (0.18), less than TAG Oil Ltd. (3.75), less than Elixir Energy Limited (16.55), less than Chariot Limited (1.70), less than Unit Corporation (3.26), less than The Reserve Petroleum Company (0.12),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0.84 | $8.90M | |
| 1.78 | $5.86M | |
| 0.03 | $7.20M | |
| 0.24 | $13.90M | |
| 0.18 | $27.89M | |
| 3.75 | $13.59M | |
| 16.55 | $23.67M | |
| 1.70 | $31.55M | |
| 3.26 | $324.58M | |
| 0.12 | $26.71M |
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What is the 5-year average Current Ratio for Laredo Oil, Inc. (LRDC)?
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