VAR.OL
Price:
$32.16
Market Cap:
$7.96B
Var Energi AS, an independent upstream oil and gas company, explores for, develops, and produces hydrocarbons. The company operates four fields on the Norwegian continental shelf, including the Goliat, Marulk, Balder, and Ringhorne and Ringhorne East fields located in the Barents, the Norwegian, and the North Sea, as well as holds ownership interests in 32 producing partner-operated fields on the Norwegian continental shelf. It has reserves of 1,147 million barrels of oil equivalent on the Norwegian continental shelf. The company was formerly known as Eni Norge AS and changed its name to Var Energi AS in December 2018. The company was founded in 1965 and is based in Sandnes, Norway. Var Ener...[Read more]
Industry
Oil & Gas Exploration & Production
IPO Date
2022-02-16
Stock Exchange
OSL
Ticker
VAR.OL
According to Vår Energi AS’s latest financial reports and current stock price. The company's current Current Ratio is 0.75. This represents a change of 6.90% compared to the average of 0.70 of the last 4 quarters.
The mean historical Current Ratio of Vår Energi AS over the last ten years is 0.81. The current 0.75 Current Ratio has changed 9.14% with respect to the historical average. Over the past ten years (40 quarters), VAR.OL's Current Ratio was at its highest in in the December 2020 quarter at 1.58. The Current Ratio was at its lowest in in the March 2021 quarter at 0.
Average
0.81
Median
0.67
Minimum
0.52
Maximum
1.58
Discovering the peaks and valleys of Vår Energi AS 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 = 151.36%
Maximum Annual Current Ratio = 1.58
Minimum Annual Increase = -58.17%
Minimum Annual Current Ratio = 0.52
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 0.67 | -14.48% |
| 2023 | 0.78 | 50.24% |
| 2022 | 0.52 | -21.59% |
| 2021 | 0.66 | -58.17% |
| 2020 | 1.58 | 151.36% |
The current Current Ratio of Vår Energi AS (VAR.OL) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
0.66
5-year avg
0.84
10-year avg
0.81
Vår Energi AS’s Current Ratio is less than Frontline Ltd. (1.88), less than Subsea 7 S.A. (0.97), less than OKEA Asa (1.38), less than Aker BP ASA (1.22), less than Panoro Energy ASA (1.92), less than BW Energy Limited (1.59), less than Zenith Energy Ltd. (1.31), less than BlueNord ASA (1.41), less than DNO ASA (0.96), less than Odfjell Drilling Ltd. (0.85),
| Company | Current Ratio | Market cap |
|---|---|---|
| 1.88 | $52.49B | |
| 0.97 | $59.30B | |
| 1.38 | $2.32B | |
| 1.22 | $159.80B | |
| 1.92 | $2.35B | |
| 1.59 | $9.87B | |
| 1.31 | $170.15M | |
| 1.41 | $11.87B | |
| 0.96 | $14.82B | |
| 0.85 | $21.22B |
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What is the 5-year average Current Ratio for Vår Energi AS (VAR.OL)?
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