Odfjell Drillltd Dl 01 Stock Current Ratio

OD3 Stock  EUR 4.08  0.05  1.24%   
ODFJELL DRILLLTD DL 01 fundamentals help investors to digest information that contributes to ODFJELL DRILLLTD's financial success or failures. It also enables traders to predict the movement of ODFJELL Stock. The fundamental analysis module provides a way to measure ODFJELL DRILLLTD's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ODFJELL DRILLLTD stock.
  
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ODFJELL DRILLLTD DL 01 Company Current Ratio Analysis

ODFJELL DRILLLTD's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Current Ratio

 = 

Current Asset

Current Liabilities

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Current ODFJELL DRILLLTD Current Ratio

    
  0.37 X  
Most of ODFJELL DRILLLTD's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ODFJELL DRILLLTD DL 01 is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Competition

In accordance with the recently published financial statements, ODFJELL DRILLLTD DL 01 has a Current Ratio of 0.37 times. This is 73.57% lower than that of the Energy sector and 83.84% lower than that of the Oil & Gas Drilling industry. The current ratio for all Germany stocks is 82.87% higher than that of the company.

ODFJELL Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ODFJELL DRILLLTD's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ODFJELL DRILLLTD could also be used in its relative valuation, which is a method of valuing ODFJELL DRILLLTD by comparing valuation metrics of similar companies.
ODFJELL DRILLLTD is currently under evaluation in current ratio category among its peers.

ODFJELL Fundamentals

About ODFJELL DRILLLTD Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ODFJELL DRILLLTD DL 01's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ODFJELL DRILLLTD using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ODFJELL DRILLLTD DL 01 based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Other Information on Investing in ODFJELL Stock

ODFJELL DRILLLTD financial ratios help investors to determine whether ODFJELL Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ODFJELL with respect to the benefits of owning ODFJELL DRILLLTD security.