Avance Gas Holding Ltd

Avance Gas Holding Ltdverified

AVACF

Price:

$11

Market Cap:

$842.90M

Avance Gas Holding Ltd, together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG). The company transports LPG from the Persian Gulf and the United States Gulf/the United States East Coast to destinations in Europe, South America, India, and Asia. As of December 31, 2021, it owned and operated through a fleet of thirteen very large gas carriers. The company was founded in 2007 and is based in Hamilton, Bermuda. Avance Gas Holding Ltd is a subsidiary of Hemen Holding Ltd.[Read more]

Industry

Oil & Gas Midstream

IPO Date

2015-06-09

Stock Exchange

PNK

Ticker

AVACF

The Current Ratio as of October 2024 (TTM) for Avance Gas Holding Ltd (AVACF) is 5.40

According to Avance Gas Holding Ltd’s latest financial reports and current stock price. The company's current Current Ratio is 5.40. This represents a change of 10.64% compared to the average of 4.88 of the last 4 quarters.

Avance Gas Holding Ltd (AVACF) Historical Current Ratio (quarterly & annually)

How has AVACF Current Ratio performed in the past?

The mean historical Current Ratio of Avance Gas Holding Ltd over the last ten years is 3.32. The current 5.40 Current Ratio has changed 16.20% with respect to the historical average. Over the past ten years (40 quarters), AVACF's Current Ratio was at its highest in in the March 2024 quarter at 8.18. The Current Ratio was at its lowest in in the March 2019 quarter at 0.26.

Quarterly (TTM)
Annual

Average

3.32

Median

2.35

Minimum

1.47

Maximum

8.13

Avance Gas Holding Ltd (AVACF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Avance Gas Holding 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 = 267.15%

Maximum Annual Current Ratio = 8.13

Minimum Annual Increase = -81.96%

Minimum Annual Current Ratio = 1.47

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.59-51.03%
20225.28141.03%
20212.1917.51%
20201.87-8.03%
20192.0318.43%
20181.71-31.86%
20172.51-53.32%
20165.38267.15%
20151.47-81.96%
20148.13185.30%

Avance Gas Holding Ltd (AVACF) Average Current Ratio

How has AVACF Current Ratio performed in the past?

The current Current Ratio of Avance Gas Holding Ltd (AVACF) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

3.35

5-year avg

2.79

10-year avg

3.32

Avance Gas Holding Ltd (AVACF) Current Ratio vs. Peers

How is AVACF’s Current Ratio compared to its peers?

Avance Gas Holding Ltd’s Current Ratio is greater than International Seaways, Inc. (3.89), greater than Tsakos Energy Navigation Limited (0), greater than Scorpio Tankers Inc. (2.67), greater than Dorian LPG Ltd. (4.60), less than Teekay Tankers Ltd. (6.52), greater than Tsakos Energy Navigation Limited (0), greater than Tsakos Energy Navigation Limited (0), greater than GasLog Partners LP (0.99), less than Dynagas LNG Partners LP (99.89), greater than GasLog Partners LP (0.99), greater than Keyera Corp. (1.30), greater than Marine Petroleum Trust (0), greater than CBL International Limited (1.86), greater than Hess Midstream LP (1.11), less than Dynagas LNG Partners LP (0), less than GasLog Ltd. (99.89), greater than GasLog Partners LP (0.90), greater than Genesis Energy, L.P. (0.99), greater than null (1.09),

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