Cathedral Energy Services Ltd.

Cathedral Energy Services Ltd.verified

CET.TO

Price:

$6.3

Market Cap:

$218.92M

Cathedral Energy Services Ltd., together with its subsidiary, Cathedral Energy Services Inc., offers directional drilling services to oil and natural gas companies in western Canada and the United States. It provides directional drilling services, motor rentals, automated gamma, remote drilling, drilling optimization, and well planning services. The company was founded in 1998 and is headquartered in Calgary, Canada.[Read more]

Industry

Oil & Gas Drilling

IPO Date

1996-04-25

Stock Exchange

TSX

Ticker

CET.TO

The Current Ratio as of October 2024 (TTM) for Cathedral Energy Services Ltd. (CET.TO) is 1.46

According to Cathedral Energy Services Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 1.46. This represents a change of 1.32% compared to the average of 1.44 of the last 4 quarters.

Cathedral Energy Services Ltd. (CET.TO) Historical Current Ratio (quarterly & annually)

How has CET.TO Current Ratio performed in the past?

The mean historical Current Ratio of Cathedral Energy Services Ltd. over the last ten years is 2.08. The current 1.46 Current Ratio has changed 6.90% with respect to the historical average. Over the past ten years (40 quarters), CET.TO's Current Ratio was at its highest in in the June 2020 quarter at 3.89. The Current Ratio was at its lowest in in the September 2022 quarter at 1.35.

Quarterly (TTM)
Annual

Average

2.08

Median

2.05

Minimum

1.40

Maximum

3.31

Cathedral Energy Services Ltd. (CET.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Cathedral Energy Services 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 = 122.93%

Maximum Annual Current Ratio = 3.31

Minimum Annual Increase = -29.47%

Minimum Annual Current Ratio = 1.40

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.453.30%
20221.40-29.47%
20211.99-5.33%
20202.10-14.12%
20192.4510.81%
20182.21-14.07%
20172.57-22.25%
20163.31122.93%
20151.48-19.49%
20141.8410.93%

Cathedral Energy Services Ltd. (CET.TO) Average Current Ratio

How has CET.TO Current Ratio performed in the past?

The current Current Ratio of Cathedral Energy Services Ltd. (CET.TO) 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

1.62

5-year avg

1.88

10-year avg

2.08

Cathedral Energy Services Ltd. (CET.TO) Current Ratio vs. Peers

How is CET.TO’s Current Ratio compared to its peers?

Cathedral Energy Services Ltd.’s Current Ratio is less than Essential Energy Services Ltd. (3.42), less than PHX Energy Services Corp. (1.62), less than Western Energy Services Corp. (1.59), less than CES Energy Solutions Corp. (3.18), less than STEP Energy Services Ltd. (1.47),

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