ChampionX Corporation

ChampionX Corporationverified

CHX

Price:

$32.755

Market Cap:

$6.24B

ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies worldwide. The company's Production Chemical Technologies segment offers onshore and offshore chemical solutions, such as corrosion inhibitors, scale inhibitors, emulsion breakers, and biocides to oil and natural gas production and midstream markets to manage and control corrosion, oil and water separation, flow assurance, sour gas treatment, and water-related issues. The company's Production & Automation Technologies segment provides artificial lift equipment, end-to-end automation and digital solutions, and other production equipment, including electrical submersible pumpi...[Read more]

Industry

Oil & Gas Equipment & Services

IPO Date

2018-04-27

Stock Exchange

NASDAQ

Ticker

CHX

The Current Ratio as of July 2024 (TTM) for ChampionX Corporation (CHX) is 1.83

According to ChampionX Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 1.83. This represents a change of -0.40% compared to the average of 1.84 of the last 4 quarters.

ChampionX Corporation (CHX) Historical Current Ratio (quarterly & annually)

How has CHX Current Ratio performed in the past?

The mean historical Current Ratio of ChampionX Corporation over the last ten years is 2.42. The current 1.83 Current Ratio has changed 7.46% with respect to the historical average. Over the past ten years (40 quarters), CHX's Current Ratio was at its highest in in the March 2018 quarter at 2.97. The Current Ratio was at its lowest in in the March 2017 quarter at 0.

Quarterly (TTM)
Annual

Average

2.42

Median

2.47

Minimum

1.74

Maximum

3.17

ChampionX Corporation (CHX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of ChampionX Corporation 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 = 4.38%

Maximum Annual Current Ratio = 3.17

Minimum Annual Increase = -17.72%

Minimum Annual Current Ratio = 1.74

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.824.38%
20221.74-4.19%
20211.82-10.45%
20202.03-17.72%
20192.47-5.87%
20182.63-10.14%
20172.92-7.60%
20163.16-0.30%

ChampionX Corporation (CHX) Average Current Ratio

How has CHX Current Ratio performed in the past?

The current Current Ratio of ChampionX Corporation (CHX) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.80

5-year avg

1.98

10-year avg

2.42

ChampionX Corporation (CHX) Current Ratio vs. Peers

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

ChampionX Corporation’s Current Ratio is less than Expro Group Holdings N.V. (1.85), less than Ranger Energy Services, Inc. (2.01), less than Cactus, Inc. (3.24), greater than MRC Global Inc. (1.48), greater than NexTier Oilfield Solutions Inc. (1.37), less than Dril-Quip, Inc. (5.35), greater than Solaris Oilfield Infrastructure, Inc. (1.78), greater than TechnipFMC plc (1.16), less than NOW Inc. (2.26), greater than Baker Hughes Company (1.25), greater than Oceaneering International, Inc. (1.76), less than Oil States International, Inc. (3.31), greater than Helix Energy Solutions Group, Inc. (1.68), less than RPC, Inc. (4.75), greater than Bristow Group Inc. (1.71),

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