Cardinal Energy Ltd.

Cardinal Energy Ltd.verified

CJ.TO

Price:

$6.45

Market Cap:

$1.03B

Cardinal Energy Ltd. engages in the acquisition, exploration, and production of low decline light, medium, and heavy quality oil, and natural gas in Western Canada. It has operations in the provinces of Alberta and Saskatchewan. As of February 24, 2022, the company had total proved plus probable oil and gas reserves are 110,391 thousand barrels of oil equivalent. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2014-01-07

Stock Exchange

TSX

Ticker

CJ.TO

The Current Ratio as of September 2024 (TTM) for Cardinal Energy Ltd. (CJ.TO) is 0.73

According to Cardinal Energy Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 0.73. This represents a change of 10.00% compared to the average of 0.66 of the last 4 quarters.

Cardinal Energy Ltd. (CJ.TO) Historical Current Ratio (quarterly & annually)

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

The mean historical Current Ratio of Cardinal Energy Ltd. over the last ten years is 0.87. The current 0.73 Current Ratio has changed 8.31% with respect to the historical average. Over the past ten years (40 quarters), CJ.TO's Current Ratio was at its highest in in the December 2014 quarter at 2.09. The Current Ratio was at its lowest in in the June 2020 quarter at 0.10.

Quarterly (TTM)
Annual

Average

0.87

Median

0.64

Minimum

0.34

Maximum

2.09

Cardinal Energy Ltd. (CJ.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Cardinal Energy 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 = 122.60%

Maximum Annual Current Ratio = 2.09

Minimum Annual Increase = -68.32%

Minimum Annual Current Ratio = 0.34

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.54-15.02%
20220.63-1.83%
20210.6513.99%
20200.5769.23%
20190.34-68.32%
20181.0643.77%
20170.7443.77%
20160.51-66.96%
20151.55-25.93%
20142.09122.60%

Cardinal Energy Ltd. (CJ.TO) Average Current Ratio

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

The current Current Ratio of Cardinal Energy Ltd. (CJ.TO) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

0.61

5-year avg

0.54

10-year avg

0.87

Cardinal Energy Ltd. (CJ.TO) Current Ratio vs. Peers

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

Cardinal Energy Ltd.’s Current Ratio is less than Tamarack Valley Energy Ltd. (0.90), less than Gear Energy Ltd. (0.95), less than Whitecap Resources Inc. (0.94), less than Athabasca Oil Corporation (2.46), greater than Surge Energy Inc. (0.50),

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