Granite Ridge Resources, Inc

Granite Ridge Resources, Incverified

GRNT

Price:

$6.22

Market Cap:

$813.23M

Granite Ridge Resources, Inc. manages private funds with interests in areas of the Midland, Delaware, Bakken, Eagle Ford, DJ, and Haynesville play. It invests in oil and gas exploration and production. The company is based in Dallas, Texas.[Read more]

Industry

Shell Companies

IPO Date

2020-11-06

Stock Exchange

NYSE

Ticker

GRNT

The Current Ratio as of September 2024 (TTM) for Granite Ridge Resources, Inc (GRNT) is 2.24

According to Granite Ridge Resources, Inc’s latest financial reports and current stock price. The company's current Current Ratio is 2.24. This represents a change of 2.84% compared to the average of 2.17 of the last 4 quarters.

Granite Ridge Resources, Inc (GRNT) Historical Current Ratio (quarterly & annually)

How has GRNT Current Ratio performed in the past?

The mean historical Current Ratio of Granite Ridge Resources, Inc over the last ten years is 1.61. The current 2.24 Current Ratio has changed 13.81% with respect to the historical average. Over the past ten years (40 quarters), GRNT's Current Ratio was at its highest in in the September 2022 quarter at 3.89. The Current Ratio was at its lowest in in the December 2021 quarter at 0.25.

Quarterly (TTM)
Annual

Average

1.61

Median

2.28

Minimum

0

Maximum

2.88

Granite Ridge Resources, Inc (GRNT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Granite Ridge Resources, Inc 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 = Infinity%

Maximum Annual Current Ratio = 2.88

Minimum Annual Increase = -20.88%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.447.00%
20222.28-20.88%
20212.88564.99%
20200.43Infinity%

Granite Ridge Resources, Inc (GRNT) Average Current Ratio

How has GRNT Current Ratio performed in the past?

The current Current Ratio of Granite Ridge Resources, Inc (GRNT) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.54

5-year avg

1.61

10-year avg

1.61

Granite Ridge Resources, Inc (GRNT) Current Ratio vs. Peers

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

Granite Ridge Resources, Inc’s Current Ratio is less than Epsilon Energy Ltd. (2.47), greater than SilverBow Resources, Inc. (0.63), greater than Gulfport Energy Corporation (0.79), greater than North European Oil Royalty Trust (1.57), greater than Earthstone Energy, Inc. (0.47), less than PHX Minerals Inc. (5.05), less than California Resources Corporation (2.43), less than Mexco Energy Corporation (6.88), greater than XXL Energy Corp. (0.01), greater than Coastal Caribbean Oils & Minerals, Ltd. (0.01), greater than Evolution Petroleum Corporation (1.37), greater than GeoPark Limited (1.16), greater than PrimeEnergy Resources Corporation (0.61), greater than Crescent Energy Company (1.87),

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