Gear Energy Ltd.

Gear Energy Ltd.verified

GXE.TO

Price:

$0.52

Market Cap:

$137.07M

Gear Energy Ltd., an exploration and production company, acquires, develops, and holds interests in petroleum and natural gas properties and assets in Canada. Its properties include the Celtic/Paradise Hill property located approximately 40 kilometers northeast of Lloydminster Alberta; the Wildmere field situated approximately 200 kilometers southeast of Edmonton, Alberta; the Wilson Creek property located in Central Alberta; and the Tableland property situated southwest of Estevan in Southeast Saskatchewan. As of December 31, 2021, the company's Celtic/Paradise Hill property had proved plus probable reserves of 4,047 thousand barrels (Mbbls) of heavy crude oil; the Wildmere field had proved...[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2013-11-18

Stock Exchange

TSX

Ticker

GXE.TO

The Current Ratio as of November 2024 (TTM) for Gear Energy Ltd. (GXE.TO) is 0.95

According to Gear Energy Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 0.95. This represents a change of -6.98% compared to the average of 1.03 of the last 4 quarters.

Gear Energy Ltd. (GXE.TO) Historical Current Ratio (quarterly & annually)

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

The mean historical Current Ratio of Gear Energy Ltd. over the last ten years is 0.94. The current 0.95 Current Ratio has changed 10.08% with respect to the historical average. Over the past ten years (40 quarters), GXE.TO's Current Ratio was at its highest in in the June 2017 quarter at 1.76. The Current Ratio was at its lowest in in the September 2015 quarter at 0.22.

Quarterly (TTM)
Annual

Average

0.94

Median

1.03

Minimum

0.31

Maximum

1.40

Gear Energy Ltd. (GXE.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Gear 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 = 226.45%

Maximum Annual Current Ratio = 1.40

Minimum Annual Increase = -52.98%

Minimum Annual Current Ratio = 0.31

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.047.57%
20220.96-6.25%
20211.03-17.06%
20201.2488.14%
20190.66-52.98%
20181.401.23%
20171.3832.49%
20161.04226.45%
20150.323.49%
20140.3164.09%

Gear Energy Ltd. (GXE.TO) Average Current Ratio

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

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

3-year avg

1.01

5-year avg

0.98

10-year avg

0.94

Gear Energy Ltd. (GXE.TO) Current Ratio vs. Peers

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

Gear Energy Ltd.’s Current Ratio is greater than Cardinal Energy Ltd. (0.73), greater than Tamarack Valley Energy Ltd. (0.73), less than Athabasca Oil Corporation (2.54), less than Headwater Exploration Inc. (1.53), greater than NuVista Energy Ltd. (0.90),

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