Laredo Oil, Inc.

Laredo Oil, Inc.verified

LRDC

Price:

$0.474

Market Cap:

$34.98M

Laredo Oil, Inc., an oil exploration and production company, engages in the acquisition and exploration of mature oil fields, and recovers stranded oil from those fields using enhanced oil recovery methods. The company was formerly known as Laredo Mining, Inc. and changed its name to Laredo Oil, Inc. in October 2009. Laredo Oil, Inc. was incorporated in 2008 and is based in Austin, Texas.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2009-11-06

Stock Exchange

PNK

Ticker

LRDC

The Current Ratio as of November 2024 (TTM) for Laredo Oil, Inc. (LRDC) is 0.14

According to Laredo Oil, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.14. This represents a change of 11.89% compared to the average of 0.12 of the last 4 quarters.

Laredo Oil, Inc. (LRDC) Historical Current Ratio (quarterly & annually)

How has LRDC Current Ratio performed in the past?

The mean historical Current Ratio of Laredo Oil, Inc. over the last ten years is 0.22. The current 0.14 Current Ratio has changed 6.25% with respect to the historical average. Over the past ten years (40 quarters), LRDC's Current Ratio was at its highest in in the February 2021 quarter at 0.95. The Current Ratio was at its lowest in in the February 2023 quarter at 0.00.

Quarterly (TTM)
Annual

Average

0.22

Median

0.16

Minimum

0.01

Maximum

0.59

Laredo Oil, Inc. (LRDC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Laredo Oil, 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 = 2.77%

Maximum Annual Current Ratio = 0.59

Minimum Annual Increase = -95.38%

Minimum Annual Current Ratio = 0.01

Quarterly (TTM)
Annual
YearCurrent RatioChange
20240.162.77%
20230.01-77.28%
20220.02-95.38%
20210.52-13.08%
20200.59242.53%
20190.1719.53%
20180.15-12.24%
20170.17-32.91%
20160.2583.04%
20150.1359.80%

Laredo Oil, Inc. (LRDC) Average Current Ratio

How has LRDC Current Ratio performed in the past?

The current Current Ratio of Laredo Oil, Inc. (LRDC) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.06

5-year avg

0.26

10-year avg

0.22

Laredo Oil, Inc. (LRDC) Current Ratio vs. Peers

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

Laredo Oil, Inc.’s Current Ratio is less than ARC Resources Ltd. (0.88), less than Freehold Royalties Ltd. (2.05), less than Capricorn Energy PLC (2.56), less than Diversified Energy Company PLC (0.31), less than PrairieSky Royalty Ltd. (0.29), less than MEG Energy Corp. (0), less than Tourmaline Oil Corp. (1.55), less than Cardinal Energy Ltd. (1.11), less than Callon Petroleum Company (0.73), less than SandRidge Energy, Inc. (0.39), greater than SilverBow Resources, Inc. (0), less than Earthstone Energy, Inc. (0.63), less than Permian Resources Corporation (0.47), less than Baytex Energy Corp. (0.68), less than Magnolia Oil & Gas Corporation (0.72), less than Vital Energy, Inc. (1.47), less than Kimbell Royalty Partners, LP (0.67), less than Black Stone Minerals, L.P. (5.20), less than Sabine Royalty Trust (5.61), less than PermRock Royalty Trust (11.20), less than Dorchester Minerals, L.P. (3.05), less than null (14.21),

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