Nine Energy Service, Inc.

Nine Energy Service, Inc.verified

NINE

Price:

$1.02

Market Cap:

$43.21M

Nine Energy Service, Inc. operates as an onshore completion services provider that targets unconventional oil and gas resource development across North American basins and internationally. It offers cementing services, which consist of blending high-grade cement and water with various solid and liquid additives to create a cement slurry that is pumped between the casing and the wellbore of the well. The company also provides a portfolio of completion tools, such as liner hangers and accessories, fracture isolation packers, frac sleeves, stage one prep tools, frac plugs, casing flotation tools, specialty open hole float equipment, disk subs, composite cement retainers, and centralizers that p...[Read more]

Industry

Oil & Gas Equipment & Services

IPO Date

2018-01-19

Stock Exchange

NYSE

Ticker

NINE

The Current Ratio as of November 2024 (TTM) for Nine Energy Service, Inc. (NINE) is 2.46

According to Nine Energy Service, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.46. This represents a change of 8.11% compared to the average of 2.27 of the last 4 quarters.

Nine Energy Service, Inc. (NINE) Historical Current Ratio (quarterly & annually)

How has NINE Current Ratio performed in the past?

The mean historical Current Ratio of Nine Energy Service, Inc. over the last ten years is 2.31. The current 2.46 Current Ratio has changed 10.56% with respect to the historical average. Over the past ten years (40 quarters), NINE's Current Ratio was at its highest in in the June 2020 quarter at 7.20. The Current Ratio was at its lowest in in the March 2016 quarter at 0.

Quarterly (TTM)
Annual

Average

2.31

Median

2.37

Minimum

0

Maximum

4.39

Nine Energy Service, Inc. (NINE) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Nine Energy Service, 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 = 4.39

Minimum Annual Increase = -71.96%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.22-8.63%
20222.43-1.58%
20212.47-35.53%
20203.83-12.88%
20194.3942.78%
20183.08498.52%
20170.51-71.96%
20161.83-20.60%
20152.31Infinity%

Nine Energy Service, Inc. (NINE) Average Current Ratio

How has NINE Current Ratio performed in the past?

The current Current Ratio of Nine Energy Service, Inc. (NINE) is greater than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

2.37

5-year avg

3.07

10-year avg

2.31

Nine Energy Service, Inc. (NINE) Current Ratio vs. Peers

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

Nine Energy Service, Inc.’s Current Ratio is greater than Liberty Energy Inc. (1.23), greater than ProFrac Holding Corp. (1.01), greater than Helix Energy Solutions Group, Inc. (2.29), less than Newpark Resources, Inc. (2.61), less than Profire Energy, Inc. (0), less than Enservco Corporation (6.93), greater than Enerflex Ltd. (0.99), greater than Geospace Technologies Corporation (1.27), less than Cactus, Inc. (6.08), less than ChampionX Corporation (3.82), greater than NexTier Oilfield Solutions Inc. (1.94), greater than Dril-Quip, Inc. (1.37), less than Solaris Oilfield Infrastructure, Inc. (5.60), greater than null (1.25),

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