Orbit Garant Drilling Inc.

Orbit Garant Drilling Inc.verified

OGD.TO

Price:

$0.53

Market Cap:

$19.81M

Orbit Garant Drilling Inc. provides mineral drilling services in Canada, the United States, South America, and West Africa. It provides underground and surface diamond drilling services to mining companies through various stages of mineral exploration, mine development, and production. The company also offers geotechnical and water drilling services to mining or mineral exploration companies, engineering and environmental consultant firms, and government agencies. In addition, it manufactures and sells conventional and specialized drill rigs. As of June 30, 2021, the company operated 223 drill rigs, including 101 underground drills and 122 drill rigs. Orbit Garant Drilling Inc. was founded i...[Read more]

Industry

Industrial Materials

IPO Date

2008-07-24

Stock Exchange

TSX

Ticker

OGD.TO

The Current Ratio as of September 2024 (TTM) for Orbit Garant Drilling Inc. (OGD.TO) is 2.37

According to Orbit Garant Drilling Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.37. This represents a change of -5.89% compared to the average of 2.51 of the last 4 quarters.

Orbit Garant Drilling Inc. (OGD.TO) Historical Current Ratio (quarterly & annually)

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

The mean historical Current Ratio of Orbit Garant Drilling Inc. over the last ten years is 2.94. The current 2.37 Current Ratio has changed 7.95% with respect to the historical average. Over the past ten years (40 quarters), OGD.TO's Current Ratio was at its highest in in the December 2014 quarter at 5.76. The Current Ratio was at its lowest in in the December 2020 quarter at 1.66.

Quarterly (TTM)
Annual

Average

2.94

Median

2.93

Minimum

1.89

Maximum

4.54

Orbit Garant Drilling Inc. (OGD.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Orbit Garant Drilling 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 = 65.55%

Maximum Annual Current Ratio = 4.54

Minimum Annual Increase = -48.62%

Minimum Annual Current Ratio = 1.89

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.607.62%
20222.41-2.73%
20212.48-18.64%
20203.057.29%
20192.84-9.20%
20183.1365.55%
20171.89-44.94%
20163.43-24.41%
20154.5449.94%
20143.03-48.62%

Orbit Garant Drilling Inc. (OGD.TO) Average Current Ratio

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

The current Current Ratio of Orbit Garant Drilling Inc. (OGD.TO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.50

5-year avg

2.67

10-year avg

2.94

Orbit Garant Drilling Inc. (OGD.TO) Current Ratio vs. Peers

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

Orbit Garant Drilling Inc.’s Current Ratio is greater than Foraco International SA (1.40), less than Geodrill Limited (2.59), less than Major Drilling Group International Inc. (3.35), less than McCoy Global Inc. (3.13), greater than Bri-Chem Corp. (1.46),

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