Pason Systems Inc.

Pason Systems Inc.verified

PSI.TO

Price:

$13.15

Market Cap:

$1.05B

Pason Systems Inc., an energy services and technology company, provides data management systems for drilling rigs in Canada, the United States, and internationally. The company offers Electronic Drilling Recorder, which monitors and records drilling operations around the rig; DataHub for storing data and information collected from the rig for on-demand retrieval; DataLink service provides direct connection interfaces for IT systems and analytics tools; Pason Live for monitoring rig operations in real-time using desktop computers or mobile devices; and daily and end-of-well KPI reports provide visual statistics on rig performance. It also provides Drilling intelligence to suggest drilling par...[Read more]

Industry

Oil & Gas Equipment & Services

IPO Date

1998-01-23

Stock Exchange

TSX

Ticker

PSI.TO

The Current Ratio as of September 2024 (TTM) for Pason Systems Inc. (PSI.TO) is 2.62

According to Pason Systems Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.62. This represents a change of -28.21% compared to the average of 3.65 of the last 4 quarters.

Pason Systems Inc. (PSI.TO) Historical Current Ratio (quarterly & annually)

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

The mean historical Current Ratio of Pason Systems Inc. over the last ten years is 6.21. The current 2.62 Current Ratio has changed 4.12% with respect to the historical average. Over the past ten years (40 quarters), PSI.TO's Current Ratio was at its highest in in the December 2015 quarter at 12.85. The Current Ratio was at its lowest in in the September 2014 quarter at 2.53.

Quarterly (TTM)
Annual

Average

6.21

Median

5.51

Minimum

4.02

Maximum

12.85

Pason Systems Inc. (PSI.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Pason Systems 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 = 214.98%

Maximum Annual Current Ratio = 12.85

Minimum Annual Increase = -33.97%

Minimum Annual Current Ratio = 4.02

Quarterly (TTM)
Annual
YearCurrent RatioChange
20234.8420.52%
20224.02-24.66%
20215.33-20.25%
20206.6960.99%
20194.15-28.63%
20185.822.41%
20175.68-33.97%
20168.61-33.02%
201512.85214.98%
20144.0841.48%

Pason Systems Inc. (PSI.TO) Average Current Ratio

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

The current Current Ratio of Pason Systems Inc. (PSI.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

4.73

5-year avg

5.01

10-year avg

6.21

Pason Systems Inc. (PSI.TO) Current Ratio vs. Peers

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

Pason Systems Inc.’s Current Ratio is greater than Enerflex Ltd. (1.27), greater than Mullen Group Ltd. (0.75), greater than Shawcor Ltd. (2.23), greater than Secure Energy Services Inc. (1.15), greater than Ensign Energy Services Inc. (0.97),

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