Tidewater Renewables Ltd.

Tidewater Renewables Ltd.verified

TDWRF

Price:

$0.5879

Market Cap:

$26.52M

Tidewater Renewables Ltd. engages in production of renewable fuel in North America. It intends to focus on the production of low carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The company intends to supply low carbon fuels to investment grade offtakers, existing customers, government entities, first nations groups, and others in the transportation, utilities, refining, marketing, power, and other industries. Tidewater Renewables Ltd. was incorporated in 2021 and is headquartered in Calgary, Canada.[Read more]

Industry

Renewable Utilities

IPO Date

2022-07-08

Stock Exchange

PNK

Ticker

TDWRF

The Current Ratio as of December 2024 (TTM) for Tidewater Renewables Ltd. (TDWRF) is 1.15

According to Tidewater Renewables Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 1.15. This represents a change of 140.49% compared to the average of 0.48 of the last 4 quarters.

Tidewater Renewables Ltd. (TDWRF) Historical Current Ratio (quarterly & annually)

How has TDWRF Current Ratio performed in the past?

The mean historical Current Ratio of Tidewater Renewables Ltd. over the last ten years is 0.37. The current 1.15 Current Ratio has changed 30.95% with respect to the historical average. Over the past ten years (40 quarters), TDWRF's Current Ratio was at its highest in in the September 2021 quarter at 1.60. The Current Ratio was at its lowest in in the March 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

0.37

Median

0.13

Minimum

0

Maximum

1.24

Tidewater Renewables Ltd. (TDWRF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Tidewater Renewables 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 = Infinity%

Maximum Annual Current Ratio = 1.24

Minimum Annual Increase = -69.57%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.20-69.57%
20220.67-46.26%
20211.242.14%
20200.063.16%
20190.05Infinity%

Tidewater Renewables Ltd. (TDWRF) Average Current Ratio

How has TDWRF Current Ratio performed in the past?

The current Current Ratio of Tidewater Renewables Ltd. (TDWRF) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

0.70

5-year avg

0.44

10-year avg

0.37

Tidewater Renewables Ltd. (TDWRF) Current Ratio vs. Peers

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

Tidewater Renewables Ltd.’s Current Ratio is less than Northland Power Inc. (1.17), greater than Algonquin Power & Utilities Corp. (0.92), greater than ReNew Energy Global Plc (0.65), less than Clearway Energy, Inc. (1.59), less than Clearway Energy, Inc. (1.59), greater than Enlight Renewable Energy Ltd (0.53), greater than Ormat Technologies, Inc. (0.95), greater than Ellomay Capital Ltd. (0.87), greater than Advent Technologies Holdings, Inc. (0.44), less than Energy Vault Holdings, Inc. (1.87), greater than Altus Power, Inc. (0.60),

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