Tourmaline Oil Corp.

Tourmaline Oil Corp.verified

TOU.TO

Price:

$60.14

Market Cap:

$21.20B

Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. The company was incorporated in 2008 and is headquartered in Calgary, Canada.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2010-11-23

Stock Exchange

TSX

Ticker

TOU.TO

The Current Ratio as of September 2024 (TTM) for Tourmaline Oil Corp. (TOU.TO) is 1.11

According to Tourmaline Oil Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 1.11. This represents a change of 20.14% compared to the average of 0.93 of the last 4 quarters.

Tourmaline Oil Corp. (TOU.TO) Historical Current Ratio (quarterly & annually)

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

The mean historical Current Ratio of Tourmaline Oil Corp. over the last ten years is 0.78. The current 1.11 Current Ratio has changed 14.27% with respect to the historical average. Over the past ten years (40 quarters), TOU.TO's Current Ratio was at its highest in in the December 2022 quarter at 1.56. The Current Ratio was at its lowest in in the September 2014 quarter at 0.24.

Quarterly (TTM)
Annual

Average

0.78

Median

0.65

Minimum

0.48

Maximum

1.56

Tourmaline Oil Corp. (TOU.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Tourmaline Oil Corp. 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 = 138.24%

Maximum Annual Current Ratio = 1.56

Minimum Annual Increase = -48.02%

Minimum Annual Current Ratio = 0.48

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.81-48.02%
20221.56138.24%
20210.66-46.01%
20201.2286.83%
20190.6512.43%
20180.580.25%
20170.5818.47%
20160.491.14%
20150.48-33.98%
20140.7398.09%

Tourmaline Oil Corp. (TOU.TO) Average Current Ratio

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

The current Current Ratio of Tourmaline Oil Corp. (TOU.TO) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.01

5-year avg

0.98

10-year avg

0.78

Tourmaline Oil Corp. (TOU.TO) Current Ratio vs. Peers

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

Tourmaline Oil Corp.’s Current Ratio is greater than ARC Resources Ltd. (0.88), greater than Whitecap Resources Inc. (0.94), less than MEG Energy Corp. (1.55), less than Birchcliff Energy Ltd. (1.52), greater than Vermilion Energy Inc. (1.09),

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