Valaris Limited

Valaris Limitedverified

VAL

Price:

$73.09

Market Cap:

$5.29B

Valaris Limited provides offshore contract drilling services to the international oil and gas industry. The company owns an offshore drilling rig fleet of 56 rigs, which include 11 drillships, 4 dynamically positioned semisubmersible rigs, 1 moored semisubmersible rig, and 40 jackup rigs. It serves international, government-owned, and independent oil and gas companies in the Gulf of Mexico, the North Sea, the Middle East, West Africa, Australia, and Southeast Asia. The company was incorporated in 2009 and is based in Hamilton, Bermuda.[Read more]

Industry

Oil & Gas Equipment & Services

IPO Date

2021-05-03

Stock Exchange

NYSE

Ticker

VAL

The Current Ratio as of July 2024 (TTM) for Valaris Limited (VAL) is 1.47

According to Valaris Limited’s latest financial reports and current stock price. The company's current Current Ratio is 1.47. This represents a change of -24.14% compared to the average of 1.94 of the last 4 quarters.

Valaris Limited (VAL) Historical Current Ratio (quarterly & annually)

How has VAL Current Ratio performed in the past?

The mean historical Current Ratio of Valaris Limited over the last ten years is 2.51. The current 1.47 Current Ratio has changed 5.78% with respect to the historical average. Over the past ten years (40 quarters), VAL's Current Ratio was at its highest in in the September 2017 quarter at 5.04. The Current Ratio was at its lowest in in the September 2020 quarter at 0.14.

Quarterly (TTM)
Annual

Average

2.51

Median

2.65

Minimum

1.25

Maximum

3.80

Valaris Limited (VAL) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Valaris Limited 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 = 119.27%

Maximum Annual Current Ratio = 3.80

Minimum Annual Increase = -48.50%

Minimum Annual Current Ratio = 1.25

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.71-35.96%
20222.67-6.66%
20212.864.04%
20202.75119.27%
20191.25-48.50%
20182.4316.66%
20172.09-45.11%
20163.8031.98%
20152.889.77%
20142.6278.95%

Valaris Limited (VAL) Average Current Ratio

How has VAL Current Ratio performed in the past?

The current Current Ratio of Valaris Limited (VAL) 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

2.41

5-year avg

2.25

10-year avg

2.51

Valaris Limited (VAL) Current Ratio vs. Peers

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

Valaris Limited’s Current Ratio is less than Weatherford International plc (1.84), greater than TechnipFMC plc (1.16), less than Geospace Technologies Corporation (6.11), less than Cactus, Inc. (3.24), less than Weatherford International plc (1.84), less than ChampionX Corporation (1.83), less than Tidewater Inc. (1.80), less than Expro Group Holdings N.V. (1.85), less than NOW Inc. (2.26), greater than Baker Hughes Company (1.25), less than Oceaneering International, Inc. (1.76), greater than NexTier Oilfield Solutions Inc. (1.37), greater than ProPetro Holding Corp. (1.18), less than Ranger Energy Services, Inc. (2.01), less than Solaris Oilfield Infrastructure, Inc. (1.78), less than U.S. Silica Holdings, Inc. (3.62),

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