As of June 17, 2025, Hermitage Offshore Services Ltd (HOFSQ) reports a Current Ratio of 2.93.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Hermitage Offshore Services Ltd's Current Ratio
Over recent years, Hermitage Offshore Services Ltd's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2019-12-31 | 2.93 |
| 2018-12-31 | 3.16 |
| 2017-12-31 | 13.20 |
| 2016-12-31 | 1.93 |
| 2015-12-31 | 1.88 |
This fluctuation highlights how Hermitage Offshore Services Ltd manages its short-term assets and liabilities over time.
Comparing Hermitage Offshore Services Ltd's Current Ratio to Peers
To better understand Hermitage Offshore Services Ltd's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Hermitage Offshore Services Ltd (HOFSQ) | 2.93 |
| Pulse Seismic Inc (PSD.TO) | 5.08 |
| Profire Energy Inc (PFIE) | 4.89 |
| Questor Technology Inc (QST.V) | 4.46 |
| Mind Technology Inc (MIND) | 3.71 |
| Cwc Energy Services Corp (CWC.V) | 3.36 |
Compared to its competitors, Hermitage Offshore Services Ltd's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.