As of June 19, 2025, Contango Oil & Gas Co (Texas) (MCF) reports a Current Ratio of 0.52.
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 Contango Oil & Gas Co (Texas)'s Current Ratio
Over recent years, Contango Oil & Gas Co (Texas)'s Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2020-12-31 | 0.52 |
| 2019-12-31 | 0.42 |
| 2018-12-31 | 0.17 |
| 2017-12-31 | 0.31 |
| 2016-12-31 | 0.30 |
This slight downward trend highlights how Contango Oil & Gas Co (Texas) manages its short-term assets and liabilities over time.
Comparing Contango Oil & Gas Co (Texas)'s Current Ratio to Peers
To better understand Contango Oil & Gas Co (Texas)'s position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Contango Oil & Gas Co (Texas) (MCF) | 0.52 |
| Dorchester Minerals LP (DMLP) | 15.97 |
| Kimbell Royalty Partners LP (KRP) | 6.69 |
| Africa Oil Corp (AOI.TO) | 5.25 |
| Viper Energy Inc (VNOM) | 4.89 |
| Reconnaissance Energy (Africa) Ltd (RECO.V) | 4.81 |
Compared to its competitors, Contango Oil & Gas Co (Texas)'s Current Ratio is among the lowest compared to peers, suggesting tighter liquidity management or potential short-term obligations concerns.