As of June 13, 2025, Nextier Oilfield Solutions Inc (NEX) reports a Current Ratio of 1.31.
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 Nextier Oilfield Solutions Inc's Current Ratio
Over recent years, Nextier Oilfield Solutions Inc's Current Ratio has shown a moderate pattern. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2022-12-31 | 1.31 |
| 2021-12-31 | 1.08 |
| 2020-12-31 | 2.21 |
| 2019-12-31 | 1.78 |
| 2018-12-31 | 1.51 |
This slight upward trend highlights how Nextier Oilfield Solutions Inc manages its short-term assets and liabilities over time.
Comparing Nextier Oilfield Solutions Inc's Current Ratio to Peers
To better understand Nextier Oilfield Solutions Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Nextier Oilfield Solutions Inc (NEX) | 1.31 |
| Cypress Environmental Partners LP (CELP) | 4.79 |
| Cactus Inc (WHD) | 4.33 |
| RPC Inc (RES) | 4.03 |
| FTS International Inc (FTSI) | 3.97 |
| Liandi Clean Technology Inc (LNDT) | 3.72 |
Compared to its competitors, Nextier Oilfield Solutions Inc's Current Ratio is among the lowest compared to peers, suggesting tighter liquidity management or potential short-term obligations concerns.