As of May 29, 2025, Renaissance Oil Corp (ROE.V) reports a Current Ratio of 0.75.
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 Renaissance Oil Corp's Current Ratio
Over recent years, Renaissance Oil Corp's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2020-12-31 | 0.75 |
| 2019-12-31 | 0.92 |
| 2018-12-31 | 1.15 |
| 2017-12-31 | 2.21 |
| 2016-12-31 | 2.00 |
This slight downward trend highlights how Renaissance Oil Corp manages its short-term assets and liabilities over time.
Comparing Renaissance Oil Corp's Current Ratio to Peers
To better understand Renaissance Oil Corp's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Renaissance Oil Corp (ROE.V) | 0.75 |
| Houston American Energy Corp (HUSA) | 23.22 |
| Reserve Petroleum Co (RSRV) | 13.22 |
| Sintana Energy Inc (SEI.V) | 9.26 |
| North European Oil Royalty Trust (NRT) | 8.84 |
| Pan Orient Energy Corp (POE.V) | 8.64 |
Compared to its competitors, Renaissance Oil Corp's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.