As of June 21, 2025, Royalite Petroleum Company Inc (RYPE) reports a Current Ratio of 0.06.
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 Royalite Petroleum Company Inc's Current Ratio
Over recent years, Royalite Petroleum Company Inc's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2010-04-30 | 0.06 |
| 2009-04-30 | 0.06 |
| 2008-04-30 | 1.15 |
This gradual decrease highlights how Royalite Petroleum Company Inc manages its short-term assets and liabilities over time.
Comparing Royalite Petroleum Company Inc's Current Ratio to Peers
To better understand Royalite Petroleum Company Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Royalite Petroleum Company Inc (RYPE) | 0.06 |
| Devin Energy Corp (DVC.H.V) | 17.29 |
| Eagle Exploration Co (EGXP) | 3.77 |
| Birchcliff Energy Ltd (BIR.TO) | 2.11 |
| Kingsland Energy Corp (KLE.H.V) | 1.79 |
| Deloro Resources Ltd (DLL.H.V) | 1.67 |
Compared to its competitors, Royalite Petroleum Company Inc's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.