As of June 20, 2025, TransGlobe Energy Corp (TGL.TO) reports a Current Ratio of 1.63.
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 TransGlobe Energy Corp's Current Ratio
Over recent years, TransGlobe Energy Corp's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2021-12-31 | 1.63 |
| 2020-12-31 | 1.40 |
| 2019-12-31 | 1.96 |
| 2018-12-31 | 2.82 |
| 2017-12-31 | 2.63 |
This slight upward trend highlights how TransGlobe Energy Corp manages its short-term assets and liabilities over time.
Comparing TransGlobe Energy Corp's Current Ratio to Peers
To better understand TransGlobe Energy Corp's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| TransGlobe Energy Corp (TGL.TO) | 1.63 |
| Harvest Oil & Gas Corp (HRST) | 21.89 |
| SandRidge Energy Inc (SD) | 2.11 |
| Southern Pacific Resource Corp (STPJF) | 1.97 |
| Abraxas Petroleum Corp (AXAS) | 1.76 |
| Petrotal Corp (TAL.V) | 1.56 |
Compared to its competitors, TransGlobe Energy Corp's Current Ratio is among the highest compared to peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.