### Basic Energy Services (BAS)

14.16 +0.24  +1.72%  May 20, 4:59PM

# Basic Energy Services Current Ratio:

2.392 for March 31, 2013
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## Basic Energy Services Historical Current Ratio Data

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March 31, 2013 2.392
Dec. 31, 2012 2.462
Sept. 30, 2012 2.515
June 30, 2012 2.448
March 31, 2012 2.860
Dec. 31, 2011 2.702
Sept. 30, 2011 2.523
June 30, 2011 4.217
March 31, 2011 2.408
Dec. 31, 2010 2.778
Sept. 30, 2010 2.943
June 30, 2010 3.225
March 31, 2010 3.305
Dec. 31, 2009 3.531
Sept. 30, 2009 3.711
June 30, 2009 3.672

March 31, 2009 3.283
Dec. 31, 2008 3.171
Sept. 30, 2008 2.656
June 30, 2008 2.786
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Dec. 31, 2007 Go Pro
Sept. 30, 2007 Go Pro
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Dec. 31, 2006 Go Pro
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## About Current Ratio

The current ratio measures a company's ability to pay short-term debts and other current liabilities (financial obligations lasting less than one year) by comparing current assets to current liabilities. The ratio illustrates a company's ability to remain solvent.

A current ratio of one means that book value of current assets is exactly the same as book value of current liabilities. In general, investors look for a company with a current ratio of 2:1, meaning current assets twice as large as current liabilities. A current ratio less than one indicates the company might have problems meeting short-term financial obligations. If the ratio is too high, the company may not be efficiently using its current assets or short term financing facilities.

Other similar solvency ratios include :
Cash Ratio - Measures the amount of cash that can be used to pay liabilities (most strict)
Quick Ratio - Measures the amount of cash, short term equivalents, and accounts receivables that can be used to pay liabilities (more lenient than cash ratio, but stricter than current ratio)

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## BAS Current Ratio Benchmarks

Companies
Carbo Ceramics 6.531
Precision Drilling 1.888
RPC 3.412

## BAS Current Ratio Rankings

 Overall 76th percentile 1867 of 8002 Sector 80th percentile 77 of 387 in Energy Industry 55th percentile 25 of 56 in Oil & Gas Equipment & Services

## BAS Current Ratio Range, Past 5 Years

 Minimum 2.392 Mar 2013 Maximum 4.217 Jun 2011 Average 2.979