Rowan Companies Current Ratio:
6.525 for Dec. 31, 2012Rowan Companies Historical Current Ratio Data
Pro Data ExportThere is no data for the selected date range.
| Data for this Date Range | |
|---|---|
| March 31, 2013 | 6.525 |
| Dec. 31, 2012 | 5.279 |
| Sept. 30, 2012 | 3.470 |
| June 30, 2012 | 3.282 |
| March 31, 2012 | 1.646 |
| Dec. 31, 2011 | 2.359 |
| Sept. 30, 2011 | 2.710 |
| June 30, 2011 | 3.488 |
| March 31, 2011 | 2.036 |
| Dec. 31, 2010 | 2.503 |
| Sept. 30, 2010 | 2.234 |
| June 30, 2010 | 3.338 |
| March 31, 2010 | 3.123 |
| Dec. 31, 2009 | 2.727 |
| Sept. 30, 2009 | 3.355 |
| June 30, 2009 | 2.304 |
| March 31, 2009 | 2.092 |
| Dec. 31, 2008 | 1.839 |
| Sept. 30, 2008 | 2.274 |
| June 30, 2008 | 2.713 |
| March 31, 2008 | Go Pro |
| Dec. 31, 2007 | Go Pro |
| Sept. 30, 2007 | Go Pro |
| June 30, 2007 | Go Pro |
| March 31, 2007 | Go Pro |
| Dec. 31, 2006 | Go Pro |
| Sept. 30, 2006 | Go Pro |
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| Dec. 31, 2005 | Go Pro |
| Sept. 30, 2005 | Go Pro |
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| March 31, 2005 | Go Pro |
| Dec. 31, 2004 | Go Pro |
| Sept. 30, 2004 | Go Pro |
| June 30, 2004 | Go Pro |
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| March 31, 2001 | Go Pro |
| Dec. 31, 2000 | Go Pro |
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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RDC Current Ratio Benchmarks
| Companies | |
|---|---|
| Nabors Industries | 2.858 |
| Ensco | 2.111 |
| Atwood Oceanics | 3.108 |
RDC Current Ratio Rankings
| Overall |
93rd percentile 507 of 7593 |
| Sector |
95th percentile 16 of 387 in Energy |
| Industry |
95th percentile 2 of 40 in Oil & Gas Drilling |
RDC Current Ratio Range, Past 5 Years
| Minimum | 1.645 | Mar 2012 |
| Maximum | 6.525 | Mar 2013 |
| Average | 2.965 |
