Teekay Offshore Partners (TOO)
Add to Watchlists Create an AlertTeekay Offshore Partners Current Ratio:
0.8517 for Dec. 31, 2012Teekay Offshore Partners Historical Current Ratio Data
Pro Data ExportThere is no data for the selected date range.
| Data for this Date Range | |
|---|---|
| Dec. 31, 2012 | 0.8517 |
| Sept. 30, 2012 | 1.139 |
| June 30, 2012 | 0.7723 |
| March 31, 2012 | 0.9764 |
| Dec. 31, 2011 | 0.8121 |
| Sept. 30, 2011 | 0.9223 |
| June 30, 2011 | 0.693 |
| March 31, 2011 | 0.7292 |
| Dec. 31, 2010 | 0.8429 |
| Sept. 30, 2010 | 0.8943 |
| June 30, 2010 | 0.7766 |
| March 31, 2010 | 1.052 |
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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TOO Current Ratio Benchmarks
| Companies | |
|---|---|
| Teekay Corporation | 0.9977 |
| Teekay LNG Partners | 0.4763 |
| Teekay Tankers | 3.283 |
TOO Current Ratio Rankings
| Overall |
49th percentile 4077 of 8006 |
| Sector |
27th percentile 650 of 895 in Industrials |
| Industry |
36th percentile 30 of 47 in Shipping & Ports |
TOO Current Ratio Range, Past 5 Years
| Minimum | 0.6930 | Jun 2011 |
| Maximum | 1.400 | Sep 2008 |
| Average | 0.9453 |