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VIVK (Vivakor) Current Ratio : 0.13 (As of Jun. 2024)


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What is Vivakor Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Vivakor's current ratio for the quarter that ended in Jun. 2024 was 0.13.

Vivakor has a current ratio of 0.13. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Vivakor has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Vivakor's Current Ratio or its related term are showing as below:

VIVK' s Current Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.62   Max: 2.31
Current: 0.13

During the past 7 years, Vivakor's highest Current Ratio was 2.31. The lowest was 0.13. And the median was 0.62.

VIVK's Current Ratio is ranked worse than
95.81% of 1049 companies
in the Oil & Gas industry
Industry Median: 1.37 vs VIVK: 0.13

Vivakor Current Ratio Historical Data

The historical data trend for Vivakor's Current Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Vivakor Current Ratio Chart

Vivakor Annual Data
Trend Dec07 Dec08 Dec09 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial 0.11 1.74 0.71 0.71 0.13

Vivakor Quarterly Data
Sep09 Dec09 Mar10 Jun10 Sep10 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.51 0.27 0.13 0.16 0.13

Competitive Comparison of Vivakor's Current Ratio

For the Oil & Gas Integrated subindustry, Vivakor's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vivakor's Current Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Vivakor's Current Ratio distribution charts can be found below:

* The bar in red indicates where Vivakor's Current Ratio falls into.



Vivakor Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Vivakor's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=5.111/39.984
=0.13

Vivakor's Current Ratio for the quarter that ended in Jun. 2024 is calculated as

Current Ratio (Q: Jun. 2024 )=Total Current Assets (Q: Jun. 2024 )/Total Current Liabilities (Q: Jun. 2024 )
=5.754/43.72
=0.13

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Vivakor  (NAS:VIVK) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Vivakor Current Ratio Related Terms

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Vivakor Business Description

Traded in Other Exchanges
N/A
Address
5220 Spring Valley Road, Suite LL20, Dallas, TX, USA, 75254
Vivakor Inc is a socially responsible operator, acquirer and developer of technologies and assets in the oil and gas industry, as well as related environmental solutions. It is primarily focused on operating crude oil gathering, storage and transportation facilities, as well as contaminated soil remediation services.
Executives
James H. Ballengee 10 percent owner 2009 CHENAULT DRIVE, SUITE 100, CARROLLTON TX 75006
David Natan director 11190 BISCAYNE BLVD, MIAMI FL 33181
Matthew Nicosia director 2 PARK PLAZA, SUITE 400, IRVINE CA 92614
Al Ferrara director 433 LAWNDALE DRIVE, SOUTH SALT LAKE CITY UT 84115
Trent Philip Staggs director 2067 W. BAMBERGER DRIVE, RIVERTON UT 84065
Spence Joseph S Jr director C/O VIVAKOR, INC., 433 LAWNDALE DRIVE, SOUTH SALT LAKE CITY UT 84115
Tyler Robert Nelson officer: Chief Financial Officer C/O VIVAKOR, INC., 433 LAWNDALE AVENUE, SOUTH SALT LAKE CITY UT 84115
Francis Wen-hou Chen director 1821 JONES STREET, SAN FRANCISCO CA 94109
Fritz Lin director 2590 HOLIDAY ROAD, SUITE 100, CORALVILLE IA 52241
John Gryga director 2590 HOLIDAY ROAD #100, CORALVILLE IA 52241
Tannin J Fuja director, 10 percent owner, officer: CEO and President 2590 HOLIDAY ROAD #100, CORALVILLE IA 52241
Ed Corrente officer: CFO 2590 HOLIDAY ROAD #100, CORALVILLE IA 52241
Nfg, Inc. 10 percent owner 2222 MICHELSON #222-164, IRVINE CA 92612