Vantage Drilling International Quick Ratio (VDI) starting from the second quarter 2023 to second quarter 2022, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Vantage Drilling International  (VDI)

Vantage Drilling International's Quick Ratio

VDI's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Vantage Drilling International's Cash & cash equivalent grew by 13.92 % in the Q2 2023 sequentially, while Current Liabilities decreased, this led to improvement in Vantage Drilling International's Quick Ratio to 0.66, Quick Ratio remained below Vantage Drilling International average.

Within Oil Well Services & Equipment industry 6 other companies have achieved higher Quick Ratio than Vantage Drilling International in second quarter 2023. While Quick Ratio total ranking has improved so far during the Q2 2023 to 2535, from total ranking in the third quarter 2023 at 2878.

Explain Quick Ratio?
How much Cash & cash equivalents VDI´s has?
What are VDI´s Current Liabilities?




VDI Quick Ratio (Jun 30 2023)
Q2
(Mar 31 2023)
Q3
(Dec 31 2022)
Q4
(Sep 30 2022)
Q3
(Jun 30 2022)
Q2
Y / Y Current Liabilities Change 25.5 % 65.77 % 96.9 % 67.32 % 58.93 %
Y / Y Cash & cash equivalent Change -64.96 % 12.34 % 0.93 % 130.95 % 104.02 %
Quick Ratio MRQ 0.66 0.48 0.6 2.14 2.35
VDI's Total Ranking # 2535 # 2878 # 2506 # 1373 # 1314
Seq. Current Liabilities Change -17.32 % 18.39 % 9.1 % 17.5 % 9.22 %
Seq. Cash & cash equivalent Change 13.92 % -5.55 % -69.61 % 7.15 % 265.28 %



Quick Ratio second quarter 2023 Company Ranking
Within: No.
Oil Well Services & Equipment Industry # 7
Energy Sector # 56
Overall Market # 2535


Quick Ratio Statistics
High Average Low
9.48 2.79 0.48
(Sep 30 2019)   (Mar 31 2023)




Financial Statements
Vantage Drilling International's Current Liabilities $ 121 Millions Visit VDI's Balance sheet
Vantage Drilling International's Cash & cash equivalent $ 80 Millions Visit VDI's Balance sheet
Source of VDI's Sales Visit VDI's Sales by Geography


Cumulative Vantage Drilling International's Quick Ratio

VDI's Quick Ratio for the trailling 12 Months

VDI Quick Ratio

(Jun 30 2023)
12 Months
(Mar 31 2023)
12 Months
(Dec 31 2022)
12 Months
(Sep 30 2022)
12 Months
(Jun 30 2022)
12 Months
Y / Y Current Liabilities TTM Growth 59.98 % 71.65 % 64.97 % 48.56 % 37.11 %
Y / Y Cash & cash equivalent TTM Growth -0.26 % 74.44 % 41 % 21.49 % -16.29 %
Quick Ratio TTM 0.92 1.28 1.44 1.68 1.48
Total Ranking TTM # 4123 # 4027 # 4067 # 1419 # 1863
Seq. Current Liabilities TTM Growth 5.12 % 13.77 % 16.86 % 14.46 % 12.79 %
Seq. Cash & cash equivalent TTM Growth -24.02 % 1.27 % 0.11 % 29.49 % 32.88 %


On the trailing twelve months basis Due to decline in Current Liabilities in the Q2 2023 to $121.34 millions, cumulative Quick Ratio decreased to 0.92 below the Vantage Drilling International average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Oil Well Services & Equipment industry 13 other companies have achieved higher Quick Ratio than Vantage Drilling International. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 4027 to 4123.

Explain Quick Ratio?
How much Cash & cash equivalents VDI´s has?
What are VDI´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Oil Well Services & Equipment Industry # 14
Energy Sector # 154
Within the Market # 4123


trailing twelve months Quick Ratio Statistics
High Average Low
5.83 2.88 0.92
(Sep 30 2019)   (Jun 30 2023)




Companies with similar Quick Ratio in the quarter ending Jun 30 2023, within Oil Well Services & Equipment Industry Quick RatioJun 30 2023 MRQ Cash & cash equivalentJun 30 2023 MRQ Current Liabilities
Valaris Limited  1.19 $ 787.300  Millions$ 658.900  Millions
Transocean ltd   0.91 $ 1,034.000  Millions$ 1,141.000  Millions
Nabors Industries Ltd  0.79 $ 429.059  Millions$ 544.265  Millions
Helmerich and Payne inc   0.68 $ 293.218  Millions$ 433.496  Millions
Vantage Drilling International  0.66 $ 79.650  Millions$ 121.340  Millions
Noble Corporation Plc  0.58 $ 255.356  Millions$ 437.102  Millions
Patterson uti Energy Inc   0.33 $ 150.288  Millions$ 454.321  Millions
Borr Drilling Limited  0.27 $ 83.800  Millions$ 311.100  Millions
Team Inc   0.19 $ 30.437  Millions$ 158.566  Millions
Independence Contract Drilling inc   0.17 $ 5.584  Millions$ 32.061  Millions

Date modified: 2026-09-12T06:21:29+00:00



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