Replies to post #36525 on Zion Oil & Gas Inc (ZNOG)

[NO OIL NO GAS 0 CASH]

You mean other oil companies actually make money?

[microcaps1]

for those who dont know,current ratio is ratio of current assets to current liabilities,an important indicator of near term financial health.
To my memory zn has always had a good CR-the opposite of the unfounded cries of bankruptcy that arise from time to time.

Many companies nowadays have a CR less than one- meaning current liabilities exceed current assets,part of an ever growing but dangerous business obsession to employ every dollar,leaving nothing in reserve.

zn doesnt play those dangerous games but follows a conservative financial policy to remain liquid


"Liquidity

Zion Oil & Gas Inc. has a Current Ratio of 2.1 and a Quick Ratio of 2.1. Competitively, Zion Oil & Gas Inc.’s peers Current Ratio is 1.85 and has 1.81 Quick Ratio. Zion Oil & Gas Inc. has better ability to pay short and long-term obligations than Zion Oil & Gas Inc.’s peer..."