Company Profiles
South African Oil Company Leads in Credit Standards
November 12, 2015
South African oil company once again outpaces its larger competitors in credit standards as the oil and gas majors endure worldwide commodities bust.
Liquidity, the ability of a company to meet its current obligations as measured by dividing current assets by current liabilities, has long been weaker in the oil industry than in other industries, particularly technology. But now, the liquidity and solvency of the world's largest oil and gas companies will be put to the test as the industry experiences its lowest prices in over a decade.