Antero Midstream Partners LP (AM)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | — | — | — | 26,088 | 66 | — | — | — | — | — | — | — | 640 | — | 678 | 261 | 640 | 2,393 | 2,997 | 1,235 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 703,780 | 707,518 | 712,069 | 722,478 | 728,325 | — | — |
| Total current liabilities | US$ in thousands | 100,612 | 91,520 | 115,969 | 107,319 | 96,417 | 110,649 | 96,609 | 96,219 | 102,077 | 106,382 | 123,772 | 139,129 | 114,009 | 118,690 | 117,837 | 79,750 | 94,005 | 61,259 | 98,145 | 83,560 |
| Cash ratio | 0.00 | 0.00 | 0.00 | 0.24 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 5.93 | 6.01 | 8.93 | 7.69 | 11.93 | 0.03 | 0.01 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($—K
+ $—K)
÷ $100,612K
= 0.00
Antero Midstream Partners LP's cash ratio reflects the proportion of cash and cash equivalents to its current liabilities. The trend analysis of the cash ratio shows fluctuation over the years.
The cash ratio was extremely low in the first few quarters of 2020, indicating the company had minimal cash on hand relative to its current liabilities. However, by September 2020, the cash ratio saw a significant improvement, jumping to 11.93. This suggests that the company had a considerable amount of cash available to cover its short-term obligations.
The cash ratio remained relatively high through the end of 2020 and into early 2021, indicating a strong liquidity position. However, by mid-2021, the cash ratio decreased to 6.01 and continued to decline to 0.01 by the end of 2021. This drop may indicate a decrease in cash reserves relative to current liabilities.
From 2022 onwards, the cash ratio remained consistently low at 0.00, except for a slight increase to 0.24 by March 2024. This sustained low cash ratio may raise concerns about the company's liquidity position and its ability to meet short-term obligations using available cash.
Overall, the cash ratio analysis suggests that while Antero Midstream Partners LP had strong liquidity in the past, the ratios have declined in recent years, indicating a potential need to closely monitor the company's cash management practices and liquidity position.
Peer comparison
Dec 31, 2024