Antero Midstream Partners LP (AM)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 66 | — | — | — | — | — | — | — | 640 | — | 678 | 261 | 640 | 2,393 | 2,997 | 1,235 | 1,235 | — | 7,791 | 1,968 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 703,780 | 707,518 | 712,069 | 722,478 | 728,325 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 242,084 | 259,628 | 237,504 | 118,062 |
| Cash ratio | 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 | 0.01 | 0.00 | 0.03 | 0.02 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($66K
+ $—K)
÷ $96,417K
= 0.00
The cash ratio measures the ability of a company to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
Antero Midstream Corp's cash ratio has fluctuated over the past eight quarters, ranging from 0.00 to 0.02. The company's cash ratio was consistently low, with values mostly around 0.01. This suggests that Antero Midstream Corp may have limited liquid assets relative to its short-term liabilities during this period.
While a low cash ratio may indicate a potential liquidity risk, it is important to consider the industry norms and specific circumstances of the company. Further analysis of Antero Midstream Corp's overall liquidity position and cash management practices would provide a more comprehensive understanding of its financial health.
Peer comparison
Dec 31, 2023