Antero Midstream Partners LP (AM)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | — | 66 | — | — | 640 |
| Short-term investments | US$ in thousands | — | — | — | — | 722,478 |
| Receivables | US$ in thousands | — | — | 87,667 | 82,884 | 91,812 |
| Total current liabilities | US$ in thousands | 100,612 | 96,417 | 102,077 | 114,009 | 94,005 |
| Quick ratio | 0.00 | 0.00 | 0.86 | 0.73 | 8.67 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K
+ $—K
+ $—K)
÷ $100,612K
= 0.00
The quick ratio of Antero Midstream Partners LP has shown fluctuations over the years. As of December 31, 2020, the quick ratio was strong at 8.67, indicating a healthy level of liquid assets relative to current liabilities. However, there was a significant decline in the quick ratio to 0.73 as of December 31, 2021, suggesting a potential liquidity strain.
Subsequently, the quick ratio improved slightly to 0.86 by December 31, 2022, indicating a better ability to meet short-term obligations. However, there was a concerning drop in the quick ratio to 0.00 by December 31, 2023 and 2024, which could raise concerns about the company's liquidity position and its ability to cover immediate liabilities with its liquid assets.
Overall, the fluctuations in the quick ratio suggest varying levels of liquidity and ability to meet short-term obligations over the years, highlighting the importance of monitoring the company's liquidity position closely.
Peer comparison
Dec 31, 2024