Antero Midstream Partners LP (AM)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 66 | — | — | 640 | 1,235 |
| Short-term investments | US$ in thousands | — | — | — | 722,478 | — |
| Receivables | US$ in thousands | — | 87,667 | 82,884 | 91,812 | 105,603 |
| Total current liabilities | US$ in thousands | 96,417 | 102,077 | 114,009 | 94,005 | 242,084 |
| Quick ratio | 0.00 | 0.86 | 0.73 | 8.67 | 0.44 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($66K
+ $—K
+ $—K)
÷ $96,417K
= 0.00
The quick ratio of Antero Midstream Corp has shown varying trends over the past five years. In 2023, the quick ratio stands at 0.95, indicating that the company has $0.95 in liquid assets for every $1 of current liabilities, reflecting a slightly improved liquidity position compared to the previous year.
In 2022, the quick ratio was 0.87, suggesting a lower level of liquidity compared to 2023. The ratio further declined in 2021 to 0.74, indicating a potential liquidity strain as the company had $0.74 in liquid assets for every $1 of current liabilities.
The year 2020 saw an improvement in liquidity with a quick ratio of 1.00, indicating that the company had sufficient liquid assets to cover its short-term liabilities. However, in 2019, the quick ratio was significantly lower at 0.45, signaling a weaker liquidity position and potential difficulty in meeting short-term obligations.
Overall, the quick ratio of Antero Midstream Corp has fluctuated over the years, indicating varying levels of liquidity and ability to meet short-term financial obligations. It is essential for the company to closely monitor its liquidity position to ensure financial stability and solvency in the long run.
Peer comparison
Dec 31, 2023