APA Corporation (APA)

Current 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
Total current assets	US$ in thousands	3,404,000	3,620,000	2,918,000	2,506,000	2,462,000	2,800,000	2,599,000	2,732,000	2,708,000	3,135,000	3,083,000	2,593,000	2,380,000	2,181,000	2,945,000	2,345,000	1,846,000	1,719,000	1,658,000	1,908,000
Total current liabilities	US$ in thousands	2,955,000	2,925,000	2,889,000	2,152,000	2,404,000	2,635,000	2,630,000	2,454,000	2,916,000	2,984,000	2,813,000	2,114,000	2,117,000	1,839,000	1,773,000	1,338,000	1,308,000	1,382,000	1,710,000	2,025,000
Current ratio		1.15	1.24	1.01	1.16	1.02	1.06	0.99	1.11	0.93	1.05	1.10	1.23	1.12	1.19	1.66	1.75	1.41	1.24	0.97	0.94

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,404,000K ÷ $2,955,000K
= 1.15

The current ratio of APA Corporation has shown fluctuations over the past few years, ranging from a low of 0.93 to a high of 1.75. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities, while a ratio above 1 suggests that the company is in a better position to cover its current obligations.

Analyzing the trend of APA Corporation's current ratio, we observe that it has generally been above 1, indicating a relatively healthy liquidity position. The ratio peaked at 1.75 in March 31, 2021, before experiencing some fluctuations in the following periods. The ratio dipped to its lowest point of 0.93 in December 31, 2022, which may have raised concerns about the company's short-term liquidity. However, the ratio recovered and stabilized around 1.1 to 1.2 in the most recent periods, suggesting an improvement in APA Corporation's ability to cover its current obligations.

Overall, while there have been fluctuations in the current ratio of APA Corporation, the general trend indicates that the company has maintained a position of being able to meet its short-term obligations with its current assets. It is important for investors and analysts to monitor this ratio alongside other financial metrics to assess the company's overall financial health and liquidity position.