APA Corporation (APA)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 625,000 | 87,000 | 245,000 | 302,000 | 262,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,955,000 | 2,404,000 | 2,916,000 | 2,117,000 | 1,308,000 |
| Quick ratio | 0.21 | 0.04 | 0.08 | 0.14 | 0.20 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($625,000K
+ $—K
+ $—K)
÷ $2,955,000K
= 0.21
The quick ratio of APA Corporation has shown a declining trend over the past five years, starting at 0.20 in December 2020 and decreasing to 0.14 in December 2021, 0.08 in December 2022, and further dropping to 0.04 in December 2023. This indicates a significant decrease in the company's ability to meet its short-term obligations with its most liquid assets. However, there was a notable improvement in the quick ratio in December 2024, reaching 0.21, potentially suggesting a positive shift in the company's liquidity position at the end of that year. The fluctuation in the quick ratio values may reflect variations in APA Corporation's short-term liquidity management and its ability to cover current liabilities using highly liquid assets. Further analysis of the company's financial situation and operational efficiency would be necessary to fully understand the factors contributing to these changes in the quick ratio over the years.
Peer comparison
Dec 31, 2024