APA Corporation (APA)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 625,000 | 64,000 | 160,000 | 102,000 | 87,000 | 95,000 | 142,000 | 154,000 | 245,000 | 268,000 | 282,000 | 234,000 | 302,000 | 377,000 | 1,249,000 | 538,000 | 262,000 | 162,000 | 135,000 | 428,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.21 | 0.02 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.06 | 0.08 | 0.09 | 0.10 | 0.11 | 0.14 | 0.21 | 0.70 | 0.40 | 0.20 | 0.12 | 0.08 | 0.21 |
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 fluctuating trends over the years. Starting at a low of 0.08 on June 30, 2020, the ratio improved to 0.70 by June 30, 2021, indicating a strengthening liquidity position. However, there were subsequent declines, with the ratio dropping to 0.04 by December 31, 2023. This suggests potential difficulty in meeting short-term obligations with liquid assets during that period. By the end of December 31, 2024, the quick ratio had increased to 0.21, showing signs of improved liquidity. Overall, APA Corporation's quick ratio has displayed variability, underscoring the importance of closely monitoring its liquidity position in relation to short-term liabilities.
Peer comparison
Dec 31, 2024