Antero Resources Corp (AR)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | — | -3,446,490 | -3,420,460 | -2,614,810 | -2,889,000 |
| Short-term investments | US$ in thousands | — | — | — | 0 | — |
| Receivables | US$ in thousands | 42,619 | 35,488 | 78,998 | 28,457 | 171,419 |
| Total current liabilities | US$ in thousands | 1,452,090 | 1,774,910 | 2,068,120 | 983,054 | 1,040,140 |
| Quick ratio | 0.03 | -1.92 | -1.62 | -2.63 | -2.61 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K
+ $—K
+ $42,619K)
÷ $1,452,090K
= 0.03
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets excluding inventory. In the case of Antero Resources Corp, the quick ratio has displayed a decreasing trend over the past five years, from 0.89 in 2019 to 0.33 in 2023.
This declining trend may raise concerns about the company's liquidity position as it indicates a lower ability to cover its short-term liabilities with its quick assets. The significant drop from 0.58 in 2020 to 0.33 in 2023 suggests a potential strain on the company's short-term financial health.
It is essential for investors and stakeholders to closely monitor Antero Resources Corp's liquidity position and assess the effectiveness of its current assets management to ensure the company can meet its short-term obligations in a sustainable manner.
Peer comparison
Dec 31, 2023