Archrock Inc (AROC)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,338 | 482 | 1,193 | 3,051 | 1,566 | 2,042 | 1,950 | 1,262 | 1,569 | 3,488 | 3,312 | 1,933 | 1,097 | 1,476 | 2,205 | 3,221 | 3,685 | 3,426 | 2,015 | 1,708 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 152,143 | 159,375 | 142,097 | 177,101 | 148,571 | 194,330 | 151,529 | 168,310 | 125,254 | 153,423 | 125,550 | 134,733 | 111,692 | 136,324 | 120,079 | 157,145 | 138,743 | 167,568 | 152,580 | 164,790 |
| Cash ratio | 0.01 | 0.00 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.02 | 0.01 | 0.01 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,338K
+ $—K)
÷ $152,143K
= 0.01
The cash ratio for Archrock Inc has varied slightly over the past eight quarters, ranging from 0.05 to 0.07. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and equivalents. A higher cash ratio indicates that the company has more liquid assets to meet its short-term obligations.
While Archrock Inc has maintained a relatively stable cash ratio over the quarters, it appears to have slightly improved in Q2 2023 compared to the previous quarters. This may suggest that the company has been able to enhance its liquidity position or manage its short-term liabilities more effectively during that period.
Overall, the cash ratio of Archrock Inc indicates that the company has a moderate ability to cover its short-term obligations with its available cash and equivalents. It would be important to continue monitoring this ratio to ensure that the company maintains a healthy liquidity position to meet its financial commitments.
Peer comparison
Dec 31, 2023