Baker Hughes Co (BKR)
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 | 2,646,000 | 3,201,000 | 2,805,000 | 1,866,000 | 1,883,000 | 2,240,000 | 2,264,000 | 2,572,000 | 3,252,000 | 3,235,000 | 3,274,000 | 3,776,000 | 3,445,000 | 3,258,000 | 3,297,000 | 2,006,000 | 2,147,000 | 1,651,000 | 1,871,000 | 1,859,000 |
| Short-term investments | US$ in thousands | 975,000 | 1,052,000 | 1,044,000 | 1,094,000 | 748,000 | 848,000 | 912,000 | 1,042,000 | 1,033,000 | 403,000 | 544,000 | 714,000 | 1,502,000 | 2,000 | 2,000 | 2,000 | 24,000 | 39,000 | 40,000 | 49,000 |
| Total current liabilities | US$ in thousands | 12,991,000 | 12,681,000 | 12,311,000 | 11,618,000 | 11,075,000 | 9,465,000 | 9,375,000 | 9,142,000 | 9,128,000 | 9,354,000 | 9,805,000 | 9,958,000 | 10,227,000 | 10,639,000 | 10,567,000 | 10,141,000 | 10,014,000 | 9,332,000 | 9,341,000 | 9,052,000 |
| Cash ratio | 0.28 | 0.34 | 0.31 | 0.25 | 0.24 | 0.33 | 0.34 | 0.40 | 0.47 | 0.39 | 0.39 | 0.45 | 0.48 | 0.31 | 0.31 | 0.20 | 0.22 | 0.18 | 0.20 | 0.21 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,646,000K
+ $975,000K)
÷ $12,991,000K
= 0.28
The cash ratio of Baker Hughes Co has been fluctuating over the past eight quarters. In Q4 2023, the cash ratio was 0.32, indicating that the company had $0.32 in cash and cash equivalents for every $1 of current liabilities. This represents a decrease from the previous quarter, where the ratio was 0.37.
Compared to the same quarter in the previous year (Q4 2022), the cash ratio has remained relatively stable at 0.37. However, there has been a downward trend in the cash ratio since Q1 2022 when it was 0.53.
A decreasing trend in the cash ratio may suggest that Baker Hughes Co could be facing challenges in generating sufficient cash to cover its short-term obligations. It is important for the company to closely monitor its liquidity position and manage its cash flows effectively to ensure its financial stability in the future.
Peer comparison
Dec 31, 2023