ChampionX Corporation (CHX)
Cash 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 and cash equivalents | US$ in thousands | 507,681 | 389,109 | 393,297 | 386,017 | 288,557 | 285,006 | 263,088 | 247,996 | 250,187 | 187,472 | 167,282 | 177,109 | 251,678 | 253,855 | 238,995 | 259,821 | 201,421 | 171,462 | 141,895 | 53,636 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 785,872 | 740,186 | 727,705 | 807,193 | 782,749 | 793,876 | 814,455 | 841,007 | 858,976 | 796,675 | 753,033 | 831,875 | 802,325 | 756,679 | 686,578 | 632,435 | 622,560 | 574,407 | 558,349 | 198,752 |
| Cash ratio | 0.65 | 0.53 | 0.54 | 0.48 | 0.37 | 0.36 | 0.32 | 0.29 | 0.29 | 0.24 | 0.22 | 0.21 | 0.31 | 0.34 | 0.35 | 0.41 | 0.32 | 0.30 | 0.25 | 0.27 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($507,681K
+ $—K)
÷ $785,872K
= 0.65
The cash ratio of ChampionX Corporation has shown fluctuating trends over the past few years. Starting at 0.27 in March 2020, the ratio declined slightly to 0.25 by June 2020, before gradually increasing to 0.41 by March 2021. From there, the ratio experienced some volatility, dropping to 0.21 by March 2022, before rebounding to 0.54 by June 2024. As of December 31, 2024, the cash ratio stands at 0.65, indicating the company has improved its ability to cover short-term liabilities with its cash and cash equivalents. The overall trend suggests ChampionX Corporation has been managing its cash position effectively, demonstrating a relatively strong liquidity position over the period analyzed.
Peer comparison
Dec 31, 2024