EOG Resources Inc (EOG)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 7,092,000 | 5,278,000 | 5,972,000 | 5,209,000 | 3,328,930 |
| Short-term investments | US$ in thousands | — | — | — | — | 64,559 |
| Total current liabilities | US$ in thousands | 4,318,000 | 4,074,000 | 5,513,000 | 4,042,000 | 3,460,100 |
| Cash ratio | 1.64 | 1.30 | 1.08 | 1.29 | 0.98 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,092,000K
+ $—K)
÷ $4,318,000K
= 1.64
EOG Resources Inc's cash ratio has shown a fluctuating trend over the past five years. As of December 31, 2020, the cash ratio stood at 0.98, indicating that the company had $0.98 in cash and cash equivalents for every dollar of current liabilities.
Subsequently, there was an improvement in the cash ratio to 1.29 as of December 31, 2021, suggesting that EOG Resources Inc had enhanced its liquidity position during that period. However, in the following year, the cash ratio decreased to 1.08, indicating a slight reduction in the company's ability to cover its short-term obligations with cash on hand.
By the end of December 31, 2023, the cash ratio rose again to 1.30, signifying a recovery in liquidity. The most recent data available, as of December 31, 2024, shows a further improvement in the cash ratio to 1.64, indicating that EOG Resources Inc has strengthened its liquidity position significantly.
Overall, the analysis of EOG Resources Inc's cash ratio suggests that the company has managed its cash and cash equivalents effectively over the years, with a generally increasing trend in liquidity and a strong ability to cover its short-term liabilities with available cash resources.
Peer comparison
Dec 31, 2024