EOG Resources Inc (EOG)
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 | 7,092,000 | 6,122,000 | 5,431,000 | 5,292,000 | 5,278,000 | 5,326,000 | 4,764,000 | 5,018,000 | 5,972,000 | 5,272,000 | 3,073,000 | 4,009,000 | 5,209,000 | 4,293,000 | 3,880,000 | 3,388,000 | 3,328,930 | 3,065,560 | 2,416,500 | 2,906,850 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 1,000 | — | — | 18,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,354,000 | 4,406,000 | 4,628,000 | 4,273,000 | 4,074,000 | 4,225,000 | 3,731,000 | 4,228,000 | 5,513,000 | 5,746,000 | 5,768,000 | 6,264,000 | 4,042,000 | 3,484,000 | 4,002,000 | 3,312,000 | 3,460,100 | 3,020,040 | 2,154,380 | 4,305,010 |
| Cash ratio | 1.32 | 1.39 | 1.17 | 1.24 | 1.30 | 1.26 | 1.28 | 1.19 | 1.08 | 0.92 | 0.53 | 0.64 | 1.29 | 1.24 | 0.97 | 1.02 | 0.96 | 1.02 | 1.12 | 0.68 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,092,000K
+ $—K)
÷ $5,354,000K
= 1.32
Based on the data provided, the cash ratio of EOG Resources Inc has shown some fluctuations over the past few years. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
From March 2020 to June 2020, the cash ratio increased significantly from 0.68 to 1.12, indicating a stronger ability to cover short-term obligations. However, it dipped slightly to 1.02 by September 2020 and further decreased to 0.96 by December 2020.
Thereafter, the cash ratio showed some volatility, fluctuating between 0.64 and 1.39 over the following quarters. Notably, the ratio improved steadily from March 2023 to September 2024, reaching a peak of 1.39 by September 2024.
Overall, the cash ratio of EOG Resources Inc has demonstrated variability but has generally trended upwards in recent quarters, suggesting an increasing ability to meet its short-term liabilities with its available cash resources. It is essential for the company to continue monitoring and managing its cash position effectively to ensure liquidity and financial stability.
Peer comparison
Dec 31, 2024