EOG Resources Inc (EOG)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	11,230,000	9,935,000	10,475,000	8,584,000	5,862,170
Total current liabilities	US$ in thousands	4,318,000	4,074,000	5,513,000	4,042,000	3,460,100
Current ratio		2.60	2.44	1.90	2.12	1.69

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $11,230,000K ÷ $4,318,000K
= 2.60

The current ratio of EOG Resources Inc has shown a positive trend over the past five years, indicating the company's ability to meet its short-term obligations. Starting at 1.69 in December 31, 2020, the ratio has steadily increased to 2.60 by December 31, 2024. This signifies an improvement in EOG Resources Inc's liquidity position, with more current assets available to cover its current liabilities. The company seems to have a strong ability to pay off its short-term debts and financial obligations, reflecting a healthy financial position.