EOG Resources Inc (EOG)

Current 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
Total current assets	US$ in thousands	11,230,000	10,165,000	9,803,000	9,928,000	9,935,000	10,258,000	8,906,000	9,184,000	10,475,000	10,201,000	8,153,000	8,479,000	8,584,000	7,349,000	6,935,000	6,191,000	5,862,170	5,095,060	4,597,390	6,491,050
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
Current ratio		2.10	2.31	2.12	2.32	2.44	2.43	2.39	2.17	1.90	1.78	1.41	1.35	2.12	2.11	1.73	1.87	1.69	1.69	2.13	1.51

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $11,230,000K ÷ $5,354,000K
= 2.10

The current ratio of EOG Resources Inc has been fluctuating over the past few years. From March 31, 2020, where it was 1.51, the ratio increased to 2.13 by June 30, 2020, showing a significant improvement in the company's short-term liquidity position. Subsequently, it settled around 1.7 for the next few quarters until March 31, 2021, when it increased to 1.87.

There were fluctuations in the current ratio for the next few quarters, with a peak of 2.44 on December 31, 2023, indicating an improvement in EOG Resources Inc's ability to cover its short-term obligations. However, the ratio dipped slightly to 2.10 as of December 31, 2024.

Overall, the current ratio of EOG Resources Inc has generally been above 1, indicating that the company has had more than enough current assets to cover its current liabilities throughout the period under review. The increasing trend of the ratio in recent quarters suggests an enhanced ability to meet its short-term financial obligations using its current assets.