EOG Resources Inc (EOG)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 5,862,000 | 5,095,060 | 4,597,390 | 6,491,050 | 5,273,340 | 4,819,730 | 4,495,520 | 4,907,880 |
| Total current liabilities | US$ in thousands | 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 | 3,460,000 | 3,020,040 | 2,154,380 | 4,305,010 | 4,486,990 | 4,473,710 | 4,414,060 | 4,301,270 |
| Current ratio | 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 | 1.18 | 1.08 | 1.02 | 1.14 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $9,935,000K ÷ $4,074,000K
= 2.44
EOG Resources, Inc.'s current ratio has shown a generally increasing trend over the past eight quarters. The ratio has improved steadily from 1.35 in Q1 2022 to 2.44 in Q4 2023. This trend indicates a strengthening liquidity position for the company, as it has a higher ability to cover its short-term liabilities with its current assets. The current ratio exceeding 2 in the most recent quarter suggests that EOG Resources, Inc. has a comfortable liquidity position and is well positioned to meet its short-term obligations. Overall, the company's current ratio reflects a positive liquidity position and indicates its ability to easily cover its current liabilities with its current assets.
Peer comparison
Dec 31, 2023