EOG Resources Inc (EOG)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,318,000 | 4,074,000 | 5,513,000 | 4,042,000 | 3,460,100 |
| Quick ratio | 1.64 | 1.30 | 1.08 | 1.29 | 0.98 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($7,092,000K
+ $—K
+ $—K)
÷ $4,318,000K
= 1.64
The quick ratio of EOG Resources Inc has shown a fluctuating trend over the last five years. It was observed to be 0.98 on December 31, 2020, indicating that the company had slightly less than $1 in liquid assets available to cover each dollar of current liabilities.
However, there was an improvement in the quick ratio to 1.29 on December 31, 2021, suggesting that the company had $1.29 in liquid assets for every dollar of current liabilities, thus demonstrating better liquidity position compared to the previous year.
Subsequently, on December 31, 2022, the quick ratio decreased to 1.08 but still remained above 1, indicating an adequate ability to cover short-term obligations with liquid assets.
By December 31, 2023, the quick ratio increased to 1.30, showing a further improvement in liquidity compared to the previous year.
Lastly, on December 31, 2024, the quick ratio reached 1.64, indicating a strengthening liquidity position with $1.64 in liquid assets available for each dollar of current liabilities. Overall, the trend in the quick ratio suggests that EOG Resources Inc has managed its liquidity effectively over the five-year period.
Peer comparison
Dec 31, 2024