EOG Resources Inc (EOG)
Quick 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 | 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 | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($7,092,000K
+ $—K
+ $—K)
÷ $5,354,000K
= 1.32
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of 1 or higher is generally considered healthy, as it indicates that the company has enough liquid assets to cover its current liabilities.
Analyzing EOG Resources Inc's quick ratio over the last few years, we observe fluctuations in the ratio. The quick ratio was below 1 in some periods, indicating potential liquidity challenges. For example, as of March 31, 2020, the quick ratio was 0.68, suggesting a potential difficulty in meeting short-term obligations with available liquid assets. However, the ratio improved in subsequent periods, reaching above 1 at times such as September 30, 2021 (1.24).
Overall, the trend in EOG Resources Inc's quick ratio shows variability, with the ratio hovering around and sometimes above 1 in recent periods. This indicates that the company may have managed its liquidity better in those periods, although potential liquidity risks still exist, as seen in some lower ratios during the period. It is essential to monitor this ratio closely to assess the company's ability to meet its short-term liabilities with its liquid assets effectively.
Peer comparison
Dec 31, 2024