Hess Corporation (HES)
Cash 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 and cash equivalents | US$ in thousands | 1,171,000 | 1,864,000 | 2,025,000 | 1,438,000 | 1,688,000 | 2,018,000 | 2,226,000 | 2,100,000 | 2,486,000 | 2,384,000 | 2,159,000 | 1,370,000 | 2,713,000 | 2,419,000 | 2,430,000 | 1,866,000 | 1,739,000 | 1,285,000 | 1,646,000 | 2,080,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,826,000 | 2,940,000 | 3,021,000 | 2,951,000 | 3,270,000 | 2,996,000 | 2,403,000 | 2,308,000 | 2,280,000 | 2,312,000 | 2,355,000 | 2,303,000 | 3,064,000 | 2,749,000 | 2,515,000 | 1,690,000 | 1,623,000 | 1,426,000 | 1,564,000 | 1,947,000 |
| Cash ratio | 0.41 | 0.63 | 0.67 | 0.49 | 0.52 | 0.67 | 0.93 | 0.91 | 1.09 | 1.03 | 0.92 | 0.59 | 0.89 | 0.88 | 0.97 | 1.10 | 1.07 | 0.90 | 1.05 | 1.07 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,171,000K
+ $—K)
÷ $2,826,000K
= 0.41
The cash ratio of Hess Corporation has shown fluctuating trends from March 31, 2020, to December 31, 2024. The ratio started at a healthy level of 1.07 on March 31, 2020, indicating that the company had $1.07 in cash for every $1 of current liabilities. However, it decreased to 0.90 on September 30, 2020, signaling a potential liquidity concern.
The ratio improved to 1.10 on March 31, 2021, and ranged between 0.88 and 1.09 until December 31, 2022. This stability suggested that the company was managing its cash position effectively during this period.
However, from March 31, 2023, to December 31, 2024, the cash ratio declined significantly from 0.91 to 0.41. This downward trend may indicate potential liquidity challenges or reduced cash reserves compared to current liabilities.
Overall, analyzing the cash ratio provides insights into Hess Corporation's ability to cover its short-term obligations with cash on hand, and the fluctuating trend highlights changes in the company's liquidity position over the evaluated period.
Peer comparison
Dec 31, 2024