Hess Corporation (HES)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,430,000 | 3,931,000 | 4,346,000 | 3,081,000 | 3,156,000 |
| Total current liabilities | US$ in thousands | 3,270,000 | 2,396,000 | 3,064,000 | 1,623,000 | 2,510,000 |
| Current ratio | 1.05 | 1.64 | 1.42 | 1.90 | 1.26 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,430,000K ÷ $3,270,000K
= 1.05
The current ratio of Hess Corporation has fluctuated over the past five years, ranging from 1.05 in 2023 to 1.90 in 2020. The current ratio indicates the company's ability to cover its short-term liabilities with its current assets. A ratio of less than 1 suggests potential liquidity issues, as current liabilities exceed current assets. In 2023, with a current ratio of 1.05, Hess Corporation may have a tighter liquidity position compared to previous years, as it only had $1.05 in current assets for every $1.00 in current liabilities. It is important for the company to closely monitor its liquidity position to ensure it can meet its short-term obligations.
Peer comparison
Dec 31, 2023