Hess Corporation (HES)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,173,000 | 3,430,000 | 3,931,000 | 4,346,000 | 3,081,000 |
| Total current liabilities | US$ in thousands | 2,826,000 | 3,270,000 | 2,280,000 | 3,064,000 | 1,623,000 |
| Current ratio | 1.12 | 1.05 | 1.72 | 1.42 | 1.90 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,173,000K ÷ $2,826,000K
= 1.12
Hess Corporation's current ratio has exhibited fluctuations over the past five years. The current ratio, which measures the company's ability to cover its short-term liabilities with its short-term assets, stood at 1.90 on December 31, 2020, indicating a strong liquidity position. However, the ratio decreased to 1.42 by the end of 2021. It then improved to 1.72 by the end of 2022, before experiencing a notable decline to 1.05 as of December 31, 2023. Despite this decrease, the ratio rebounded slightly to 1.12 by the end of 2024. Overall, the current ratio suggests varying levels of liquidity over the years, demonstrating the company's ability to meet its short-term obligations with its current assets, albeit with some fluctuations.
Peer comparison
Dec 31, 2024