Hess Corporation (HES)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,173,000 | 3,707,000 | 3,833,000 | 3,624,000 | 3,430,000 | 3,916,000 | 3,704,000 | 3,799,000 | 3,931,000 | 4,123,000 | 3,969,000 | 3,266,000 | 4,346,000 | 3,892,000 | 3,969,000 | 3,522,000 | 3,081,000 | 3,136,000 | 3,115,000 | 4,270,000 |
| 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 |
| Current ratio | 1.12 | 1.26 | 1.27 | 1.23 | 1.05 | 1.31 | 1.54 | 1.65 | 1.72 | 1.78 | 1.69 | 1.42 | 1.42 | 1.42 | 1.58 | 2.08 | 1.90 | 2.20 | 1.99 | 2.19 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,173,000K ÷ $2,826,000K
= 1.12
The current ratio of Hess Corporation reflects its ability to meet its short-term obligations with its current assets. As per the data provided, the current ratio has fluctuated over the years.
Historically, the current ratio has shown a generally healthy trend, standing above 2.00 for most quarters from March 2020 to December 2021. This indicates that the company had more than enough current assets to cover its current liabilities during that period.
However, there was a noticeable decline in the current ratio starting from June 2021, dropping to 1.58 in that quarter. This decrease continued through the following quarters, reaching a low of 1.05 by December 2023. This downward trend may raise concerns about the company's liquidity position and its ability to meet short-term obligations comfortably.
Although there was a slight improvement in the current ratio in the subsequent quarters of March 2024 and June 2024, the ratio still remains below 2.00, indicating that Hess Corporation may still be facing some liquidity challenges.
Overall, the decreasing trend in the current ratio over the past few years suggests that Hess Corporation may need to closely manage its working capital and liquidity to ensure it can meet its short-term obligations effectively in the future.
Peer comparison
Dec 31, 2024