Hess Corporation (HES)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,171,000 | 1,688,000 | 2,486,000 | 2,713,000 | 1,739,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,826,000 | 3,270,000 | 2,280,000 | 3,064,000 | 1,623,000 |
| Quick ratio | 0.41 | 0.52 | 1.09 | 0.89 | 1.07 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,171,000K
+ $—K
+ $—K)
÷ $2,826,000K
= 0.41
The quick ratio of Hess Corporation has fluctuated over the years, as follows:
- As of December 31, 2020, the quick ratio was 1.07, indicating that the company had $1.07 in liquid assets available to cover each $1 of current liabilities.
- By December 31, 2021, the quick ratio decreased to 0.89, suggesting a decrease in the company's ability to cover its short-term obligations with liquid assets.
- The quick ratio improved to 1.09 by December 31, 2022, indicating a better liquidity position compared to the previous year.
- However, by December 31, 2023, the quick ratio dropped significantly to 0.52, pointing towards a potential liquidity strain for the company.
- The trend continued as of December 31, 2024, with a further decrease in the quick ratio to 0.41, signaling a reduced ability to meet short-term liabilities with its quick assets.
Overall, the quick ratio of Hess Corporation has shown fluctuations, with periods of both improvement and deterioration in its liquidity position. It is essential for the company to closely monitor its liquidity levels to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024