Liberty Oilfield Services Inc (LBRT)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 19,984 | 36,784 | 43,676 | 19,998 | 69,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 666,523 | 639,424 | 649,497 | 569,247 | 356,146 |
| Cash ratio | 0.03 | 0.06 | 0.07 | 0.04 | 0.19 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($19,984K
+ $—K)
÷ $666,523K
= 0.03
The cash ratio of Liberty Oilfield Services Inc has shown a decline over the years, starting at 0.19 in December 31, 2020, and decreasing to 0.04 by December 31, 2021. This indicates that the company's ability to cover its current liabilities with cash alone has reduced significantly. The ratio improved slightly to 0.07 by December 31, 2022, but then dropped to 0.06 by December 31, 2023, and further decreased to 0.03 by December 31, 2024. The trend suggests that the company may be facing challenges in maintaining sufficient cash reserves to meet its short-term obligations, which could impact its financial stability and liquidity position.
Peer comparison
Dec 31, 2024