Liberty Oilfield Services Inc (LBRT)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 848,523 | 954,254 | 956,673 | 630,377 | 567,133 |
| Total current liabilities | US$ in thousands | 666,523 | 639,424 | 649,497 | 569,247 | 356,146 |
| Current ratio | 1.27 | 1.49 | 1.47 | 1.11 | 1.59 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $848,523K ÷ $666,523K
= 1.27
The current ratio of Liberty Oilfield Services Inc has exhibited fluctuations over the past five years. Starting at 1.59 in December 31, 2020, it decreased to 1.11 by December 31, 2021, indicating a potential liquidity concern. However, the ratio improved to 1.47 by December 31, 2022, and further to 1.49 by December 31, 2023, suggesting a better ability to cover short-term obligations. Nonetheless, by December 31, 2024, the current ratio decreased to 1.27, showing a slight decline in liquidity compared to the previous year. Overall, the trend of the current ratio values suggests varying levels of short-term liquidity for Liberty Oilfield Services Inc over the specified period.
Peer comparison
Dec 31, 2024