Liberty Oilfield Services Inc (LBRT)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	954,254	956,673	630,377	567,133	488,974
Total current liabilities	US$ in thousands	639,424	649,497	569,247	356,146	266,495
Current ratio		1.49	1.47	1.11	1.59	1.83

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $954,254K ÷ $639,424K
= 1.49

The current ratio of Liberty Energy Inc has shown some fluctuations over the past five years. In 2019, the company had a current ratio of 1.83, indicating that it had $1.83 in current assets for every $1 of current liabilities. This high ratio suggests that the company had a strong ability to meet its short-term obligations.

However, the current ratio decreased to 1.59 in 2020 and further dropped to 1.11 in 2021, indicating a potential deterioration in the company's short-term liquidity position. A current ratio below 1 may raise concerns about the company's ability to meet its short-term obligations with its current assets.

In 2022 and 2023, the current ratio improved to 1.47 and 1.49, respectively. While these ratios indicate an improvement in the company's liquidity position compared to 2021, the current ratio of 1.49 in 2023 still suggests that Liberty Energy Inc may have a relatively tight liquidity position in terms of covering its short-term liabilities with current assets.

Overall, Liberty Energy Inc's current ratio has varied over the years, reflecting changes in the company's liquidity position. Further analysis of the components of current assets and liabilities would provide a more in-depth understanding of the company's short-term financial health.