Liberty Oilfield Services Inc (LBRT)

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	848,523	922,520	1,002,310	978,008	954,254	1,067,620	1,073,920	1,070,190	956,673	996,061	840,924	761,561	630,377	671,565	668,691	583,223	567,133	337,644	299,690	517,973
Total current liabilities	US$ in thousands	666,523	748,571	743,897	662,365	639,424	793,809	744,230	754,777	649,497	704,857	622,072	623,200	569,247	509,052	491,144	393,549	356,146	166,015	100,952	283,268
Current ratio		1.27	1.23	1.35	1.48	1.49	1.34	1.44	1.42	1.47	1.41	1.35	1.22	1.11	1.32	1.36	1.48	1.59	2.03	2.97	1.83

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 shown some fluctuations over the past few years. It improved from 1.83 as of March 31, 2020, to a peak of 2.97 as of June 30, 2020. However, it has since seen a downward trend, reaching 1.27 as of December 31, 2024.

A current ratio above 1 typically indicates that a company has more current assets than current liabilities, suggesting its ability to cover its short-term obligations. Liberty Oilfield Services Inc's current ratio has generally remained above 1, indicating that the company has been able to meet its short-term financial obligations.

However, the declining trend seen in the later periods may raise concerns about the company's liquidity position and ability to cover its short-term liabilities with its current assets. It would be important for stakeholders to monitor this ratio closely to ensure the company maintains a healthy liquidity position.