Liberty Oilfield Services Inc (LBRT)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	488,974	496,339	486,025	479,112
Total current liabilities	US$ in thousands	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	266,495	253,980	270,696	274,409
Current ratio		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	1.83	1.95	1.80	1.75

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 fluctuation over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.

In Q4 2023, the current ratio was 1.49, indicating that the company had $1.49 in current assets for each dollar of current liabilities. This was an improvement compared to the previous quarter where the ratio was 1.34. The increase in the current ratio may suggest that the company's liquidity position improved during this period.

Overall, the company's current ratio has generally been above 1, indicating that it has had sufficient current assets to cover its current liabilities. However, the ratio has shown some volatility, with fluctuations ranging from 1.22 to 1.49, which may indicate varying levels of working capital management or changes in the composition of current assets and liabilities.

Further analysis incorporating additional financial metrics and qualitative factors would be necessary to provide a more comprehensive assessment of Liberty Energy Inc's liquidity position and financial health.