Liberty Oilfield Services Inc (LBRT)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 19,984 | 23,012 | 30,043 | 23,788 | 36,784 | 26,603 | 31,667 | 20,900 | 43,676 | 24,045 | 41,476 | 32,925 | 19,998 | 34,705 | 30,710 | 69,500 | 69,000 | 84,819 | 124,504 | 56,531 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 185,210 | 183,047 | 227,719 | 219,389 | 188,940 | 208,112 | 201,907 | 732,671 | 586,012 | 691,165 | 564,039 | 514,613 | 407,454 | 434,498 | 455,249 | 340,881 | 338,657 | 144,405 | 68,519 | 335,625 |
| 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 |
| Quick ratio | 0.31 | 0.28 | 0.35 | 0.37 | 0.35 | 0.30 | 0.31 | 1.00 | 0.97 | 1.01 | 0.97 | 0.88 | 0.75 | 0.92 | 0.99 | 1.04 | 1.14 | 1.38 | 1.91 | 1.38 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($19,984K
+ $—K
+ $185,210K)
÷ $666,523K
= 0.31
The quick ratio of Liberty Oilfield Services Inc has shown fluctuating trends over the years. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, has ranged from 0.28 to 1.91 during the period from March 31, 2020, to December 31, 2024.
The company's quick ratio peaked at 1.91 on June 30, 2020, indicating a strong ability to cover short-term liabilities with liquid assets. However, the quick ratio has declined consistently since then, reaching its lowest point of 0.28 on September 30, 2024, which may raise concerns about the company's liquidity position.
Overall, the decreasing trend in the quick ratio over the period highlights potential challenges in the company's ability to meet immediate payment obligations with readily available assets. It may be important for stakeholders to monitor this ratio closely to assess the company's liquidity risk and financial health.
Peer comparison
Dec 31, 2024