Magnolia Oil & Gas Corp (MGY)
Cash 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 and cash equivalents | US$ in thousands | 260,049 | 276,139 | 275,683 | 399,317 | 401,121 | 618,466 | 676,568 | 667,284 | 675,441 | 689,539 | 501,891 | 346,396 | 366,982 | 245,023 | 190,282 | 178,194 | 192,561 | 148,533 | 116,850 | 146,492 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 21,789 | — | — |
| Total current liabilities | US$ in thousands | 290,261 | 281,523 | 354,959 | 350,011 | 314,887 | 303,705 | 263,000 | 311,244 | 340,273 | 341,972 | 333,027 | 238,734 | 218,545 | 190,685 | 167,949 | 125,935 | 128,949 | 124,462 | 120,313 | 170,700 |
| Cash ratio | 0.90 | 0.98 | 0.78 | 1.14 | 1.27 | 2.04 | 2.57 | 2.14 | 1.98 | 2.02 | 1.51 | 1.45 | 1.68 | 1.28 | 1.13 | 1.41 | 1.49 | 1.37 | 0.97 | 0.86 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($260,049K
+ $—K)
÷ $290,261K
= 0.90
The cash ratio of Magnolia Oil & Gas Corp has fluctuated over the years based on the provided data. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position and greater ability to meet its short-term obligations.
From March 31, 2020, to December 31, 2021, the cash ratio steadily increased from 0.86 to 1.68, indicating an improvement in Magnolia Oil & Gas Corp's ability to cover its short-term liabilities. This upward trend suggests effective cash management and a strengthening liquidity position during this period.
However, from March 31, 2022, to December 31, 2024, the cash ratio experienced some fluctuations, dropping to a low of 0.78 on June 30, 2024. These fluctuations may imply changes in the company's cash management policies, investments, or operating activities that impacted its liquidity position during this period.
Overall, Magnolia Oil & Gas Corp has demonstrated varying levels of liquidity over the years, with some periods showing significant improvements while others experiencing fluctuations. It is important for investors and stakeholders to closely monitor the company's cash ratio to assess its short-term liquidity and ability to meet financial obligations.
Peer comparison
Dec 31, 2024