Magnolia Oil & Gas Corp (MGY)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 260,049 | 401,121 | 675,441 | 366,982 | 192,561 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 147,901 | 189,705 | 170,770 | 149,769 | 81,559 |
| Total current liabilities | US$ in thousands | 290,261 | 314,887 | 340,273 | 218,545 | 128,949 |
| Quick ratio | 1.41 | 1.88 | 2.49 | 2.36 | 2.13 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($260,049K
+ $—K
+ $147,901K)
÷ $290,261K
= 1.41
The quick ratio of Magnolia Oil & Gas Corp has shown a fluctuating trend over the past five years, ranging from 1.41 to 2.49. The company's quick ratio was at its highest in December 2022 at 2.49, indicating a strong ability to cover its short-term liabilities with its most liquid assets. However, there was a decrease in the quick ratio to 1.88 by December 2023 and a further decrease to 1.41 by December 2024. These lower ratios suggest a potential decrease in the company's ability to meet its short-term obligations using its quick assets alone. It would be advisable for stakeholders to monitor this trend closely to ensure the company maintains a healthy liquidity position.
Peer comparison
Dec 31, 2024