Marathon Petroleum Corp (MPC)
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 | 3,210,000 | 4,002,000 | 4,441,000 | 3,175,000 | 5,443,000 | 8,452,000 | 7,345,000 | 7,960,000 | 8,625,000 | 7,376,000 | 9,078,000 | 7,148,000 | 5,291,000 | 5,874,000 | 11,839,000 | 758,000 | 555,000 | 716,000 | 1,091,000 | 1,690,000 |
| Short-term investments | US$ in thousands | 1,933,000 | 1,141,000 | 4,058,000 | 4,399,000 | 4,781,000 | 4,604,000 | 4,109,000 | 3,492,000 | 3,145,000 | 3,759,000 | 4,241,000 | 3,449,000 | 5,548,000 | 7,352,000 | 5,418,000 | 5,435,000 | 5,422,000 | 5,462,000 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 20,827,000 | 21,068,000 | 24,000,000 | 21,787,000 | 20,150,000 | 21,735,000 | 17,466,000 | 17,057,000 | 20,020,000 | 21,314,000 | 28,437,000 | 25,120,000 | 17,898,000 | 16,898,000 | 19,512,000 | 16,085,000 | 15,663,000 | 14,246,000 | 11,504,000 | 13,569,000 |
| Quick ratio | 0.25 | 0.24 | 0.35 | 0.35 | 0.51 | 0.60 | 0.66 | 0.67 | 0.59 | 0.52 | 0.47 | 0.42 | 0.61 | 0.78 | 0.88 | 0.39 | 0.38 | 0.43 | 0.09 | 0.12 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,210,000K
+ $1,933,000K
+ $—K)
÷ $20,827,000K
= 0.25
The quick ratio of Marathon Petroleum Corp has shown fluctuating trends over the reporting periods. The quick ratio, which measures the company's ability to meet its short-term liabilities with its most liquid assets, was very low at the beginning of the analyzed period, standing at 0.12 as of March 31, 2020. This indicates a potential liquidity concern, as the company may have had difficulties meeting its short-term obligations.
The ratio further declined to 0.09 as of June 30, 2020, indicating a worsened liquidity position. However, there was a notable improvement by September 30, 2020, when the quick ratio increased to 0.43, suggesting a better ability to cover short-term liabilities with liquid assets.
Throughout the subsequent reporting periods, the quick ratio displayed significant fluctuations, reaching its peak at 0.88 on June 30, 2021. This high ratio indicates a strong liquidity position at that time. However, the ratio decreased gradually over the following periods but generally remained above 0.5 until December 31, 2023.
As of the latest available data on December 31, 2024, the quick ratio was at 0.25, representing a decline in the company's ability to cover short-term obligations with its most liquid assets.
Overall, the analysis of Marathon Petroleum Corp's quick ratio suggests that the company's liquidity position has varied over the analyzed period, with both strengths and weaknesses in managing short-term liabilities with available liquid assets.
Peer comparison
Dec 31, 2024