Marathon Oil Corporation (MRO)

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	1,569,000	1,848,000	1,703,000	1,606,000	1,671,000	2,636,000	2,808,000	2,230,000	1,821,000	1,655,000	2,075,000	2,150,000	1,612,000	1,922,000	1,405,000	1,909,000	2,135,000	2,520,000	2,688,000	2,776,000
Total current liabilities	US$ in thousands	3,922,000	2,906,000	2,125,000	2,146,000	2,306,000	2,431,000	2,377,000	2,021,000	1,637,000	1,676,000	1,575,000	1,899,000	1,213,000	1,566,000	1,065,000	1,442,000	1,745,000	2,379,000	2,471,000	1,858,000
Current ratio		0.40	0.64	0.80	0.75	0.72	1.08	1.18	1.10	1.11	0.99	1.32	1.13	1.33	1.23	1.32	1.32	1.22	1.06	1.09	1.49

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,569,000K ÷ $3,922,000K
= 0.40

The current ratio of Marathon Oil Corporation has displayed fluctuations over the past eight quarters, ranging from a low of 0.40 in Q4 2023 to a high of 1.18 in Q3 2022. Generally, a current ratio below 1 indicates potential liquidity concerns, with liabilities outweighing current assets. The sharp decline in Q4 2023 suggests a potential strain on the company's short-term liquidity position, which may be a cause for concern. It is important for investors and stakeholders to monitor this trend and assess the company's ability to meet its short-term financial obligations.