Murphy Oil Corporation (MUR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 423,569 | 317,074 | 492,000 | 521,200 | 310,600 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 942,814 | 846,545 | 1,257,800 | 1,164,300 | 716,300 |
| Quick ratio | 0.45 | 0.37 | 0.39 | 0.45 | 0.43 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($423,569K
+ $—K
+ $—K)
÷ $942,814K
= 0.45
The quick ratio of Murphy Oil Corporation has shown some fluctuation over the past five years. As of December 31, 2020, the quick ratio was 0.43, indicating that the company had $0.43 of liquid assets available to cover each dollar of its current liabilities.
Subsequently, the quick ratio increased to 0.45 by December 31, 2021, suggesting a slight improvement in the company's short-term liquidity position. However, there was a decline in the quick ratio to 0.39 by December 31, 2022, which may indicate potential challenges in meeting its short-term obligations with its readily available assets.
This trend continued into the following years, with the quick ratio further decreasing to 0.37 by December 31, 2023, signaling a potential strain on the company's ability to meet its immediate financial obligations. However, the quick ratio improved back to 0.45 by December 31, 2024, potentially reflecting a positive shift in the company's liquidity position.
Overall, the fluctuating quick ratio of Murphy Oil Corporation suggests varying levels of short-term liquidity and the need for monitoring to ensure the company can efficiently cover its current liabilities with its liquid assets.
Peer comparison
Dec 31, 2024