Murphy Oil Corporation (MUR)
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 | 423,569 | 271,223 | 333,619 | 323,430 | 317,074 | 327,769 | 369,355 | 312,400 | 492,000 | 465,998 | 432,019 | 480,587 | 521,200 | 505,067 | 418,100 | 230,870 | 310,600 | 219,636 | 145,505 | 407,753 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 942,814 | 884,833 | 927,632 | 818,152 | 846,545 | 892,393 | 1,034,510 | 1,028,000 | 1,257,800 | 1,212,500 | 1,618,210 | 1,598,880 | 1,164,300 | 1,134,610 | 1,273,290 | 865,384 | 716,300 | 609,386 | 670,739 | 864,751 |
| Quick ratio | 0.45 | 0.31 | 0.36 | 0.40 | 0.37 | 0.37 | 0.36 | 0.30 | 0.39 | 0.38 | 0.27 | 0.30 | 0.45 | 0.45 | 0.33 | 0.27 | 0.43 | 0.36 | 0.22 | 0.47 |
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, also known as the acid-test ratio, measures a company's ability to cover its short-term liabilities with its most liquid assets. Murphy Oil Corporation's quick ratio fluctuated over the period analyzed, ranging from 0.22 to 0.45. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current liquid assets alone.
In March 2020, the quick ratio stood at 0.47, suggesting a stronger liquidity position. However, in June 2020, the ratio decreased to 0.22, indicating a potential liquidity strain. Subsequently, the quick ratio improved in the following quarters, reaching 0.45 by December 2024.
The quick ratio's fluctuations may be attributed to changes in the company's current assets and liabilities. It is essential for investors and stakeholders to monitor the quick ratio over time to assess Murphy Oil Corporation's ability to meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024