Murphy USA Inc (MUSA)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 117,800 | 60,500 | 256,400 | 163,600 | 280,300 |
| Short-term investments | US$ in thousands | 7,100 | 17,900 | — | — | — |
| Total current liabilities | US$ in thousands | 872,800 | 854,200 | 675,300 | 531,100 | 505,000 |
| Cash ratio | 0.14 | 0.09 | 0.38 | 0.31 | 0.56 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($117,800K
+ $7,100K)
÷ $872,800K
= 0.14
The cash ratio of Murphy USA Inc has shown some fluctuations over the past five years. The company's cash ratio was at its highest in 2019 at 0.61, indicating that the company had $0.61 in cash and cash equivalents for every $1 of current liabilities. However, the cash ratio has been decreasing since then, reaching its lowest point in 2022 at 0.15. This implies that the company had $0.15 in cash and cash equivalents for every $1 of current liabilities in 2022.
In 2023, the cash ratio improved slightly to 0.17, but it still remains below the levels seen in 2019 and 2020. This indicates that Murphy USA Inc may have a lower level of liquidity in relation to its current liabilities than in previous years. It is important for investors and stakeholders to monitor the company's cash position and liquidity management closely, especially in times of economic uncertainty or rapid changes in the business environment.
Peer comparison
Dec 31, 2023