Murphy USA Inc (MUSA)

Cash 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 and cash equivalents	US$ in thousands	47,000	52,500	79,800	56,700	117,800	124,800	92,900	102,100	60,500	192,700	240,400	356,200	256,400	301,300	165,000	304,100	163,600	317,500	403,600	200,300
Short-term investments	US$ in thousands	0	1,500	4,500	6,100	7,100	8,500	13,000	13,500	17,900	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	947,900	858,800	970,700	884,700	872,800	827,200	815,300	772,000	854,200	755,500	852,700	840,800	675,300	718,900	696,400	675,000	531,100	513,400	553,700	457,900
Cash ratio		0.05	0.06	0.09	0.07	0.14	0.16	0.13	0.15	0.09	0.26	0.28	0.42	0.38	0.42	0.24	0.45	0.31	0.62	0.73	0.44

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($47,000K + $0K) ÷ $947,900K
= 0.05

The cash ratio of Murphy USA Inc has shown fluctuations over the time period indicated. The cash ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, ranged from a high of 0.73 on June 30, 2020, to a low of 0.05 on December 31, 2024.

The trend indicates that the company's ability to meet its short-term obligations with its cash and cash equivalents varied significantly. The decreasing trend from 2020 to 2024 indicates a potential decrease in the company's liquidity position.

It is important to note that the cash ratio alone may not provide a comprehensive view of the company's overall financial health, as it focuses solely on the availability of cash and cash equivalents to cover short-term liabilities. Additional financial metrics and analysis would be needed to assess the company's overall liquidity and financial stability effectively.