Murphy USA Inc (MUSA)
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 | 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 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($47,000K
+ $0K
+ $—K)
÷ $947,900K
= 0.05
The quick ratio of Murphy USA Inc has fluctuated over the years based on the provided data. The quick ratio is a liquidity ratio that measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulties meeting its short-term liabilities.
The quick ratio for Murphy USA Inc ranged between 0.05 and 0.73 from December 31, 2024, to June 30, 2020, with the highest value recorded in June 30, 2020, and the lowest value in December 31, 2024. This indicates that the company had varying levels of liquid assets relative to its current liabilities during this period.
Overall, a declining trend in the quick ratio from 2020 to 2024 is observed, which could raise concerns about the company's liquidity position. Investors and stakeholders may need to further investigate the reasons behind the decreasing trend and assess the company's ability to cover its short-term obligations.
Peer comparison
Dec 31, 2024