Nabors Industries Ltd (NBR)
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 | 389,652 | 451,649 | 465,953 | 412,864 | 1,057,490 | 387,483 | 413,376 | 469,438 | 451,025 | 420,307 | 412,979 | 394,028 | 991,471 | 771,878 | 399,881 | 417,544 | 472,246 | 504,985 | 484,336 | 480,522 |
| Short-term investments | US$ in thousands | 7,647 | 7,653 | 7,655 | 12,696 | 12,691 | 19,160 | 15,683 | 6,294 | 1,290 | 4,763 | 4,999 | 11 | 17 | 6 | 16 | 17 | 9,500 | 8,840 | 9,942 | 9,136 |
| Total current liabilities | US$ in thousands | 571,917 | 571,578 | 590,922 | 602,418 | 1,213,980 | 528,703 | 544,265 | 540,478 | 596,390 | 559,166 | 524,058 | 513,445 | 525,228 | 516,088 | 529,116 | 490,797 | 515,469 | 486,018 | 523,690 | 584,870 |
| Cash ratio | 0.69 | 0.80 | 0.80 | 0.71 | 0.88 | 0.77 | 0.79 | 0.88 | 0.76 | 0.76 | 0.80 | 0.77 | 1.89 | 1.50 | 0.76 | 0.85 | 0.93 | 1.06 | 0.94 | 0.84 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($389,652K
+ $7,647K)
÷ $571,917K
= 0.69
The cash ratio of Nabors Industries Ltd has fluctuated over the years based on the provided data. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet its short-term obligations.
From March 31, 2020, to December 31, 2021, the cash ratio generally increased, reflecting an improvement in the company's liquidity position. The ratio peaked at 1.89 on December 31, 2021, indicating that the company had a significant amount of cash and cash equivalents to cover its short-term liabilities during that period.
However, from March 31, 2022, to December 31, 2024, the cash ratio exhibited some fluctuation, hovering mostly around the 0.70 to 0.80 range. This suggests that the company's liquidity position became slightly weaker during this period compared to the previous years.
Overall, it is essential for investors and analysts to closely monitor Nabors Industries Ltd's cash ratio to assess its liquidity position and ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024