Northern Oil & Gas Inc (NOG)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 8,933 | 8,195 | 2,528 | 9,519 | 1,428 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 544,270 | 385,761 | 344,972 | 327,557 | 182,475 |
| Cash ratio | 0.02 | 0.02 | 0.01 | 0.03 | 0.01 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($8,933K
+ $—K)
÷ $544,270K
= 0.02
The cash ratio for Northern Oil & Gas Inc has shown fluctuations over the years as follows:
- As of December 31, 2020, the cash ratio was 0.01, indicating that the company had $0.01 in cash and cash equivalents for every $1 of current liabilities.
- By December 31, 2021, the cash ratio improved to 0.03, suggesting an increase in the company's ability to cover its short-term obligations with its cash reserves.
- However, the cash ratio decreased to 0.01 by December 31, 2022, signaling a potential decrease in the company's liquidity position.
- Subsequently, the cash ratio rose to 0.02 as of December 31, 2023, indicating a slight improvement in the company's liquidity compared to the previous year.
- Finally, by December 31, 2024, the cash ratio remained stable at 0.02, reflecting a consistent level of liquidity maintained by Northern Oil & Gas Inc.
Overall, the cash ratio trend for Northern Oil & Gas Inc shows some variability over the years, with fluctuations indicating changes in the company's ability to meet its short-term liabilities using its cash and cash equivalents.
Peer comparison
Dec 31, 2024