Northern Oil & Gas Inc (NOG)
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 | 8,933 | 34,356 | 7,778 | 32,468 | 8,195 | 12,952 | 14,805 | 6,073 | 2,528 | 9,129 | 1,471 | 3,335 | 9,519 | 2,006 | 4,843 | 2,729 | 1,428 | 1,803 | 1,838 | 8,512 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 544,270 | 420,288 | 465,569 | 428,010 | 385,761 | 602,491 | 378,751 | 345,300 | 344,972 | 381,746 | 635,932 | 625,529 | 327,557 | 355,172 | 300,837 | 155,968 | 182,475 | 170,455 | 179,220 | 235,078 |
| Cash ratio | 0.02 | 0.08 | 0.02 | 0.08 | 0.02 | 0.02 | 0.04 | 0.02 | 0.01 | 0.02 | 0.00 | 0.01 | 0.03 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.04 |
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 of Northern Oil & Gas Inc has fluctuated over the periods provided in the data. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
Based on the data provided, the cash ratio ranged from 0.00 to 0.08 during the periods from March 31, 2020, to December 31, 2024. The lowest cash ratio was observed in June 30, 2022, at 0.00, indicating a lower level of cash and cash equivalents relative to short-term liabilities at that point in time.
The highest cash ratio of 0.08 was recorded in March 31, 2024, and September 30, 2024. This suggests that Northern Oil & Gas Inc had a relatively higher level of cash and cash equivalents compared to its short-term obligations during those periods.
Overall, fluctuations in the cash ratio can reflect changes in the company's cash management practices, operational efficiency, or financial strategies. It is essential for investors and stakeholders to monitor the cash ratio over time to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2024