Northern Oil & Gas Inc (NOG)

Current 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
Total current assets	US$ in thousands	500,743	518,923	413,667	412,796	509,407	469,626	385,753	395,941	320,485	376,694	382,795	323,456	215,328	167,583	139,664	102,424	125,629	183,749	205,094	354,847
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
Current ratio		0.92	1.23	0.89	0.96	1.32	0.78	1.02	1.15	0.93	0.99	0.60	0.52	0.66	0.47	0.46	0.66	0.69	1.08	1.14	1.51

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $500,743K ÷ $544,270K
= 0.92

The current ratio of Northern Oil & Gas Inc has shown fluctuations over the years based on the provided data. The current ratio indicates the company's ability to meet its short-term obligations with its current assets.

The ratio was relatively stable between March 31, 2020, and September 30, 2021, ranging from 1.51 to 0.47. However, there was a significant decline in the current ratio from December 31, 2021, to June 30, 2022, reaching a low of 0.46. This low ratio may indicate potential liquidity constraints or difficulties in meeting short-term obligations.

From September 30, 2022, to December 31, 2024, the current ratio fluctuated between 0.93 and 1.32, showing some improvement in liquidity position. The ratio increased from its low point in June 30, 2022, reaching its highest level by December 31, 2024.

Overall, the trend of the current ratio for Northern Oil & Gas Inc suggests variability in its short-term liquidity position. It is important for the company to monitor and manage its current assets and liabilities effectively to ensure it can meet its short-term financial obligations.