Oceaneering International Inc (OII)

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	497,516	451,858	382,873	354,697	461,566	556,427	504,019	504,977	568,745	427,507	368,412	438,019	538,114	447,725	456,087	442,743	452,016	358,777	333,509	307,460
Short-term investments	US$ in thousands	7,000	7,000	—	—	0	0	6,369	6,369	6,369	6,369	5,774	6,200	6,416	6,665	6,914	9,164	10,179	10,179	10,179	10,179
Total current liabilities	US$ in thousands	796,938	800,143	776,945	703,378	732,476	800,474	615,044	575,228	568,414	515,725	472,739	465,435	501,161	451,246	479,523	416,743	437,116	431,175	452,444	485,733
Cash ratio		0.63	0.57	0.49	0.50	0.63	0.70	0.83	0.89	1.01	0.84	0.79	0.95	1.09	1.01	0.97	1.08	1.06	0.86	0.76	0.65

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($497,516K + $7,000K) ÷ $796,938K
= 0.63

The cash ratio of Oceaneering International Inc has fluctuated over the periods provided in the JSON data. The cash ratio measures the company's ability to cover its short-term liabilities using its cash and cash equivalents.

The trend shows that the cash ratio initially increased from March 31, 2020, to December 31, 2021, indicating a strengthening liquidity position. The ratio was at its peak at 1.09 in December 31, 2021, which means the company had $1.09 in cash and cash equivalents for every dollar of current liabilities.

However, after December 2021, the cash ratio started to decline, reaching 0.50 by March 31, 2024. This decrease suggests a potential liquidity challenge for the company as it may not have sufficient liquid assets to cover its short-term obligations.

Overall, Oceaneering International Inc experienced a strong liquidity position in recent years, but the declining trend in the cash ratio from 2022 to 2024 indicates a need for the company to monitor and manage its cash resources effectively to ensure it can meet its short-term obligations in the future.