Oceaneering International Inc (OII)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	1,305,660	1,458,590	1,375,320	1,305,290	1,297,060	1,219,740	1,147,760	1,142,720	1,188,000	1,185,140	1,228,880	1,161,520	1,170,260	1,125,820	1,131,910	1,151,910	1,244,440	1,167,200	1,195,190	1,220,390
Total current liabilities	US$ in thousands	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	600,956	510,414	491,044	500,311
Current ratio		1.78	1.82	2.24	2.27	2.28	2.37	2.43	2.46	2.37	2.63	2.56	2.79	2.68	2.61	2.50	2.37	2.07	2.29	2.43	2.44

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,305,660K ÷ $732,476K
= 1.78

Based on the data provided, Oceaneering International, Inc.'s current ratio has exhibited a declining trend over the past year. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, decreased from 2.46 in Q1 2022 to 1.78 in Q4 2023.

The company experienced a peak current ratio of 2.46 in Q1 2022, indicating a strong ability to meet its short-term obligations with its current assets. However, there has been a gradual decrease in the current ratio since then, reaching 1.78 in Q4 2023. This decline suggests a potential weakening in the company's liquidity position or an increase in short-term liabilities relative to current assets.

It is important for stakeholders to closely monitor this trend to ensure that the company maintains a healthy liquidity position to meet its financial obligations in the short term. Further analysis and investigation into the factors driving the decline in the current ratio would be advisable to assess the company's overall financial health and liquidity management.