Oceaneering International Inc (OII)

Quick ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash	US$ in thousands	497,516	461,566	568,745	538,114	452,016
Short-term investments	US$ in thousands	7,000	0	6,369	6,416	10,179
Receivables	US$ in thousands	303,583	331,326	296,554	262,960	296,214
Total current liabilities	US$ in thousands	796,938	732,476	568,414	501,161	437,116
Quick ratio		1.01	1.08	1.53	1.61	1.74

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($497,516K + $7,000K + $303,583K) ÷ $796,938K
= 1.01

The quick ratio of Oceaneering International Inc has shown a decreasing trend over the last five years. Starting at 1.74 in December 31, 2020, the ratio has gradually declined to 1.01 by December 31, 2024.

While the quick ratio has remained above the acceptable threshold of 1.0 throughout the period, the decreasing trend may indicate a potential deterioration in the company's liquidity position. A quick ratio above 1 suggests that the company has an adequate level of liquid assets to cover its short-term liabilities.

However, a significant decline in the quick ratio over time could potentially signal challenges in maintaining liquidity or managing short-term obligations efficiently. It would be important for stakeholders to closely monitor this trend to ensure Oceaneering International Inc's ability to meet its short-term financial obligations effectively.