Oceaneering International Inc (OII)

Quick 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	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
Receivables	US$ in thousands	303,583	377,291	404,372	384,095	331,326	391,745	369,541	317,866	296,554	384,886	344,533	303,436	262,960	293,126	334,122	284,480	296,214	331,617	353,247	372,966
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
Quick ratio		1.01	1.04	1.01	1.05	1.08	1.18	1.43	1.44	1.53	1.59	1.52	1.61	1.61	1.66	1.66	1.77	1.74	1.62	1.54	1.42

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 displayed fluctuating trends over the analyzed periods. Starting with a healthy ratio of 1.42 on March 31, 2020, the company's quick ratio increased steadily, peaking at 1.77 on March 31, 2021. However, since then, there has been a slight decline in the quick ratio, with the latest reported figure for December 31, 2024, standing at 1.01.

The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A ratio above 1 indicates that the company has sufficient liquid assets to cover its short-term liabilities. Oceaneering International Inc has generally maintained quick ratios above 1 throughout the analyzed period, indicating a relatively strong liquidity position.

It is important to note the decreasing trend in the quick ratio from March 31, 2021, onwards, which suggests a potential decrease in the company's ability to cover its short-term liabilities with its readily available assets. Further monitoring of the quick ratio is advisable to assess whether this trend continues and its implications for Oceaneering International Inc's short-term liquidity position.