ONEOK Inc (OKE)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 733,000 | 338,000 | 220,000 | 146,391 | 524,496 |
| Short-term investments | US$ in thousands | — | — | 227 | — | 805,032 |
| Total current liabilities | US$ in thousands | 4,719,000 | 3,452,000 | 3,051,000 | 3,184,620 | 1,344,550 |
| Cash ratio | 0.16 | 0.10 | 0.07 | 0.05 | 0.99 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($733,000K
+ $—K)
÷ $4,719,000K
= 0.16
The cash ratio of ONEOK Inc has shown a fluctuating trend over the years, based on the provided data. As of December 31, 2020, the cash ratio stood at a healthy level of 0.99, indicating that the company had almost enough cash or cash equivalents to cover its current liabilities. However, there was a significant decrease in the cash ratio by the end of December 31, 2021, dropping to 0.05, suggesting a concerning decline in the company's ability to meet its short-term obligations solely with its cash reserves.
Subsequently, there was a slight improvement in the cash ratio by December 31, 2022, reaching 0.07. Although the ratio remained relatively low, it indicated a modest increase in the company's liquidity position compared to the previous year. By December 31, 2023, the cash ratio further improved to 0.10, suggesting a continued effort by ONEOK Inc to strengthen its liquidity position and better manage its short-term obligations.
The most significant improvement in the cash ratio was observed by the end of December 31, 2024, where it surged to 0.16. This substantial increase signified a considerable enhancement in the company's ability to cover its current liabilities with its available cash resources. Overall, the fluctuation in ONEOK Inc's cash ratio over the years highlights its changing liquidity position and the importance of effectively managing cash reserves to meet short-term financial obligations.
Peer comparison
Dec 31, 2024