ONEOK Inc (OKE)
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 | 733,000 | 579,000 | 36,000 | 65,000 | 338,000 | 284,000 | 106,000 | 680,000 | 220,000 | 22,215 | 135,774 | 14,610 | 146,391 | 224,337 | 374,377 | 402,413 | 524,496 | 447,129 | 945,732 | 531,630 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | 17,000 | 1,000 | 227 | 67,377 | 24,223 | 4,420 | — | 797,233 | 800,351 | 241 | 805,032 | 790,373 | — | — |
| Total current liabilities | US$ in thousands | 4,719,000 | 3,557,000 | 3,979,000 | 4,194,000 | 3,452,000 | 3,298,000 | 1,517,000 | 2,182,000 | 3,051,000 | 4,138,640 | 3,654,830 | 3,482,600 | 3,184,620 | 2,802,870 | 2,394,600 | 2,047,950 | 1,344,550 | 1,094,140 | 1,273,100 | 1,091,390 |
| Cash ratio | 0.16 | 0.16 | 0.01 | 0.02 | 0.10 | 0.09 | 0.08 | 0.31 | 0.07 | 0.02 | 0.04 | 0.01 | 0.05 | 0.36 | 0.49 | 0.20 | 0.99 | 1.13 | 0.74 | 0.49 |
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 fluctuated over the past few years, indicating the company's ability to cover its short-term liabilities with its cash and cash equivalents. The ratio was relatively stable in 2020 and 2021, ranging from 0.20 to 1.13, which signifies a healthy level of liquidity. However, in 2022 and 2023, the cash ratio declined significantly to around 0.02 to 0.31, suggesting potential liquidity challenges during those periods.
In 2024, the cash ratio improved slightly to around 0.01 to 0.16, indicating a better ability to meet short-term obligations with available cash. Overall, the trend in the cash ratio indicates some variability in ONEOK Inc's liquidity position, highlighting the importance of closely monitoring its cash management practices to ensure adequate liquidity to meet financial obligations.
Peer comparison
Dec 31, 2024