ONEOK Inc (OKE)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 20,958 | 673,309 | 273,397 | 27,814 |
| Short-term investments | US$ in thousands | — | — | 17,000 | 1,000 | 227 | 67,377 | 24,223 | — | — | 797,233 | 800,351 | 807,721 | 805,032 | 790,373 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 2,020,300 | 1,567,150 | 1,737,370 | 1,689,670 |
| Cash ratio | 0.10 | 0.09 | 0.08 | 0.31 | 0.07 | 0.02 | 0.04 | 0.00 | 0.05 | 0.36 | 0.49 | 0.59 | 0.99 | 1.13 | 0.74 | 0.49 | 0.01 | 0.43 | 0.16 | 0.02 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($338,000K
+ $—K)
÷ $3,452,000K
= 0.10
The cash ratio is a liquidity ratio that measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. It is calculated by dividing the company's cash and cash equivalents by its current liabilities.
Based on the data provided, we can see that Oneok Inc.'s cash ratio has fluctuated over the past eight quarters. In Q1 2023, the company had a cash ratio of 0.58, indicating that it had $0.58 in cash and cash equivalents for every $1 of current liabilities. This was the highest cash ratio recorded during the period.
In contrast, the lowest cash ratio was observed in Q3 2022 at 0.21, suggesting that the company had relatively lower liquidity at that time. The cash ratio increased steadily from Q3 2022 to Q1 2023 before experiencing a slight dip in Q2 and Q3 2023, where it remained at 0.18.
Overall, the fluctuation in Oneok Inc.'s cash ratio indicates some variation in the company's ability to meet its short-term obligations using its available cash resources. It is important for investors and analysts to monitor these changes to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2023