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


See also:

ONEOK Inc Cash Ratio (Quarterly Data)