ONEOK Inc (OKE)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,238,000 | 3,108,000 | 2,548,000 | 2,374,370 | 1,869,780 |
| Total current liabilities | US$ in thousands | 4,719,000 | 3,452,000 | 3,051,000 | 3,184,620 | 1,344,550 |
| Current ratio | 0.90 | 0.90 | 0.84 | 0.75 | 1.39 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,238,000K ÷ $4,719,000K
= 0.90
The current ratio of ONEOK Inc has displayed some fluctuations over the past five years. It stood at 1.39 as of December 31, 2020, indicating a healthy liquidity position. However, there was a significant decrease in the current ratio to 0.75 by the end of 2021, suggesting potential liquidity challenges.
Subsequently, the current ratio improved slightly to 0.84 by the end of 2022 and further increased to 0.90 both by the end of 2023 and 2024. While the current ratio remains below 1, indicating that the company may have difficulties meeting its short-term obligations with its current assets alone, the trend of improvement in recent years is a positive sign.
It is essential for ONEOK Inc to continue monitoring and managing its current assets and liabilities effectively to ensure sufficient liquidity to meet its short-term obligations and operational needs.
Peer comparison
Dec 31, 2024