ONEOK Inc (OKE)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,108,000 | 3,188,000 | 1,863,000 | 2,569,000 | 2,548,000 | 2,765,320 | 3,026,500 | 2,641,320 | 2,374,370 | 2,666,860 | 2,235,620 | 1,997,590 | 1,869,780 | 1,721,360 | 2,179,860 | 1,488,280 | 1,470,330 | 1,967,580 | 1,401,170 | 1,342,780 |
| 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 |
| Current ratio | 0.90 | 0.97 | 1.23 | 1.18 | 0.84 | 0.67 | 0.83 | 0.76 | 0.75 | 0.95 | 0.93 | 0.98 | 1.39 | 1.57 | 1.71 | 1.36 | 0.73 | 1.26 | 0.81 | 0.79 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,108,000K ÷ $3,452,000K
= 0.90
The current ratio of Oneok Inc. has shown fluctuations over the past eight quarters, with values ranging from 0.67 to 1.23. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A ratio below 1 indicates that the company may have difficulty in meeting its short-term liabilities, while a ratio above 1 suggests a stronger ability to cover these obligations.
In Q4 2023, the current ratio was 0.90, indicating a slight deterioration in the company's short-term liquidity compared to the previous quarter. However, it is important to note that the current ratio of 0.90 is still below the ideal threshold of 1, suggesting potential challenges in meeting short-term obligations.
The highest current ratio in the provided dataset was observed in Q2 2023 at 1.23, indicating a significant improvement in the company's short-term liquidity position during that period. This suggests that Oneok Inc. had ample current assets to cover its short-term liabilities in Q2 2023.
On the other hand, the lowest current ratio was reported in Q3 2022 at 0.67, which may raise concerns about the company's ability to meet its short-term obligations during that period.
Overall, the trend in Oneok Inc.'s current ratio shows variability, with some quarters indicating a stronger short-term liquidity position while others showing potential challenges. Further analysis and monitoring of the company's liquidity management practices may provide insights into improving the current ratio in the future.
Peer comparison
Dec 31, 2023