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


See also:

ONEOK Inc Current Ratio (Quarterly Data)