ONEOK Inc (OKE)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,238,000 | 2,876,000 | 2,475,000 | 2,950,000 | 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 |
| Total current liabilities | US$ in thousands | 4,719,000 | 3,557,000 | 3,979,000 | 4,194,000 | 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 |
| Current ratio | 0.90 | 0.81 | 0.62 | 0.70 | 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 |
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 shown fluctuation over the past few years, ranging from a high of 1.71 to a low of 0.62. A current ratio above 1 indicates that the company has more current assets than current liabilities, implying a strong ability to cover short-term obligations. However, in recent quarters, the current ratio has been below 1, suggesting a potential strain on liquidity and the need to closely monitor the company's ability to meet its short-term financial commitments. The current ratio for the most recent quarter, December 31, 2024, stands at 0.90, which indicates some improvement compared to the preceding quarters but still falls short of the ideal ratio of 1 or higher. Investors and stakeholders should continue to monitor this metric to assess ONEOK Inc's liquidity position and financial health.
Peer comparison
Dec 31, 2024