ONEOK Inc (OKE)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 733,000 | 338,000 | 220,000 | 146,391 | 524,496 |
| Short-term investments | US$ in thousands | — | — | 227 | — | 805,032 |
| Receivables | US$ in thousands | 2,326,000 | 1,705,000 | 1,532,000 | 1,441,790 | 829,796 |
| Total current liabilities | US$ in thousands | 4,719,000 | 3,452,000 | 3,051,000 | 3,184,620 | 1,344,550 |
| Quick ratio | 0.65 | 0.59 | 0.57 | 0.50 | 1.61 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($733,000K
+ $—K
+ $2,326,000K)
÷ $4,719,000K
= 0.65
The quick ratio of ONEOK Inc has shown some fluctuations over the years. On December 31, 2020, the quick ratio stood at 1.61, reflecting a strong ability to cover its short-term obligations with liquid assets. However, by December 31, 2021, the quick ratio decreased significantly to 0.50, indicating a potential challenge in meeting short-term obligations with readily available assets.
Subsequently, by December 31, 2022, the quick ratio improved to 0.57, suggesting a slight enhancement in the company's liquidity position. The ratio continued to increase to 0.59 on December 31, 2023, showing further progress in the company's ability to cover short-term liabilities.
By December 31, 2024, the quick ratio reached 0.65, indicating continued improvement in ONEOK Inc's liquidity position. Overall, while the quick ratio has displayed fluctuations, the trend suggests that the company has been working towards enhancing its ability to meet short-term obligations with its liquid assets over the analyzed period.
Peer comparison
Dec 31, 2024