ONEOK Inc (OKE)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 733,000 | 579,000 | 36,000 | 65,000 | 338,000 | 284,000 | 106,000 | 680,000 | 220,000 | 22,215 | 135,774 | 14,610 | 146,391 | 224,337 | 374,377 | 402,413 | 524,496 | 447,129 | 945,732 | 531,630 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | 17,000 | 1,000 | 227 | 67,377 | 24,223 | 4,420 | — | 797,233 | 800,351 | 241 | 805,032 | 790,373 | — | — |
| Receivables | US$ in thousands | 2,326,000 | 1,252,000 | 1,330,000 | 1,699,000 | 1,705,000 | 1,571,000 | 1,023,000 | 1,153,000 | 1,532,000 | 1,729,190 | 1,778,690 | 1,682,460 | 1,441,790 | 1,497,550 | 1,091,980 | 909,972 | 829,796 | 717,852 | 608,923 | 497,556 |
| 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 |
| Quick ratio | 0.65 | 0.51 | 0.34 | 0.42 | 0.59 | 0.56 | 0.76 | 0.84 | 0.57 | 0.44 | 0.53 | 0.49 | 0.50 | 0.90 | 0.95 | 0.64 | 1.61 | 1.79 | 1.22 | 0.94 |
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 fluctuating trends over the reported periods. The quick ratio, also known as the acid-test ratio, is a measure of a company's ability to meet its short-term obligations with its most liquid assets. A ratio below 1 indicates that a company may have difficulty meeting its short-term liabilities.
As of December 31, 2024, the quick ratio stood at 0.65, suggesting that ONEOK Inc may face challenges in meeting its short-term liabilities with its current quick assets. It is important for investors and stakeholders to monitor the trend of the quick ratio over time to assess the company's liquidity position and ability to withstand potential financial stress.
Peer comparison
Dec 31, 2024