Occidental Petroleum Corporation (OXY)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 9,070,000 | 8,375,000 | 8,886,000 | 10,211,000 | 8,819,000 |
| Total current liabilities | US$ in thousands | 9,521,000 | 9,148,000 | 7,757,000 | 8,324,000 | 8,223,000 |
| Current ratio | 0.95 | 0.92 | 1.15 | 1.23 | 1.07 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $9,070,000K ÷ $9,521,000K
= 0.95
Occidental Petroleum Corporation's current ratio has shown fluctuation over the past five years. In December 31, 2020, the current ratio was 1.07, indicating that the company had just enough current assets to cover its current liabilities. Subsequently, the ratio improved in December 31, 2021 to 1.23, suggesting a better ability to meet short-term obligations.
However, the current ratio dipped in December 31, 2022 to 1.15. Despite this decrease, the company still had an acceptable level of current assets compared to current liabilities. The ratio then dropped significantly in December 31, 2023 to 0.92, signaling a potential liquidity issue as current liabilities may have surpassed current assets.
By December 31, 2024, the current ratio slightly recovered to 0.95, but it still remains below 1, implying that the company may be facing challenges in meeting its short-term obligations.
Overall, Occidental Petroleum Corporation's current ratio trends indicate some volatility and suggest a need for monitoring and potential adjustments to improve its liquidity position.
Peer comparison
Dec 31, 2024