Occidental Petroleum Corporation (OXY)

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	8,375,000	8,266,000	7,454,000	8,142,000	8,886,000	8,749,000	10,408,000	10,058,000	10,211,000	9,899,000	12,844,000	10,074,000	8,819,000	10,694,000	8,437,000	14,109,000	14,633,000	20,944,000	9,425,000	9,270,000
Total current liabilities	US$ in thousands	9,148,000	8,941,000	7,456,000	7,440,000	7,757,000	7,935,000	9,730,000	8,700,000	8,324,000	9,126,000	9,586,000	8,631,000	8,223,000	10,500,000	9,919,000	11,963,000	12,705,000	15,697,000	7,880,000	7,537,000
Current ratio		0.92	0.92	1.00	1.09	1.15	1.10	1.07	1.16	1.23	1.08	1.34	1.17	1.07	1.02	0.85	1.18	1.15	1.33	1.20	1.23

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $8,375,000K ÷ $9,148,000K
= 0.92

Occidental Petroleum Corp.'s current ratio has fluctuated over the past eight quarters, ranging from a low of 0.92 in multiple quarters to a high of 1.16 in Q1 2022.

A current ratio below 1 suggests that the company may have difficulty meeting its short-term obligations with its current assets alone, which may raise concerns about liquidity and the ability to cover immediate liabilities.

Occidental Petroleum Corp. has experienced some volatility in its current ratio, which could be attributed to changes in the company's current assets and liabilities. It is noteworthy that in Q2 2023 and Q3 2023, the current ratio remained at 0.92, suggesting a potential need to closely monitor the company's liquidity position.

Investors and analysts may want to further investigate the components of Occidental Petroleum Corp.'s current assets and current liabilities to assess the sustainability of its liquidity position and its ability to manage short-term financial obligations effectively.