Occidental Petroleum Corporation (OXY)

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	2,132,000	1,759,000	1,845,000	1,272,000	1,426,000	611,000	486,000	1,165,000	984,000	1,233,000	1,362,000	1,909,000	2,764,000	2,059,000	4,569,000	2,270,000	2,008,000	1,896,000	1,011,000	2,021,000
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3,249,000	3,170,000	3,250,000	—	—	1,000
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	9,521,000	9,541,000	9,699,000	8,812,000	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
Quick ratio		0.22	0.18	0.19	0.14	0.16	0.07	0.07	0.16	0.13	0.16	0.14	0.22	0.33	0.23	0.82	0.63	0.64	0.18	0.10	0.17

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,132,000K + $—K + $—K) ÷ $9,521,000K
= 0.22

The quick ratio of Occidental Petroleum Corporation has shown fluctuations over the analyzed period. It was notably low at the end of June 2020 at 0.10, indicating a potential liquidity concern as the company may have had difficulty meeting its short-term obligations with its most liquid assets. However, there was a significant improvement by the end of December 2020 when the quick ratio increased to 0.64, showing a stronger ability to cover current liabilities with liquid assets.

Subsequently, the quick ratio remained relatively stable above 0.60 until June 2021, indicating a comfortable liquidity position. By September 2021, there was a notable decline in the quick ratio to 0.23, suggesting a decrease in the company's ability to meet short-term obligations with readily available assets.

The quick ratio improved again by the end of December 2021 to 0.33, indicating a recovery in liquidity. However, there were fluctuations in the quick ratio from March 2022 to June 2024, with values ranging from 0.07 to 0.22. These fluctuations may imply changes in the company's liquidity position and its ability to cover short-term liabilities with quick assets.

Overall, the quick ratio trend for Occidental Petroleum Corporation shows variability in its liquidity position over the analyzed period, with some periods of concern but also showing improved liquidity levels at certain points.