ProPetro Holding Corp (PUMP)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,664 | 310,809 | 328,785 | 251,064 | 167,726 |
| Total current liabilities | US$ in thousands | 222,266 | 271,149 | 284,180 | 173,785 | 104,163 |
| Current ratio | 0.02 | 1.15 | 1.16 | 1.44 | 1.61 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,664K ÷ $222,266K
= 0.02
The current ratio of ProPetro Holding Corp has experienced a declining trend over the years, indicating potential liquidity concerns. The ratio decreased from 1.61 in December 2020 to 1.44 in December 2021, further dropping to 1.16 by December 2022, then stabilizing at 1.15 by December 2023. However, there was a significant decline to 0.02 by December 2024, suggesting a substantial decrease in the company's ability to meet its short-term obligations with current assets. It is essential for ProPetro Holding Corp to closely monitor its liquidity position and take necessary steps to improve its current ratio to ensure financial stability and meet its short-term liabilities effectively.
Peer comparison
Dec 31, 2024