ProPetro Holding Corp (PUMP)

Current 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
Total current assets	US$ in thousands	292,221	306,821	327,147	360,036	310,809	349,999	347,124	368,693	328,785	300,241	259,001	250,828	251,064	242,939	217,134	176,441	167,726	157,073	111,829	375,591
Total current liabilities	US$ in thousands	222,266	254,852	295,544	303,984	271,149	273,821	276,294	304,479	284,180	253,817	193,658	172,091	173,785	192,042	156,777	128,459	104,163	96,267	59,269	232,966
Current ratio		1.31	1.20	1.11	1.18	1.15	1.28	1.26	1.21	1.16	1.18	1.34	1.46	1.44	1.27	1.38	1.37	1.61	1.63	1.89	1.61

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $292,221K ÷ $222,266K
= 1.31

ProPetro Holding Corp's current ratio has shown some fluctuations over the past five years. The current ratio represents the company's ability to cover its short-term liabilities with its current assets.

From March 31, 2020, to December 31, 2022, the current ratio remained relatively stable, fluctuating between 1.16 to 1.61, indicating the company had a comfortable buffer to meet its short-term obligations.

However, from March 31, 2023, the current ratio started to decline, reaching a low of 1.11 on June 30, 2024. This decline may indicate a potential strain on the company's liquidity position and ability to cover its short-term liabilities.

It would be advisable for stakeholders to closely monitor the trend of ProPetro Holding Corp's current ratio to ensure the company maintains a healthy liquidity position and can meet its short-term obligations effectively.