RPC Inc (RES)

Cash 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 and cash equivalents	US$ in thousands	325,975	276,888	261,516	212,199	223,310	171,874	100,535	177,904	126,424	35,885	78,233	73,189	82,433	80,835	121,015	85,421	84,496	145,619	145,405	82,646
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	181,913	134,605	151,104	150,036	151,857	140,112	137,099	158,514	178,603	198,244	173,233	139,232	130,849	120,721	96,223	103,547	79,565	93,262	58,814	118,178
Cash ratio		1.79	2.06	1.73	1.41	1.47	1.23	0.73	1.12	0.71	0.18	0.45	0.53	0.63	0.67	1.26	0.82	1.06	1.56	2.47	0.70

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($325,975K + $—K) ÷ $181,913K
= 1.79

The cash ratio of RPC Inc has fluctuated over the past few years. The ratio measures the company's ability to cover its short-term liabilities using its cash and cash equivalents.

From March 31, 2020 to September 30, 2021, the cash ratio ranged from 0.53 to 2.47, indicating variability in the firm's ability to meet its short-term obligations with cash on hand during this period.

There was a significant decrease in the cash ratio from June 30, 2022 to September 30, 2022, reaching a low of 0.18. This suggests a potential liquidity strain during that quarter.

The ratio improved thereafter, reaching a peak of 2.06 on September 30, 2024, indicating a strengthened ability to cover short-term liabilities with cash reserves.

Overall, the trend in the cash ratio of RPC Inc demonstrates fluctuations in the company's ability to meet its short-term obligations using its cash holdings over the analyzed period.