RPC Inc (RES)

Cash 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
Cash and cash equivalents US$ in thousands 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 50,023 49,523 47,642 113,014
Short-term investments US$ in thousands
Total current liabilities US$ in thousands 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 58,814 118,178 101,402 136,220 172,384 163,527
Cash ratio 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 0.49 0.36 0.28 0.69

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($223,310K + $—K) ÷ $151,857K
= 1.47

The cash ratio measures a company's ability to cover its short-term obligations using only its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet these obligations.

Looking at RPC, Inc.'s cash ratio over the past eight quarters, we observe a fluctuation in the ratio. In Q4 2023, the cash ratio was 1.57, indicating an improvement in the company's liquidity position compared to the previous quarters. This suggests that RPC, Inc. had sufficient cash reserves to cover its short-term liabilities.

In contrast, the cash ratio was relatively low in Q3 2022 at 0.23, indicating a potential liquidity issue during that period. However, the company managed to improve its cash position in the subsequent quarters.

Overall, RPC, Inc.'s cash ratio has shown variability, with some periods demonstrating strong liquidity and others indicating potential challenges in meeting short-term obligations. Monitoring this ratio over time can provide insights into the company's liquidity management and financial health.


Peer comparison

Dec 31, 2023