RPC Inc (RES)
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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($325,975K
+ $—K
+ $—K)
÷ $181,913K
= 1.79
The quick ratio of RPC Inc, which measures the company's ability to meet its short-term obligations with its most liquid assets, has fluctuated over the observation period.
The quick ratio started at a relatively low level of 0.70 on March 31, 2020, indicating a potential liquidity risk. It then improved significantly to 2.47 on June 30, 2020, suggesting a strong ability to cover short-term liabilities with liquid assets. However, the ratio decreased to 0.53 on March 31, 2022, indicating a potential liquidity strain.
Throughout the period, the quick ratio exhibited fluctuations, sometimes falling below 1, signaling potential challenges in meeting short-term obligations without relying on inventory. It peaked at 2.06 on September 30, 2024, indicating a solid ability to cover short-term obligations.
Overall, the trend of the quick ratio for RPC Inc suggests varying levels of liquidity over time, pointing to the need for close monitoring of the company's ability to meet short-term financial obligations with its liquid assets.
Peer comparison
Dec 31, 2024