SM Energy Co (SM)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 0 | 616,164 | 444,998 | 332,716 | 10 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 789,950 | 633,812 | 598,584 | 889,327 | 583,739 |
| Quick ratio | 0.00 | 0.97 | 0.74 | 0.37 | 0.00 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($0K
+ $—K
+ $—K)
÷ $789,950K
= 0.00
The quick ratio of SM Energy Co has shown an improving trend over the years, starting at a very low level of 0.00 in December 31, 2020, but steadily increasing to 0.37, 0.74, and 0.97 in the following years of 2021, 2022, and 2023 respectively. This improvement indicates that the company's ability to meet its short-term obligations with its most liquid assets has been strengthening. However, the quick ratio dropped back to 0.00 in December 31, 2024, which may raise concerns about the company's short-term liquidity position during that period. Overall, the upward trend in the quick ratio until 2023 suggests positive liquidity management, but the decrease in 2024 warrants a closer examination of the company's current liquidity position.
Peer comparison
Dec 31, 2024