SM Energy Co (SM)
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 | 0 | 1,735,310 | 487,869 | 506,252 | 616,164 | 401,980 | 378,238 | 477,869 | 444,998 | 498,435 | 267,089 | 419,887 | 332,716 | 29,800 | 0 | 0 | 10 | 10 | 10 | 15 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 789,950 | 581,099 | 601,785 | 536,084 | 633,812 | 599,084 | 563,988 | 563,146 | 598,584 | 814,017 | 1,013,750 | 1,058,720 | 889,327 | 1,103,570 | 1,051,670 | 776,619 | 583,739 | 377,278 | 307,900 | 383,463 |
| Quick ratio | 0.00 | 2.99 | 0.81 | 0.94 | 0.97 | 0.67 | 0.67 | 0.85 | 0.74 | 0.61 | 0.26 | 0.40 | 0.37 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 indicates the company's ability to meet its short-term financial obligations using its most liquid assets. A quick ratio below 1.0 suggests that the company may have difficulty meeting its short-term liabilities.
Based on the provided data, the quick ratio remained consistently low at 0.00 from March 2020 to December 2021, indicating a potential risk in meeting short-term obligations. However, there was a significant improvement in the quick ratio to 0.37 as of December 31, 2021, indicating a slight improvement in the company's liquidity position.
Subsequently, the quick ratio continued to increase, reaching a peak of 2.99 as of September 30, 2024. This sharp increase in the quick ratio suggests a substantial improvement in the company's ability to cover its short-term liabilities with its current assets. However, the significant fluctuation in the quick ratio over the years should be closely monitored to assess the company's liquidity management and financial health.
Peer comparison
Dec 31, 2024