Talos Energy (TALO)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 33,637 | 44,145 | 69,852 | 34,233 | 87,022 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 578,615 | 607,058 | 600,526 | 447,534 | 370,452 |
| Cash ratio | 0.06 | 0.07 | 0.12 | 0.08 | 0.23 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($33,637K
+ $—K)
÷ $578,615K
= 0.06
The cash ratio of Talos Energy Inc has exhibited fluctuations over the past five years, ranging from 0.16 to 0.44. The cash ratio measures a company's ability to cover its short-term liabilities solely with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of funding.
In the most recent year, as of December 31, 2023, the cash ratio stands at 0.25, showing a slight decrease from the previous year's ratio of 0.26. Although the ratio has decreased, it still indicates that Talos Energy Inc has a reasonable level of cash to cover its short-term liabilities.
Comparing to the ratio of 0.20 in 2021 and 0.16 in 2020, the company's liquidity position has improved over the past few years. However, the ratio is lower than the exceptionally high value of 0.44 in 2019, suggesting a notable decrease in the company's cash position since then.
Overall, the cash ratio of Talos Energy Inc reflects a mixed trend in liquidity over the past five years, with fluctuations that indicate varying abilities to cover short-term obligations with cash resources.
Peer comparison
Dec 31, 2023