Talos Energy (TALO)

Cash 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 and cash equivalents	US$ in thousands	108,172	45,542	37,797	21,001	33,637	13,631	17,525	16,169	44,145	64,490	108,481	78,348	69,852	59,427	65,354	64,979	34,233	32,377	107,855	106,952
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	723,055	677,887	711,639	696,862	578,615	629,799	691,882	671,192	607,058	556,328	701,336	705,594	600,526	635,832	674,744	482,237	447,534	434,424	407,878	308,754
Cash ratio		0.15	0.07	0.05	0.03	0.06	0.02	0.03	0.02	0.07	0.12	0.15	0.11	0.12	0.09	0.10	0.13	0.08	0.07	0.26	0.35

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($108,172K + $—K) ÷ $723,055K
= 0.15

The cash ratio of Talos Energy has shown some fluctuations over the past few years. It was 0.35 as of March 31, 2020, indicating that the company had $0.35 in cash and cash equivalents for every $1 of current liabilities. The ratio decreased to 0.26 by June 30, 2020, before dropping significantly to 0.07 by September 30, 2020. This suggests a decrease in the company's ability to cover its short-term obligations solely with available cash.

Subsequently, the cash ratio improved slightly to 0.08 by December 31, 2020, and further to 0.13 by March 31, 2021. However, it declined to 0.10 by June 30, 2021, and remained relatively stable around 0.10 to 0.12 until September 30, 2022.

There was a slight increase in the cash ratio to 0.15 by June 30, 2022, suggesting a temporary improvement in the company's liquidity position. However, the ratio declined again to 0.07 by December 31, 2022, indicating a decrease in available cash relative to current liabilities.

The ratio continued to fluctuate between 0.02 to 0.07 over the next few quarters, with a slight increase to 0.15 by December 31, 2024.

Overall, the trend in Talos Energy's cash ratio demonstrates some variability in its ability to cover short-term obligations with cash reserves. Investors and analysts may want to monitor this ratio closely to assess the company's liquidity and financial health.