Talos Energy (TALO)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 33,637 | 44,145 | 69,852 | 34,233 | 87,022 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 258,314 | 205,295 | 201,406 | 156,691 | 124,394 |
| Total current liabilities | US$ in thousands | 578,615 | 607,058 | 600,526 | 447,534 | 370,452 |
| Quick ratio | 0.50 | 0.41 | 0.45 | 0.43 | 0.57 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($33,637K
+ $—K
+ $258,314K)
÷ $578,615K
= 0.50
The quick ratio of Talos Energy Inc has fluctuated over the last five years, ranging from 0.55 to 0.79. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
From 2019 to 2021, the quick ratio declined steadily from 0.79 to 0.57, indicating a potential weakening in the company's short-term liquidity position. However, in 2022 and 2023, there was a slight improvement in the quick ratio to 0.61 and 0.73, respectively.
While the quick ratio values are below the ideal threshold of 1, the trend towards improvement in recent years may suggest that Talos Energy Inc has been working to strengthen its liquidity position. It is important for investors and stakeholders to monitor this ratio to assess the company's ability to cover its short-term obligations without relying heavily on inventory liquidation.
Peer comparison
Dec 31, 2023