Talos Energy (TALO)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 108,172 | 33,637 | 44,145 | 69,852 | 34,233 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 723,055 | 578,615 | 607,058 | 600,526 | 447,534 |
| Quick ratio | 0.15 | 0.06 | 0.07 | 0.12 | 0.08 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($108,172K
+ $—K
+ $—K)
÷ $723,055K
= 0.15
The quick ratio of Talos Energy has shown fluctuations over the years. As of December 31, 2020, the quick ratio was 0.08, indicating that the company had limited short-term liquidity to cover its immediate liabilities. However, by December 31, 2021, the quick ratio improved to 0.12, suggesting a slightly better ability to meet short-term obligations with its most liquid assets.
Subsequently, the quick ratio decreased to 0.07 by December 31, 2022, signaling a potential strain on short-term liquidity. This trend continued as the ratio further decreased to 0.06 by December 31, 2023, indicating a significant decline in the company's ability to quickly cover its current liabilities.
However, there was a notable improvement by December 31, 2024, with the quick ratio increasing to 0.15, showcasing a better position in terms of liquidity compared to previous years. Overall, fluctuations in the quick ratio of Talos Energy suggest varying levels of short-term liquidity and the need for a close monitoring of the company's ability to meet its immediate financial obligations.
Peer comparison
Dec 31, 2024