Viper Energy Ut (VNOM)

Cash ratio

		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	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	168,649	35,211	20,005	25,869	146,814	13,079	9,106	18,179	11,616	4,312	33,066	39,448	41,515	42,422	11,727	19,121	7,374	9,663	40,271	3,602
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	44,208	29,091	54,885	33,256	47,491	28,079	29,771	21,946	25,081	26,842	37,104	24,466	61,565	68,960	62,855	44,898	44,189	46,406	24,309	13,432
Cash ratio		3.81	1.21	0.36	0.78	3.09	0.47	0.31	0.83	0.46	0.16	0.89	1.61	0.67	0.62	0.19	0.43	0.17	0.21	1.66	0.27

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($168,649K + $—K) ÷ $44,208K
= 3.81

The cash ratio for Viper Energy Ut has fluctuated over the past few quarters, indicating varying levels of liquidity. A higher cash ratio is generally preferred as it implies the company has more cash and cash equivalents on hand to cover its short-term obligations. As of Sep 30, 2024, the cash ratio was at 3.81, indicating a strong liquidity position compared to the previous quarters. This means that for every dollar of current liabilities, Viper Energy Ut had $3.81 in cash and cash equivalents available.

The trend in the cash ratio shows some inconsistency, with fluctuations observed over the periods analyzed. It is essential for investors and stakeholders to monitor these fluctuations closely to assess the company's ability to meet its short-term obligations and manage its liquidity effectively. Further analysis and comparison with industry benchmarks would provide more insights into Viper Energy Ut's liquidity position and financial health.