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.