Viper Energy Ut (VNOM)

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	26,851	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
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	48,694	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
Cash ratio		0.55	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

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($26,851K + $—K) ÷ $48,694K
= 0.55

The cash ratio of Viper Energy Ut, which is a financial metric used to evaluate a company's ability to cover its short-term liabilities with its cash and cash equivalents, has fluctuated over the periods analyzed.

The cash ratio started at a relatively strong level of 1.66 on March 31, 2020, indicating that the company had $1.66 in cash and cash equivalents for every dollar of current liabilities. However, there was a significant decrease in the cash ratio by June 30, 2020, dropping to 0.21, which could suggest potential liquidity concerns during that period.

Subsequently, the cash ratio continued to fluctuate, showing both increases and decreases, reaching a low of 0.16 on June 30, 2022, and a high of 3.81 on September 30, 2024. The sharp increase in the cash ratio in the latter period suggests a substantial improvement in Viper Energy Ut's liquidity position, with a higher level of cash reserves compared to its short-term obligations.

Overall, the trend of the cash ratio indicates that Viper Energy Ut has experienced varying levels of liquidity over the analyzed periods, with some fluctuations that may reflect changes in the company's cash management and financial operations. It would be important to further analyze the reasons behind these fluctuations to gain a deeper understanding of the company's financial health and liquidity management.