Viper Energy Ut (VNOM)

Current ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Total current assets US$ in thousands 238,044 143,517 118,620 111,149 53,994
Total current liabilities US$ in thousands 48,694 33,256 21,946 24,466 44,898
Current ratio 4.89 4.32 5.41 4.54 1.20

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $238,044K ÷ $48,694K
= 4.89

The current ratio of Viper Energy Ut has shown a positive trend over the past five years, starting at 1.20 in December 31, 2020, and steadily increasing to 4.89 by December 31, 2024. This indicates that the company's current assets have been consistently increasing compared to its current liabilities, reflecting a strong ability to cover short-term obligations. A current ratio above 1 suggests that the company has more than enough current assets to meet its short-term liabilities. The significant rise in the current ratio from 2020 to 2024 demonstrates an improvement in Viper Energy Ut's liquidity position and its ability to handle financial obligations effectively.