Viper Energy Ut (VNOM)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($26,851K
+ $—K
+ $—K)
÷ $48,694K
= 0.55
The quick ratio of Viper Energy Ut has shown significant fluctuations over the reported periods. The quick ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets.
It started at a healthy level of 1.66 on March 31, 2020, indicating a strong ability to cover short-term liabilities with liquid assets. However, it decreased sharply to 0.21 by June 30, 2020, suggesting a potential liquidity strain. The ratio remained low at 0.17 on September 30, 2020, before experiencing a slight improvement to 0.43 by December 31, 2020.
The ratio continued to fluctuate in the following periods, with values below 1 indicating potential challenges in meeting short-term obligations with readily available assets. Notably, there were instances of sudden improvements in the quick ratio, such as on September 30, 2021 (0.67) and December 31, 2021 (1.61), suggesting better liquidity positions during those periods.
However, there were also instances of significant declines in the ratio, as seen on June 30, 2022 (0.16) and September 30, 2024 (3.81). A quick ratio of over 1 generally indicates a strong liquidity position, while a ratio below 1 may raise concerns about short-term liquidity.
Overall, the quick ratio of Viper Energy Ut has displayed volatility and fluctuations over the reported periods, reflecting varying levels of liquidity and the ability to meet short-term obligations with liquid assets. Evaluating the company's liquidity position in conjunction with other financial metrics would provide a more comprehensive analysis of its financial health.
Peer comparison
Dec 31, 2024