Viper Energy Ut (VNOM)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | 813 | — | — | 83,038 | 81,657 | 94,215 | 122,444 | 98,500 | 68,568 | 47,133 | 42,011 | 41,791 | 32,210 | 32,108 | 32,118 | 37,960 | 58,089 |
| 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 |
| Quick ratio | 3.81 | 1.21 | 0.36 | 0.80 | 3.09 | 0.47 | 3.10 | 4.55 | 4.22 | 4.72 | 3.55 | 4.41 | 1.44 | 1.22 | 0.85 | 1.14 | 0.89 | 0.90 | 3.22 | 4.59 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($168,649K
+ $—K
+ $—K)
÷ $44,208K
= 3.81
The quick ratio of Viper Energy Ut has displayed significant variability over the past few years. In the most recent period ending September 30, 2024, the quick ratio stood at a healthy 3.81, indicating a strong ability to cover its short-term liabilities with its most liquid assets. This was a substantial improvement from the previous quarter's ratio of 1.21.
Looking further back, the quick ratio fluctuated considerably, with notable lows in March 2024 and June 2023 at 0.36 and 0.47, respectively, suggesting potential liquidity concerns during those periods. However, Viper Energy Ut showed resilience and experienced relatively high quick ratios in December 2022, March 2023, and September 2022, ranging from 3.10 to 4.72, reflecting a robust liquidity position.
The company's quick ratio has shown a pattern of volatility, but the overall trend demonstrates an ability to maintain a healthy liquidity position to meet short-term obligations, with occasional fluctuations that may warrant further investigation into the company's working capital management.
Peer comparison
Sep 30, 2024