Vital Energy Inc. (VTLE)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 14,061 | 44,435 | 56,798 | 48,757 | 40,857 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 595,589 | 415,276 | 526,913 | 197,595 | 170,896 |
| Cash ratio | 0.02 | 0.11 | 0.11 | 0.25 | 0.24 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($14,061K
+ $—K)
÷ $595,589K
= 0.02
The cash ratio of Vital Energy Inc. has exhibited a declining trend over the past five years. As of December 31, 2023, the cash ratio stands at 0.02, indicating that the company has only $0.02 of cash and cash equivalents for every $1 of current liabilities. This suggests that Vital Energy Inc. may be facing liquidity challenges and may struggle to meet its short-term obligations using its available cash resources alone. It is important for the company to closely monitor its liquidity position and consider strategies to improve its cash reserves to ensure financial stability and meet its financial obligations in a timely manner.
Peer comparison
Dec 31, 2023