Vital Energy Inc. (VTLE)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 40,179 | 14,061 | 44,435 | 56,798 | 48,757 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 391,647 | 299,170 | 199,170 | 163,298 | 76,155 |
| Total current liabilities | US$ in thousands | 601,139 | 595,589 | 415,276 | 526,913 | 197,595 |
| Quick ratio | 0.72 | 0.53 | 0.59 | 0.42 | 0.63 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($40,179K
+ $—K
+ $391,647K)
÷ $601,139K
= 0.72
The quick ratio of Vital Energy Inc. has shown fluctuations over the years. As of December 31, 2020, the quick ratio was 0.63, indicating that the company had $0.63 of liquid assets available to cover each dollar of current liabilities. The ratio decreased to 0.42 by December 31, 2021, reflecting a potential liquidity strain. There was a slight improvement by December 31, 2022, with the quick ratio standing at 0.59, but it declined again to 0.53 by December 31, 2023. However, by December 31, 2024, the quick ratio had increased to 0.72, suggesting an enhancement in the company's ability to meet its short-term obligations using its liquid assets. Overall, the trend in the quick ratio indicates varying levels of liquidity risk and underscores the importance of closely monitoring the company's asset and liability management practices.
Peer comparison
Dec 31, 2024