Vital Energy Inc. (VTLE)

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	40,179	22,192	56,564	423,325	14,061	589,695	71,696	27,682	44,435	49,941	147,546	65,137	56,798	51,396	193,543	44,262	48,757	40,258	15,747	62,777
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	391,647	224,958	225,111	290,248	299,170	199,838	143,672	147,071	199,170	162,876	205,767	213,549	163,298	122,657	90,609	67,704	76,155	60,298	69,113	75,588
Total current liabilities	US$ in thousands	601,139	626,332	617,420	609,335	595,589	571,702	433,745	391,507	415,276	527,273	799,376	775,502	526,913	574,811	489,675	292,243	197,595	143,108	157,789	185,684
Quick ratio		0.72	0.39	0.46	1.17	0.53	1.38	0.50	0.45	0.59	0.40	0.44	0.36	0.42	0.30	0.58	0.38	0.63	0.70	0.54	0.75

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 past few years. It was at a moderate level in March 2020 at 0.75, indicating the company had sufficient liquid assets to cover its current liabilities. However, the ratio declined to 0.30 in September 2021, suggesting a potential liquidity strain. Subsequently, the ratio improved to 1.38 in September 2023, which indicates a strong ability to meet short-term obligations with readily available assets.

The ratio then decreased to 0.53 in December 2023 but increased again to 1.17 in March 2024, demonstrating improved liquidity. However, the ratio decreased in the following periods, indicating fluctuations in the company's ability to meet its short-term liabilities with its quick assets.

Overall, the trend of the quick ratio for Vital Energy Inc. shows variability, suggesting varying levels of liquidity and the need for close monitoring of the company's ability to manage its short-term obligations effectively.