Weatherford International PLC (WFRD)
Cash 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 and cash equivalents | US$ in thousands | 916,000 | 920,000 | 862,000 | 824,000 | 958,000 | 839,000 | 787,000 | 833,000 | 910,000 | 933,000 | 879,000 | 841,000 | 951,000 | 1,291,000 | 1,217,000 | 1,177,000 | 1,118,000 | 1,121,000 | 680,000 | 670,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,696,000 | 1,667,000 | 1,691,000 | 1,800,000 | 1,866,000 | 1,731,000 | 1,464,000 | 1,511,000 | 1,470,000 | 1,384,000 | 1,383,000 | 1,300,000 | 1,332,000 | 1,524,000 | 1,243,000 | 1,364,000 | 1,362,000 | 1,416,000 | 1,426,000 | 1,644,000 |
| Cash ratio | 0.54 | 0.55 | 0.51 | 0.46 | 0.51 | 0.48 | 0.54 | 0.55 | 0.62 | 0.67 | 0.64 | 0.65 | 0.71 | 0.85 | 0.98 | 0.86 | 0.82 | 0.79 | 0.48 | 0.41 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($916,000K
+ $—K)
÷ $1,696,000K
= 0.54
The cash ratio of Weatherford International PLC has shown some fluctuations over the years. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
From March 31, 2020, to December 31, 2024, the cash ratio ranged between 0.41 and 0.98. The ratio increased steadily from 0.41 on March 31, 2020, to a peak of 0.98 on June 30, 2021, indicating an improvement in the company's ability to meet its short-term obligations with its available cash.
However, after reaching its peak, the cash ratio started to decline, reaching its lowest point of 0.46 on March 31, 2024. This downward trend could signify a decrease in the company's liquidity position or an increase in short-term liabilities relative to its cash holdings.
Overall, Weatherford International PLC's cash ratio fluctuated over the observed period, indicating varying levels of liquidity risk and the need for careful monitoring of the company's cash management practices.
Peer comparison
Dec 31, 2024