Weatherford International PLC (WFRD)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,402,000 | 3,345,000 | 3,043,000 | 2,911,000 | 3,177,000 |
| Total current liabilities | US$ in thousands | 1,696,000 | 1,866,000 | 1,470,000 | 1,332,000 | 1,362,000 |
| Current ratio | 2.01 | 1.79 | 2.07 | 2.19 | 2.33 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,402,000K ÷ $1,696,000K
= 2.01
Weatherford International PLC's current ratio has exhibited a decreasing trend over the past five years, starting at 2.33 on December 31, 2020, and decreasing to 2.01 on December 31, 2024. This ratio indicates that, as of the latest reporting period, the company's current assets still exceed its current liabilities by approximately 2 times. While the ratio has dipped slightly over the years, the company has generally maintained a healthy level of liquidity to meet its short-term obligations. However, the decrease in the current ratio may warrant further investigation into the company's liquidity management and working capital efficiency.
Peer comparison
Dec 31, 2024