Weatherford International PLC (WFRD)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,402,000 | 3,400,000 | 3,362,000 | 3,312,000 | 3,345,000 | 3,220,000 | 2,971,000 | 3,043,000 | 3,043,000 | 3,063,000 | 3,010,000 | 2,889,000 | 2,911,000 | 3,244,000 | 3,126,000 | 3,158,000 | 3,177,000 | 3,293,000 | 2,927,000 | 3,374,000 |
| 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 |
| Current ratio | 2.01 | 2.04 | 1.99 | 1.84 | 1.79 | 1.86 | 2.03 | 2.01 | 2.07 | 2.21 | 2.18 | 2.22 | 2.19 | 2.13 | 2.51 | 2.32 | 2.33 | 2.33 | 2.05 | 2.05 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,402,000K ÷ $1,696,000K
= 2.01
Weatherford International PLC has displayed a generally healthy current ratio over the past few years, ranging from 1.79 to 2.51. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A ratio above 1 indicates the company has more current assets than current liabilities, which is typically considered favorable.
From December 2023 to September 2024, Weatherford International PLC experienced a slight fluctuation in their current ratio, with a decline from 2.04 to 1.79. Although the ratio dipped below 2 during this period, it remained above 1.5, suggesting the company still has adequate current assets to meet its short-term obligations.
Investors and creditors typically prefer to see a current ratio above 1.5 as it indicates a strong liquidity position for the company. However, it is important to conduct a comprehensive analysis of other financial ratios and factors to assess the overall financial health and performance of Weatherford International PLC.
Peer comparison
Dec 31, 2024