Weatherford International PLC (WFRD)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 916,000 | 958,000 | 910,000 | 951,000 | 1,118,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 1,261,000 | 1,216,000 | 989,000 | 825,000 | 826,000 |
| Total current liabilities | US$ in thousands | 1,696,000 | 1,866,000 | 1,470,000 | 1,332,000 | 1,362,000 |
| Quick ratio | 1.28 | 1.17 | 1.29 | 1.33 | 1.43 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($916,000K
+ $—K
+ $1,261,000K)
÷ $1,696,000K
= 1.28
The quick ratio of Weatherford International PLC has shown a gradual decline over the past five years. Starting at 1.43 on December 31, 2020, the ratio decreased to 1.33 by December 31, 2021, further dropping to 1.29 by December 31, 2022, and then to 1.17 by December 31, 2023. However, there was a slight improvement noted by December 31, 2024, with the quick ratio increasing to 1.28. Overall, a quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its current liabilities, although the decreasing trend in recent years may suggest a potential liquidity challenge that should be closely monitored.
Peer comparison
Dec 31, 2024