Weatherford International PLC (WFRD)
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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,261,000 | 1,231,000 | 1,319,000 | 1,251,000 | 1,216,000 | 1,261,000 | 1,068,000 | 1,088,000 | 989,000 | 927,000 | 930,000 | 868,000 | 825,000 | 816,000 | 782,000 | 793,000 | 826,000 | 835,000 | 927,000 | 1,204,000 |
| 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 |
| Quick ratio | 1.28 | 1.29 | 1.29 | 1.15 | 1.17 | 1.21 | 1.27 | 1.27 | 1.29 | 1.34 | 1.31 | 1.31 | 1.33 | 1.38 | 1.61 | 1.44 | 1.43 | 1.38 | 1.13 | 1.14 |
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
Weatherford International PLC's quick ratio has shown some fluctuations over the years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
From March 31, 2020, to December 31, 2024, the quick ratio has generally demonstrated a stable trend, fluctuating within a range of 1.14 to 1.44. The quick ratio peaked at 1.61 on June 30, 2021, indicating a strong ability to cover short-term liabilities with highly liquid assets at that point in time.
However, there have been some declines in the quick ratio since then, with a decrease to 1.15 on March 31, 2024. This reduction may suggest a slight weakening in the company's liquidity position over this period. For example, the quick ratio decreased to 1.17 on December 31, 2023, and further dropped to 1.15 on March 31, 2024.
Despite these decreases, the quick ratio has remained above 1 for the majority of the reporting periods, indicating that Weatherford International PLC generally has sufficient liquid assets to cover its short-term liabilities. It is essential for investors and analysts to monitor the trend in the quick ratio over time to assess the company's liquidity position accurately.
Peer comparison
Dec 31, 2024