Cactus Inc (WHD)

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 774,688 730,201 669,021 616,957 556,178 492,948 499,069 527,455 654,642 626,950 594,527 546,365 518,485 491,801 473,779 439,407 425,142 411,894 416,666 435,274
Total current liabilities US$ in thousands 178,824 191,301 178,623 190,670 175,660 177,367 180,731 186,566 116,649 132,187 113,638 102,457 92,574 87,951 73,560 55,056 48,915 47,997 58,778 81,414
Current ratio 4.33 3.82 3.75 3.24 3.17 2.78 2.76 2.83 5.61 4.74 5.23 5.33 5.60 5.59 6.44 7.98 8.69 8.58 7.09 5.35

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $774,688K ÷ $178,824K
= 4.33

Cactus Inc's current ratio has shown fluctuations over the years, indicating changes in the company's short-term liquidity position. The current ratio, which measures the company's ability to cover its short-term obligations with its current assets, stood at a solid 5.35 as of March 31, 2020.

The ratio improved steadily over the following quarters, reaching a high of 8.69 by December 31, 2020, and remaining relatively stable above 5.00 until June 30, 2021. However, there was a notable decline in the current ratio in the subsequent quarters, dropping to a low of 2.76 by June 30, 2023.

The ratio recovered slightly in the later periods but remained below the levels seen in the earlier years. As of December 31, 2024, the current ratio stood at 4.33.

Overall, the trend in Cactus Inc's current ratio suggests some fluctuations in its short-term liquidity position, which may require further analysis to understand the underlying reasons for the changes observed.