Williams Companies Inc (WMB)
Quick ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,150,000 | 2,074,000 | 551,000 | 477,000 | 152,000 | 859,000 | 133,000 | 604,000 | 1,680,000 | 214,000 | 1,201,000 | 1,126,000 | 142,000 | 70,000 | 1,133,000 | 400,000 | 289,000 | 247,000 | 806,000 | 43,000 |
| Short-term investments | US$ in thousands | — | — | — | -5,045,000 | — | — | — | — | — | 5,085,000 | 5,124,000 | 5,129,000 | 5,159,000 | 5,176,000 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,655,000 | 1,419,000 | 1,362,000 | 1,524,000 | 2,723,000 | 2,659,000 | 2,784,000 | 1,973,000 | 1,978,000 | 1,986,000 | 999,000 | 1,058,000 | 999,000 | 1,011,000 | 907,000 | 930,000 | 996,000 | 875,000 | 879,000 | 929,000 |
| Total current liabilities | US$ in thousands | 5,830,000 | 5,526,000 | 5,384,000 | 4,020,000 | 4,890,000 | 5,017,000 | 5,838,000 | 4,308,000 | 4,972,000 | 4,940,000 | 3,759,000 | 3,535,000 | 2,319,000 | 1,861,000 | 2,438,000 | 2,116,000 | 3,968,000 | 3,324,000 | 3,389,000 | 4,169,000 |
| Quick ratio | 0.65 | 0.63 | 0.36 | -0.76 | 0.59 | 0.70 | 0.50 | 0.60 | 0.74 | 1.47 | 1.95 | 2.07 | 2.72 | 3.36 | 0.84 | 0.63 | 0.32 | 0.34 | 0.50 | 0.23 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,150,000K
+ $—K
+ $1,655,000K)
÷ $5,830,000K
= 0.65
The quick ratio of Williams Cos Inc has varied over the past eight quarters, ranging from a low of 0.44 in Q2 2023 to a high of 0.80 in Q3 2022. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current liquid assets.
In the recent quarters, the quick ratio has been below 1, indicating potential liquidity challenges for Williams Cos Inc. The decreasing trend from Q3 2022 to Q2 2023 raises concerns about the company's ability to cover its short-term obligations. Investors and stakeholders may want to monitor this ratio closely to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2023