Stock Analysis on Net

Apache Corp. (NYSE:APA)

This company has been moved to the archive! The financial data has not been updated since August 4, 2016.

Analysis of Liquidity Ratios 

Microsoft Excel

Liquidity Ratios (Summary)

Apache Corp., liquidity ratios

Microsoft Excel
Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Current ratio 2.04 1.75 1.35 0.90 0.97
Quick ratio 1.48 0.76 1.03 0.59 0.68
Cash ratio 0.80 0.21 0.41 0.03 0.06

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Apache Corp. current ratio improved from 2013 to 2014 and from 2014 to 2015.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Apache Corp. quick ratio deteriorated from 2013 to 2014 but then improved from 2014 to 2015 exceeding 2013 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Apache Corp. cash ratio deteriorated from 2013 to 2014 but then improved from 2014 to 2015 exceeding 2013 level.

Current Ratio

Apache Corp., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Selected Financial Data (US$ in millions)
Current assets 3,752 6,415 6,366 4,962 4,803
Current liabilities 1,841 3,664 4,700 5,536 4,963
Liquidity Ratio
Current ratio1 2.04 1.75 1.35 0.90 0.97
Benchmarks
Current Ratio, Competitors2
Chevron Corp.
ConocoPhillips
Exxon Mobil Corp.
Marathon Petroleum Corp.
Occidental Petroleum Corp.
Valero Energy Corp.

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

1 2015 Calculation
Current ratio = Current assets ÷ Current liabilities
= 3,752 ÷ 1,841 = 2.04

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Apache Corp. current ratio improved from 2013 to 2014 and from 2014 to 2015.

Quick Ratio

Apache Corp., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Selected Financial Data (US$ in millions)
Cash and cash equivalents 1,467 769 1,906 160 295
Receivables, net of allowance 1,253 2,024 2,952 3,086 3,079
Total quick assets 2,720 2,793 4,858 3,246 3,374
 
Current liabilities 1,841 3,664 4,700 5,536 4,963
Liquidity Ratio
Quick ratio1 1.48 0.76 1.03 0.59 0.68
Benchmarks
Quick Ratio, Competitors2
Chevron Corp.
ConocoPhillips
Exxon Mobil Corp.
Marathon Petroleum Corp.
Occidental Petroleum Corp.
Valero Energy Corp.

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

1 2015 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,720 ÷ 1,841 = 1.48

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Apache Corp. quick ratio deteriorated from 2013 to 2014 but then improved from 2014 to 2015 exceeding 2013 level.

Cash Ratio

Apache Corp., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Selected Financial Data (US$ in millions)
Cash and cash equivalents 1,467 769 1,906 160 295
Total cash assets 1,467 769 1,906 160 295
 
Current liabilities 1,841 3,664 4,700 5,536 4,963
Liquidity Ratio
Cash ratio1 0.80 0.21 0.41 0.03 0.06
Benchmarks
Cash Ratio, Competitors2
Chevron Corp.
ConocoPhillips
Exxon Mobil Corp.
Marathon Petroleum Corp.
Occidental Petroleum Corp.
Valero Energy Corp.

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

1 2015 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,467 ÷ 1,841 = 0.80

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Apache Corp. cash ratio deteriorated from 2013 to 2014 but then improved from 2014 to 2015 exceeding 2013 level.