Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
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
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
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
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. |