Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
EOG Resources Inc., liquidity ratios
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Current ratio | 1.18 | 1.36 | 1.20 | 1.75 | 1.42 | |
| Quick ratio | 0.90 | 0.93 | 0.89 | 1.39 | 0.91 | |
| Cash ratio | 0.45 | 0.42 | 0.31 | 0.79 | 0.39 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | EOG Resources Inc. current ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | EOG Resources Inc. quick ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | EOG Resources Inc. cash ratio improved from 2017 to 2018 and from 2018 to 2019. |
Current Ratio
EOG Resources Inc., current ratio calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current assets | 5,273,339) | 5,057,390) | 3,279,108) | 3,554,603) | 2,592,244) | |
| Current liabilities | 4,486,988) | 3,728,364) | 2,725,542) | 2,027,291) | 1,819,287) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 1.18 | 1.36 | 1.20 | 1.75 | 1.42 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Chevron Corp. | 1.07 | — | — | — | — | |
| ConocoPhillips | 2.40 | — | — | — | — | |
| Exxon Mobil Corp. | 0.78 | — | — | — | — | |
| Marathon Petroleum Corp. | 1.25 | — | — | — | — | |
| Occidental Petroleum Corp. | 1.25 | — | — | — | — | |
| Valero Energy Corp. | 1.44 | — | — | — | — | |
| Current Ratio, Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.08 | — | — | — | — | |
| Current Ratio, Industry | ||||||
| Energy | 1.09 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 5,273,339 ÷ 4,486,988 = 1.18
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. | EOG Resources Inc. current ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Quick Ratio
EOG Resources Inc., quick ratio calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Cash and cash equivalents | 2,027,972) | 1,555,634) | 834,228) | 1,599,895) | 718,506) | |
| Accounts receivable, net | 2,001,658) | 1,915,215) | 1,597,494) | 1,216,320) | 930,610) | |
| Total quick assets | 4,029,630) | 3,470,849) | 2,431,722) | 2,816,215) | 1,649,116) | |
| Current liabilities | 4,486,988) | 3,728,364) | 2,725,542) | 2,027,291) | 1,819,287) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 0.90 | 0.93 | 0.89 | 1.39 | 0.91 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Chevron Corp. | 0.72 | — | — | — | — | |
| ConocoPhillips | 1.93 | — | — | — | — | |
| Exxon Mobil Corp. | 0.47 | — | — | — | — | |
| Marathon Petroleum Corp. | 0.58 | — | — | — | — | |
| Occidental Petroleum Corp. | 0.63 | — | — | — | — | |
| Valero Energy Corp. | 0.88 | — | — | — | — | |
| Quick Ratio, Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.66 | — | — | — | — | |
| Quick Ratio, Industry | ||||||
| Energy | 0.67 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 4,029,630 ÷ 4,486,988 = 0.90
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. | EOG Resources Inc. quick ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. |
Cash Ratio
EOG Resources Inc., cash ratio calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Cash and cash equivalents | 2,027,972) | 1,555,634) | 834,228) | 1,599,895) | 718,506) | |
| Total cash assets | 2,027,972) | 1,555,634) | 834,228) | 1,599,895) | 718,506) | |
| Current liabilities | 4,486,988) | 3,728,364) | 2,725,542) | 2,027,291) | 1,819,287) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.45 | 0.42 | 0.31 | 0.79 | 0.39 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Chevron Corp. | 0.22 | — | — | — | — | |
| ConocoPhillips | 1.45 | — | — | — | — | |
| Exxon Mobil Corp. | 0.05 | — | — | — | — | |
| Marathon Petroleum Corp. | 0.09 | — | — | — | — | |
| Occidental Petroleum Corp. | 0.20 | — | — | — | — | |
| Valero Energy Corp. | 0.20 | — | — | — | — | |
| Cash Ratio, Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.18 | — | — | — | — | |
| Cash Ratio, Industry | ||||||
| Energy | 0.18 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,027,972 ÷ 4,486,988 = 0.45
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. | EOG Resources Inc. cash ratio improved from 2017 to 2018 and from 2018 to 2019. |