Stock Analysis on Net

Pioneer Natural Resources Co. (NYSE:PXD)

This company has been moved to the archive! The financial data has not been updated since February 22, 2024.

Analysis of Liquidity Ratios 

Microsoft Excel

Liquidity Ratios (Summary)

Pioneer Natural Resources Co., liquidity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Current ratio 0.88 0.96 1.52 1.36 0.88
Quick ratio 0.66 0.79 1.41 1.22 0.77
Cash ratio 0.13 0.31 1.00 0.85 0.36

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Pioneer Natural Resources Co. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Pioneer Natural Resources Co. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Pioneer Natural Resources Co. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Current Ratio

Pioneer Natural Resources Co., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Current assets 2,605 3,726 6,173 2,595 2,191
Current liabilities 2,974 3,887 4,073 1,906 2,496
Liquidity Ratio
Current ratio1 0.88 0.96 1.52 1.36 0.88
Benchmarks
Current Ratio, Competitors2
Chevron Corp. 1.27 1.47 1.26 1.18 1.07
ConocoPhillips 1.43 1.46 1.34 2.25 2.40
Exxon Mobil Corp. 1.48 1.41 1.04 0.80 0.78
Marathon Petroleum Corp. 1.59 1.76 1.70 1.81 1.25
Occidental Petroleum Corp. 0.92 1.15 1.23 1.07 1.25
Valero Energy Corp. 1.56 1.38 1.26 1.71 1.44
Current Ratio, Sector
Oil, Gas & Consumable Fuels 1.42 1.46 1.23 1.16 1.08
Current Ratio, Industry
Energy 1.42 1.44 1.23 1.17 1.09

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 2,605 ÷ 2,974 = 0.88

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. Pioneer Natural Resources Co. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Quick Ratio

Pioneer Natural Resources Co., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 240 1,032 3,847 1,442 631
Restricted cash 37 59 74
Accounts receivable, net 1,590 1,853 1,685 695 1,035
Investment in affiliate 139 172 135 123 187
Short-term investments, net 58
Total quick assets 1,969 3,057 5,762 2,319 1,927
 
Current liabilities 2,974 3,887 4,073 1,906 2,496
Liquidity Ratio
Quick ratio1 0.66 0.79 1.41 1.22 0.77
Benchmarks
Quick Ratio, Competitors2
Chevron Corp. 0.87 1.12 0.90 0.77 0.72
ConocoPhillips 1.21 1.27 1.10 1.98 1.93
Exxon Mobil Corp. 1.06 1.03 0.69 0.44 0.47
Marathon Petroleum Corp. 1.08 1.26 1.22 0.39 0.58
Occidental Petroleum Corp. 0.51 0.68 0.84 0.50 0.63
Valero Energy Corp. 1.07 0.96 0.86 1.01 0.88
Quick Ratio, Sector
Oil, Gas & Consumable Fuels 1.00 1.07 0.87 0.62 0.66
Quick Ratio, Industry
Energy 0.99 1.06 0.86 0.63 0.67

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,969 ÷ 2,974 = 0.66

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. Pioneer Natural Resources Co. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Cash Ratio

Pioneer Natural Resources Co., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 240 1,032 3,847 1,442 631
Restricted cash 37 59 74
Investment in affiliate 139 172 135 123 187
Short-term investments, net 58
Total cash assets 379 1,204 4,077 1,624 892
 
Current liabilities 2,974 3,887 4,073 1,906 2,496
Liquidity Ratio
Cash ratio1 0.13 0.31 1.00 0.85 0.36
Benchmarks
Cash Ratio, Competitors2
Chevron Corp. 0.25 0.52 0.21 0.25 0.22
ConocoPhillips 0.66 0.72 0.55 1.46 1.45
Exxon Mobil Corp. 0.48 0.43 0.12 0.08 0.05
Marathon Petroleum Corp. 0.51 0.59 0.61 0.03 0.09
Occidental Petroleum Corp. 0.16 0.13 0.33 0.24 0.20
Valero Energy Corp. 0.32 0.28 0.24 0.36 0.20
Cash Ratio, Sector
Oil, Gas & Consumable Fuels 0.41 0.46 0.27 0.20 0.18
Cash Ratio, Industry
Energy 0.40 0.45 0.27 0.21 0.18

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 379 ÷ 2,974 = 0.13

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. Pioneer Natural Resources Co. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023.