Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Pioneer Natural Resources Co., liquidity ratios (quarterly data)
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Pioneer Natural Resources Co. current ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 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 improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Pioneer Natural Resources Co. cash ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Current Ratio
Pioneer Natural Resources Co., current ratio calculation (quarterly data)
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current assets | 2,605) | 2,785) | 2,342) | 3,471) | 3,726) | 4,283) | 6,321) | 6,249) | 6,173) | 2,841) | 2,359) | 2,552) | 2,595) | 2,420) | 1,195) | 2,069) | 2,191) | 1,923) | 2,175) | 2,505) | ||||||
| Current liabilities | 2,974) | 3,283) | 3,199) | 3,935) | 3,887) | 4,170) | 4,749) | 4,056) | 4,073) | 4,535) | 4,273) | 3,243) | 1,906) | 1,688) | 1,584) | 2,080) | 2,496) | 2,460) | 2,525) | 2,532) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||||
| Current ratio1 | 0.88 | 0.85 | 0.73 | 0.88 | 0.96 | 1.03 | 1.33 | 1.54 | 1.52 | 0.63 | 0.55 | 0.79 | 1.36 | 1.43 | 0.75 | 0.99 | 0.88 | 0.78 | 0.86 | 0.99 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 1.27 | 1.25 | 1.43 | 1.43 | 1.47 | 1.40 | 1.31 | 1.43 | 1.26 | 1.28 | 1.17 | 1.11 | 1.18 | 1.26 | 1.14 | 1.01 | 1.07 | 1.12 | 1.15 | 1.12 | ||||||
| ConocoPhillips | 1.43 | 1.66 | 1.41 | 1.39 | 1.46 | 1.46 | 1.54 | 1.51 | 1.34 | 1.93 | 2.11 | 2.03 | 2.25 | 2.38 | 2.69 | 2.16 | 2.40 | 2.56 | 1.76 | 1.86 | ||||||
| Exxon Mobil Corp. | 1.48 | 1.42 | 1.48 | 1.46 | 1.41 | 1.34 | 1.16 | 1.07 | 1.04 | 0.90 | 0.85 | 0.80 | 0.80 | 0.86 | 0.93 | 0.78 | 0.78 | 0.78 | 0.74 | 0.77 | ||||||
| Marathon Petroleum Corp. | 1.59 | 1.67 | 1.84 | 1.90 | 1.76 | 1.66 | 1.49 | 1.45 | 1.70 | 2.02 | 1.98 | 1.89 | 1.81 | 1.84 | 1.27 | 1.16 | 1.25 | 1.25 | 1.24 | 1.20 | ||||||
| Occidental Petroleum Corp. | 0.92 | 0.92 | 1.00 | 1.09 | 1.15 | 1.10 | 1.07 | 1.16 | 1.23 | 1.08 | 1.34 | 1.17 | 1.07 | 1.02 | 0.85 | 1.18 | 1.25 | 1.33 | 1.20 | 1.23 | ||||||
| Valero Energy Corp. | 1.56 | 1.51 | 1.59 | 1.52 | 1.38 | 1.32 | 1.25 | 1.18 | 1.26 | 1.31 | 1.36 | 1.43 | 1.71 | 1.90 | 1.75 | 1.31 | 1.44 | 1.40 | 1.42 | 1.43 | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 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 improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Quick Ratio
Pioneer Natural Resources Co., quick ratio calculation (quarterly data)
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Cash and cash equivalents | 240) | 98) | 91) | 1,192) | 1,032) | 1,316) | 2,579) | 2,385) | 3,847) | 581) | 93) | 668) | 1,442) | 1,325) | 180) | 784) | 631) | 437) | 643) | 511) | ||||||
| Restricted cash | —) | —) | —) | —) | —) | 6) | 6) | 9) | 37) | 46) | 49) | 56) | 59) | 66) | 69) | 74) | 74) | 76) | 75) | —) | ||||||
| Accounts receivable, net | 1,590) | 1,850) | 1,513) | 1,392) | 1,853) | 1,938) | 2,344) | 2,397) | 1,685) | 1,680) | 1,670) | 1,273) | 695) | 662) | 566) | 555) | 1,035) | 853) | 789) | 877) | ||||||
| Investment in affiliate | 139) | 176) | 137) | 119) | 172) | 134) | 167) | 231) | 135) | 144) | 152) | 177) | 123) | 67) | 85) | 42) | 187) | 151) | 344) | 347) | ||||||
| Short-term investments, net | —) | —) | —) | —) | —) | 372) | 506) | 640) | 58) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 445) | ||||||
| Total quick assets | 1,969) | 2,124) | 1,741) | 2,703) | 3,057) | 3,766) | 5,602) | 5,662) | 5,762) | 2,451) | 1,964) | 2,174) | 2,319) | 2,120) | 900) | 1,455) | 1,927) | 1,517) | 1,851) | 2,180) | ||||||
| Current liabilities | 2,974) | 3,283) | 3,199) | 3,935) | 3,887) | 4,170) | 4,749) | 4,056) | 4,073) | 4,535) | 4,273) | 3,243) | 1,906) | 1,688) | 1,584) | 2,080) | 2,496) | 2,460) | 2,525) | 2,532) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||||
| Quick ratio1 | 0.66 | 0.65 | 0.54 | 0.69 | 0.79 | 0.90 | 1.18 | 1.40 | 1.41 | 0.54 | 0.46 | 0.67 | 1.22 | 1.26 | 0.57 | 0.70 | 0.77 | 0.62 | 0.73 | 0.86 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 0.87 | 0.84 | 0.97 | 1.03 | 1.12 | 1.03 | 1.00 | 1.12 | 0.90 | 0.90 | 0.83 | 0.77 | 0.77 | 0.84 | 0.74 | 0.66 | 0.72 | 0.82 | 0.80 | 0.79 | ||||||
| ConocoPhillips | 1.21 | 1.46 | 1.19 | 1.20 | 1.27 | 1.27 | 1.34 | 1.29 | 1.10 | 1.66 | 1.86 | 1.81 | 1.98 | 2.04 | 2.29 | 1.72 | 1.93 | 2.30 | 1.35 | 1.65 | ||||||
| Exxon Mobil Corp. | 1.06 | 1.05 | 1.06 | 1.07 | 1.03 | 0.98 | 0.84 | 0.74 | 0.69 | 0.55 | 0.51 | 0.47 | 0.44 | 0.51 | 0.55 | 0.50 | 0.47 | 0.48 | 0.45 | 0.48 | ||||||
| Marathon Petroleum Corp. | 1.08 | 1.17 | 1.24 | 1.27 | 1.26 | 1.15 | 1.08 | 1.05 | 1.22 | 1.35 | 1.39 | 0.50 | 0.39 | 0.39 | 0.47 | 0.54 | 0.58 | 0.59 | 0.59 | 0.51 | ||||||
| Occidental Petroleum Corp. | 0.51 | 0.48 | 0.45 | 0.60 | 0.68 | 0.67 | 0.79 | 0.84 | 0.84 | 0.61 | 0.82 | 0.62 | 0.50 | 0.38 | 0.34 | 0.37 | 0.63 | 0.68 | 0.89 | 0.94 | ||||||
| Valero Energy Corp. | 1.07 | 1.05 | 1.07 | 0.99 | 0.96 | 0.90 | 0.90 | 0.79 | 0.86 | 0.85 | 0.89 | 0.92 | 1.01 | 1.19 | 0.89 | 0.79 | 0.87 | 0.84 | 0.88 | 0.86 | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 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 improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Cash Ratio
Pioneer Natural Resources Co., cash ratio calculation (quarterly data)
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Cash and cash equivalents | 240) | 98) | 91) | 1,192) | 1,032) | 1,316) | 2,579) | 2,385) | 3,847) | 581) | 93) | 668) | 1,442) | 1,325) | 180) | 784) | 631) | 437) | 643) | 511) | ||||||
| Restricted cash | —) | —) | —) | —) | —) | 6) | 6) | 9) | 37) | 46) | 49) | 56) | 59) | 66) | 69) | 74) | 74) | 76) | 75) | —) | ||||||
| Investment in affiliate | 139) | 176) | 137) | 119) | 172) | 134) | 167) | 231) | 135) | 144) | 152) | 177) | 123) | 67) | 85) | 42) | 187) | 151) | 344) | 347) | ||||||
| Short-term investments, net | —) | —) | —) | —) | —) | 372) | 506) | 640) | 58) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 445) | ||||||
| Total cash assets | 379) | 274) | 228) | 1,311) | 1,204) | 1,828) | 3,258) | 3,265) | 4,077) | 771) | 294) | 901) | 1,624) | 1,458) | 334) | 900) | 892) | 664) | 1,062) | 1,303) | ||||||
| Current liabilities | 2,974) | 3,283) | 3,199) | 3,935) | 3,887) | 4,170) | 4,749) | 4,056) | 4,073) | 4,535) | 4,273) | 3,243) | 1,906) | 1,688) | 1,584) | 2,080) | 2,496) | 2,460) | 2,525) | 2,532) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||||
| Cash ratio1 | 0.13 | 0.08 | 0.07 | 0.33 | 0.31 | 0.44 | 0.69 | 0.80 | 1.00 | 0.17 | 0.07 | 0.28 | 0.85 | 0.86 | 0.21 | 0.43 | 0.36 | 0.27 | 0.42 | 0.51 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 0.25 | 0.18 | 0.32 | 0.47 | 0.52 | 0.42 | 0.32 | 0.38 | 0.21 | 0.24 | 0.27 | 0.26 | 0.25 | 0.35 | 0.33 | 0.30 | 0.22 | 0.39 | 0.30 | 0.29 | ||||||
| ConocoPhillips | 0.66 | 0.91 | 0.71 | 0.75 | 0.72 | 0.74 | 0.67 | 0.61 | 0.55 | 1.14 | 1.31 | 1.18 | 1.46 | 1.58 | 1.92 | 1.35 | 1.45 | 1.69 | 0.95 | 1.12 | ||||||
| Exxon Mobil Corp. | 0.48 | 0.46 | 0.48 | 0.49 | 0.43 | 0.41 | 0.24 | 0.15 | 0.12 | 0.08 | 0.06 | 0.06 | 0.08 | 0.16 | 0.22 | 0.18 | 0.05 | 0.08 | 0.06 | 0.07 | ||||||
| Marathon Petroleum Corp. | 0.51 | 0.60 | 0.66 | 0.67 | 0.59 | 0.52 | 0.47 | 0.42 | 0.61 | 0.78 | 0.88 | 0.04 | 0.03 | 0.04 | 0.09 | 0.12 | 0.09 | 0.10 | 0.08 | 0.06 | ||||||
| Occidental Petroleum Corp. | 0.16 | 0.07 | 0.07 | 0.16 | 0.13 | 0.16 | 0.14 | 0.22 | 0.33 | 0.23 | 0.48 | 0.26 | 0.24 | 0.18 | 0.10 | 0.17 | 0.20 | 0.31 | 0.22 | 0.23 | ||||||
| Valero Energy Corp. | 0.32 | 0.33 | 0.34 | 0.36 | 0.28 | 0.23 | 0.25 | 0.13 | 0.24 | 0.24 | 0.25 | 0.18 | 0.36 | 0.50 | 0.32 | 0.17 | 0.20 | 0.18 | 0.16 | 0.22 | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 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 improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |