Current Ratio
since 2005
Calculation
EOG Resources Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2019 | 1.18 | = | 5,273,339) | ÷ | 4,486,988) |
| Dec 31, 2018 | 1.36 | = | 5,057,390) | ÷ | 3,728,364) |
| Dec 31, 2017 | 1.20 | = | 3,279,108) | ÷ | 2,725,542) |
| Dec 31, 2016 | 1.75 | = | 3,554,603) | ÷ | 2,027,291) |
| Dec 31, 2015 | 1.42 | = | 2,592,244) | ÷ | 1,819,287) |
| Dec 31, 2014 | 1.60 | = | 5,416,021) | ÷ | 3,384,308) |
| Dec 31, 2013 | 1.42 | = | 4,072,015) | ÷ | 2,861,716) |
| Dec 31, 2012 | 1.23 | = | 3,589,884) | ÷ | 2,924,058) |
| Dec 31, 2011 | 1.29 | = | 3,253,938) | ÷ | 2,522,319) |
| Dec 31, 2010 | 1.14 | = | 2,527,446) | ÷ | 2,220,099) |
| Dec 31, 2009 | 1.37 | = | 1,839,541) | ÷ | 1,345,560) |
| Dec 31, 2008 | 1.19 | = | 2,108,451) | ÷ | 1,764,916) |
| Dec 31, 2007 | 0.88 | = | 1,292,039) | ÷ | 1,474,170) |
| Dec 31, 2006 | 1.08 | = | 1,350,080) | ÷ | 1,255,012) |
| Dec 31, 2005 | 1.33 | = | 1,563,238) | ÷ | 1,172,041) |
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), 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), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The financial data indicates a fluctuating but generally stable liquidity position over the fifteen-year period from 2005 to 2019. While the current ratio remained above 1.0 for the majority of the analyzed timeframe, indicating a sufficient capacity to meet short-term obligations, there were distinct phases of contraction and expansion in liquidity.
- Early Period Liquidity Decline and Recovery
- Between 2005 and 2007, a downward trend in the current ratio is observed, descending from 1.33 to a period low of 0.88. This decline indicates a period where current liabilities exceeded current assets, suggesting a temporary tightening of liquidity. However, a recovery followed immediately, with the ratio climbing back to 1.37 by 2009.
- Expansion and Peak Liquidity Phase
- From 2010 to 2016, the current ratio exhibited an overall upward trajectory characterized by periodic volatility. Current assets grew substantially, peaking in 2014 at approximately 5.42 billion USD. The highest liquidity level was recorded on December 31, 2016, with a current ratio of 1.75, representing the strongest position of short-term solvency within the provided timeframe.
- Recent Stabilization and Scale Increase
- Between 2017 and 2019, the current ratio normalized, fluctuating between 1.18 and 1.36. During this phase, both current assets and current liabilities increased significantly in absolute terms; current assets reached 5.27 billion USD and current liabilities reached 4.49 billion USD by the end of 2019. This proportional growth in both categories resulted in a stabilized liquidity ratio, maintaining a consistent margin of safety for short-term obligations.
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Comparison to Competitors
EOG Resources Inc., current ratio, long-term trends, comparison to competitors
| EOG Resources Inc. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | |
|---|---|---|---|---|
| Dec 31, 2019 | 1.18 | 1.07 | 2.40 | 0.78 |
| Dec 31, 2018 | 1.36 | 1.25 | 1.79 | 0.84 |
| Dec 31, 2017 | 1.20 | 1.03 | 1.76 | 0.82 |
| Dec 31, 2016 | 1.75 | 0.93 | 1.25 | 0.87 |
| Dec 31, 2015 | 1.42 | 1.34 | 0.95 | 0.79 |
| Dec 31, 2014 | 1.60 | 1.32 | 1.31 | 0.82 |
| Dec 31, 2013 | 1.42 | 1.52 | 1.26 | 0.83 |
| Dec 31, 2012 | 1.23 | 1.63 | 1.38 | 1.01 |
| Dec 31, 2011 | 1.29 | 1.58 | 1.08 | 0.94 |
| Dec 31, 2010 | 1.14 | 1.68 | 1.26 | 0.94 |
| Dec 31, 2009 | 1.37 | 1.42 | 0.89 | 1.06 |
| Dec 31, 2008 | 1.19 | 1.14 | 0.96 | 1.47 |
| Dec 31, 2007 | 0.88 | 1.17 | 0.92 | 1.47 |
| Dec 31, 2006 | 1.08 | 1.28 | 0.95 | 1.55 |
| Dec 31, 2005 | 1.33 | 1.37 | 0.92 | 1.58 |
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), 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), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
EOG Resources Inc., current ratio, long-term trends, comparison to sector (oil, gas & consumable fuels)
| EOG Resources Inc. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2019 | 1.18 | 0.98 |
| Dec 31, 2018 | 1.36 | 1.04 |
| Dec 31, 2017 | 1.20 | 0.97 |
| Dec 31, 2016 | 1.75 | 0.92 |
| Dec 31, 2015 | 1.42 | 0.97 |
| Dec 31, 2014 | 1.60 | 1.02 |
| Dec 31, 2013 | 1.42 | 1.07 |
| Dec 31, 2012 | 1.23 | 1.25 |
| Dec 31, 2011 | 1.29 | 1.12 |
| Dec 31, 2010 | 1.14 | 1.20 |
| Dec 31, 2009 | 1.37 | 1.11 |
| Dec 31, 2008 | 1.19 | 1.26 |
| Dec 31, 2007 | 0.88 | 1.26 |
| Dec 31, 2006 | 1.08 | 1.32 |
| Dec 31, 2005 | 1.33 | 1.37 |
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), 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), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
EOG Resources Inc., current ratio, long-term trends, comparison to industry (energy)
| EOG Resources Inc. | Energy | |
|---|---|---|
| Dec 31, 2019 | 1.18 | 1.00 |
| Dec 31, 2018 | 1.36 | 1.06 |
| Dec 31, 2017 | 1.20 | 1.00 |
| Dec 31, 2016 | 1.75 | 1.02 |
| Dec 31, 2015 | 1.42 | 1.09 |
| Dec 31, 2014 | 1.60 | 1.10 |
| Dec 31, 2013 | 1.42 | 1.16 |
| Dec 31, 2012 | 1.23 | 1.31 |
| Dec 31, 2011 | 1.29 | 1.18 |
| Dec 31, 2010 | 1.14 | 1.24 |
| Dec 31, 2009 | 1.37 | 1.17 |
| Dec 31, 2008 | 1.19 | 1.28 |
| Dec 31, 2007 | 0.88 | 1.27 |
| Dec 31, 2006 | 1.08 | 1.33 |
| Dec 31, 2005 | 1.33 | 1.38 |
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), 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), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).