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
- Current assets
- The current assets fluctuate over the period, starting at approximately 1.56 billion USD in 2005 and experiencing a decline through 2007. From 2008 onward, there is a general upward trend in current assets, reaching a peak of around 5.41 billion USD in 2014. After a sharp decrease in 2015, the value recovers and remains elevated, ending at approximately 5.27 billion USD in 2019.
- Current liabilities
- Current liabilities display variability over the years, beginning at about 1.17 billion USD in 2005. The values rise overall with some fluctuations, notably increasing sharply in 2010 and continuing to climb with minor dips through 2014. A notable decline occurs in 2015, followed by an upward movement from 2016, culminating in a high level of nearly 4.49 billion USD by 2019.
- Current ratio
- The current ratio exhibits volatility but generally remains above 1.0 throughout the period, indicating a consistently positive short-term liquidity position. Initially above 1.3 in 2005, the ratio drops below 1.0 in 2007, suggesting potential liquidity constraints at that time. It subsequently recovers and fluctuates between 1.14 and 1.75 from 2008 to 2016, peaking in 2016. Afterward, the ratio decreases gradually to about 1.18 by 2019, reflecting a slight reduction in liquidity buffer relative to current liabilities.
- Overall observations
- The data reflects an expanding scale of current assets and liabilities over the analyzed years, indicating growth or increasing operational size. The current ratio trends suggest periods of tightened liquidity, notably in 2007, with recovery and stabilization in subsequent years. The large fluctuations in both current assets and liabilities, especially around 2014 and 2015, point to significant changes in the company's working capital management or operational conditions during these years. Despite fluctuations, the current ratio remaining mostly above 1 suggests maintained ability to cover short-term obligations.
Comparison to Competitors
EOG Resources Inc., current ratio, long-term trends, comparison to competitors
| EOG Resources Inc. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2019 | 1.18 | 1.07 | 2.40 | 0.78 | 1.25 |
| Dec 31, 2018 | 1.36 | 1.25 | 1.79 | 0.84 | 1.34 |
| Dec 31, 2017 | 1.20 | 1.03 | 1.76 | 0.82 | 1.12 |
| Dec 31, 2016 | 1.75 | 0.93 | 1.25 | 0.87 | 1.32 |
| Dec 31, 2015 | 1.42 | 1.34 | 0.95 | 0.79 | 1.37 |
| Dec 31, 2014 | 1.60 | 1.32 | 1.31 | 0.82 | 1.68 |
| Dec 31, 2013 | 1.42 | 1.52 | 1.26 | 0.83 | 1.34 |
| Dec 31, 2012 | 1.23 | 1.63 | 1.38 | 1.01 | 1.30 |
| Dec 31, 2011 | 1.29 | 1.58 | 1.08 | 0.94 | 1.45 |
| Dec 31, 2010 | 1.14 | 1.68 | 1.26 | 0.94 | 1.67 |
| Dec 31, 2009 | 1.37 | 1.42 | 0.89 | 1.06 | 1.33 |
| Dec 31, 2008 | 1.19 | 1.14 | 0.96 | 1.47 | 1.17 |
| Dec 31, 2007 | 0.88 | 1.17 | 0.92 | 1.47 | 1.37 |
| Dec 31, 2006 | 1.08 | 1.28 | 0.95 | 1.55 | 1.27 |
| Dec 31, 2005 | 1.33 | 1.37 | 0.92 | 1.58 | 1.54 |
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 | 1.01 |
| Dec 31, 2018 | 1.36 | 1.06 |
| Dec 31, 2017 | 1.20 | 0.98 |
| Dec 31, 2016 | 1.75 | 0.95 |
| Dec 31, 2015 | 1.42 | 1.00 |
| Dec 31, 2014 | 1.60 | 1.07 |
| Dec 31, 2013 | 1.42 | 1.09 |
| Dec 31, 2012 | 1.23 | 1.25 |
| Dec 31, 2011 | 1.29 | 1.14 |
| Dec 31, 2010 | 1.14 | 1.23 |
| Dec 31, 2009 | 1.37 | 1.13 |
| Dec 31, 2008 | 1.19 | 1.25 |
| Dec 31, 2007 | 0.88 | 1.27 |
| Dec 31, 2006 | 1.08 | 1.32 |
| 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).
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 | 1.03 |
| Dec 31, 2018 | 1.36 | 1.07 |
| Dec 31, 2017 | 1.20 | 1.01 |
| Dec 31, 2016 | 1.75 | 1.04 |
| Dec 31, 2015 | 1.42 | 1.11 |
| Dec 31, 2014 | 1.60 | 1.14 |
| Dec 31, 2013 | 1.42 | 1.17 |
| Dec 31, 2012 | 1.23 | 1.31 |
| Dec 31, 2011 | 1.29 | 1.20 |
| Dec 31, 2010 | 1.14 | 1.26 |
| Dec 31, 2009 | 1.37 | 1.17 |
| Dec 31, 2008 | 1.19 | 1.28 |
| Dec 31, 2007 | 0.88 | 1.28 |
| Dec 31, 2006 | 1.08 | 1.33 |
| Dec 31, 2005 | 1.33 | 1.39 |
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), 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).