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Occidental Petroleum Corp. (OXY)

Liquidity Analysis
Quarterly Data

Difficulty: Beginner

Liquidity ratios measure the company’s ability to meet its short-term obligations.

Ratios (Summary)

Occidental Petroleum Corp., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Current ratio 1.34 1.33 1.36 1.26 1.12 1.11 1.26 1.20 1.32 1.53 1.70 1.21 1.37 1.42 1.41 1.51 1.68 1.10 1.22 1.33
Quick ratio 1.07 1.07 0.85 0.96 0.79 0.87 0.96 0.85 0.98 1.18 1.30 0.87 1.08 1.05 1.16 1.23 1.46 0.83 0.93 0.92
Cash ratio 0.41 0.35 0.17 0.23 0.23 0.28 0.35 0.22 0.35 0.56 0.71 0.47 0.64 0.58 0.66 0.78 0.95 0.30 0.27 0.28

Based on: 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-11-05), 10-Q (filing date: 2018-08-08), 10-Q (filing date: 2018-05-08), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-11-01), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-26), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-06), 10-K (filing date: 2015-02-23), 10-Q (filing date: 2014-10-31), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-05).

Ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Occidental Petroleum Corp.’s current ratio deteriorated from Q2 2018 to Q3 2018 but then slightly improved from Q3 2018 to Q4 2018.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Occidental Petroleum Corp.’s quick ratio improved from Q2 2018 to Q3 2018 but then slightly deteriorated from Q3 2018 to Q4 2018.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Occidental Petroleum Corp.’s cash ratio improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.

Current Ratio

Occidental Petroleum Corp., current ratio calculation (quarterly data)

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Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (USD $ in millions)
Current assets 9,932  11,112  10,990  8,894  8,270  7,045  8,075  8,238  8,428  8,711  8,972  8,237  9,402  10,540  11,008  10,434  13,873  10,507  10,786  10,899 
Current liabilities 7,412  8,372  8,078  7,070  7,400  6,362  6,391  6,852  6,362  5,688  5,267  6,826  6,842  7,433  7,825  6,915  8,244  9,521  8,869  8,190 
Ratio
Current ratio1 1.34 1.33 1.36 1.26 1.12 1.11 1.26 1.20 1.32 1.53 1.70 1.21 1.37 1.42 1.41 1.51 1.68 1.10 1.22 1.33

Based on: 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-11-05), 10-Q (filing date: 2018-08-08), 10-Q (filing date: 2018-05-08), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-11-01), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-26), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-06), 10-K (filing date: 2015-02-23), 10-Q (filing date: 2014-10-31), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-05).

Q4 2018 Calculations

1 Current ratio = Current assets ÷ Current liabilities
= 9,932 ÷ 7,412 = 1.34

Ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Occidental Petroleum Corp.’s current ratio deteriorated from Q2 2018 to Q3 2018 but then slightly improved from Q3 2018 to Q4 2018.

Quick Ratio

Occidental Petroleum Corp., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (USD $ in millions)
Cash and cash equivalents 3,033  2,954  1,362  1,606  1,672  1,806  2,218  1,494  2,233  3,180  3,751  3,176  3,201  2,547  2,756  2,153  3,789  2,897  2,391  2,332 
Restricted cash –  –  –  –  –  –  –  –  –  –  –  –  1,193  1,765  2,382  3,265  4,019  –  –  – 
Trade receivables, net 4,893  6,000  5,521  5,184  4,145  3,749  3,913  4,316  3,989  3,521  3,113  2,780  2,970  3,507  3,973  3,068  4,206  4,960  5,826  5,233 
Total quick assets 7,926  8,954  6,883  6,790  5,817  5,555  6,131  5,810  6,222  6,701  6,864  5,956  7,364  7,819  9,111  8,486  12,014  7,857  8,217  7,565 
Current liabilities 7,412  8,372  8,078  7,070  7,400  6,362  6,391  6,852  6,362  5,688  5,267  6,826  6,842  7,433  7,825  6,915  8,244  9,521  8,869  8,190 
Ratio
Quick ratio1 1.07 1.07 0.85 0.96 0.79 0.87 0.96 0.85 0.98 1.18 1.30 0.87 1.08 1.05 1.16 1.23 1.46 0.83 0.93 0.92

Based on: 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-11-05), 10-Q (filing date: 2018-08-08), 10-Q (filing date: 2018-05-08), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-11-01), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-26), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-06), 10-K (filing date: 2015-02-23), 10-Q (filing date: 2014-10-31), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-05).

Q4 2018 Calculations

1 Quick ratio = Total quick assets ÷ Current liabilities
= 7,926 ÷ 7,412 = 1.07

Ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Occidental Petroleum Corp.’s quick ratio improved from Q2 2018 to Q3 2018 but then slightly deteriorated from Q3 2018 to Q4 2018.

Cash Ratio

Occidental Petroleum Corp., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (USD $ in millions)
Cash and cash equivalents 3,033  2,954  1,362  1,606  1,672  1,806  2,218  1,494  2,233  3,180  3,751  3,176  3,201  2,547  2,756  2,153  3,789  2,897  2,391  2,332 
Restricted cash –  –  –  –  –  –  –  –  –  –  –  –  1,193  1,765  2,382  3,265  4,019  –  –  – 
Total cash assets 3,033  2,954  1,362  1,606  1,672  1,806  2,218  1,494  2,233  3,180  3,751  3,176  4,394  4,312  5,138  5,418  7,808  2,897  2,391  2,332 
Current liabilities 7,412  8,372  8,078  7,070  7,400  6,362  6,391  6,852  6,362  5,688  5,267  6,826  6,842  7,433  7,825  6,915  8,244  9,521  8,869  8,190 
Ratio
Cash ratio1 0.41 0.35 0.17 0.23 0.23 0.28 0.35 0.22 0.35 0.56 0.71 0.47 0.64 0.58 0.66 0.78 0.95 0.30 0.27 0.28

Based on: 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-11-05), 10-Q (filing date: 2018-08-08), 10-Q (filing date: 2018-05-08), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-11-01), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-26), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-06), 10-K (filing date: 2015-02-23), 10-Q (filing date: 2014-10-31), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-05).

Q4 2018 Calculations

1 Cash ratio = Total cash assets ÷ Current liabilities
= 3,033 ÷ 7,412 = 0.41

Ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Occidental Petroleum Corp.’s cash ratio improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.