Liquidity Analysis
Quarterly Data

Difficulty: Beginner


Ratios (Summary)

Occidental Petroleum Corp., liquidity ratios (quarterly data)

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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 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Current ratio 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 1.34 1.35 1.32 1.30
Quick ratio 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 1.08 1.07 1.01 0.92
Cash ratio 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 0.40 0.43 0.37 0.27
Source: Based on data from Occidental Petroleum Corp. Quarterly and Annual Reports
Ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Occidental Petroleum Corp.'s current ratio improved from Q4 2017 to Q1 2018 and from Q1 2018 to Q2 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 Q4 2017 to Q1 2018 but then slightly deteriorated from Q1 2018 to Q2 2018 not reaching Q4 2017 level.
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 Q4 2017 to Q1 2018 but then deteriorated significantly from Q1 2018 to Q2 2018.

Current Ratio

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

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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 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Selected Financial Data (USD $ in millions)
Current assets 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  11,323  11,938  10,859  10,154 
Current liabilities 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  8,434  8,842  8,234  7,786 
Ratio
Current ratio1 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 1.34 1.35 1.32 1.30
Source: Based on data from Occidental Petroleum Corp. Quarterly and Annual Reports

Q2 2018 Calculations

1 Current ratio = Current assets ÷ Current liabilities
= 10,990 ÷ 8,078 = 1.36

Ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Occidental Petroleum Corp.'s current ratio improved from Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.

Quick Ratio

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

Microsoft Excel LibreOffice Calc
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 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Selected Financial Data (USD $ in millions)
Cash and cash equivalents 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  3,393  3,771  3,069  2,140 
Restricted cash 1,193  1,765  2,382  3,265  4,019 
Trade receivables, net 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  5,674  5,653  5,221  4,995 
Total quick assets 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  9,067  9,424  8,290  7,135 
Current liabilities 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  8,434  8,842  8,234  7,786 
Ratio
Quick ratio1 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 1.08 1.07 1.01 0.92
Source: Based on data from Occidental Petroleum Corp. Quarterly and Annual Reports

Q2 2018 Calculations

1 Quick ratio = Total quick assets ÷ Current liabilities
= 6,883 ÷ 8,078 = 0.85

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 Q4 2017 to Q1 2018 but then slightly deteriorated from Q1 2018 to Q2 2018 not reaching Q4 2017 level.

Cash Ratio

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

Microsoft Excel LibreOffice Calc
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 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Selected Financial Data (USD $ in millions)
Cash and cash equivalents 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  3,393  3,771  3,069  2,140 
Restricted cash 1,193  1,765  2,382  3,265  4,019 
Total cash assets 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  3,393  3,771  3,069  2,140 
Current liabilities 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  8,434  8,842  8,234  7,786 
Ratio
Cash ratio1 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 0.40 0.43 0.37 0.27
Source: Based on data from Occidental Petroleum Corp. Quarterly and Annual Reports

Q2 2018 Calculations

1 Cash ratio = Total cash assets ÷ Current liabilities
= 1,362 ÷ 8,078 = 0.17

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 Q4 2017 to Q1 2018 but then deteriorated significantly from Q1 2018 to Q2 2018.