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Finance and Credit
 

Analyzing the liquidity ratios of the world's leading public oil and gas corporations

Vol. 26, Iss. 7, JULY 2020

Received: 1 May 2020

Received in revised form: 8 June 2020

Accepted: 22 June 2020

Available online: 30 July 2020

Subject Heading: FINANCIAL CAPITAL

JEL Classification: G32, L25, L71, M41, O12

Pages: 1571–1589

https://doi.org/10.24891/fc.26.7.1571

Shimko O.V. PAO Rubin Aviation Corporation, Balashikha, Moscow Oblast, Russian Federation
shima_ne@mail.ru

https://orcid.org/0000-0002-0779-7097

Subject. This article explores the key liquidity figures of the twenty five largest public oil and gas companies between 2006 and 2018.
Objectives. The article aims to determine the current values of the key liquidity figures of the largest public oil and gas companies, identify key trends in their changes within the study period, and identify the factors that have caused these changes.
Methods. For the study, I used comparative, and financial and economic analyses, and generalization.
Results. Based on a comprehensive analysis of the twenty five oil and gas companies' annual reports, the article identifies trends in the changes in the key liquidity indexes in the industry's public sector, and establishes the main factors that affected these changes.
Conclusions and Relevance. The largest public oil and gas companies are able to maintain their own liquidity in times of crisis, even. The industry pays the most attention to increasing the instant liquidity ratios. The results of the study can be used to evaluate, forecast, and develop measures to enhance the liquidity of public oil and gas companies.

Keywords: immediate liquidity, quick liquidity, current liquidity, assets, equity capital

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