Chesapeake Energy Corp (CHK)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,079,000 | 713,000 | 903,000 | 130,000 | 130,000 | 74,000 | 17,000 | 19,000 | 905,000 | 849,000 | 612,000 | 340,000 | 279,000 | 306,000 | 82,000 | 82,000 | 6,000 | 14,000 | 4,000 | 8,000 |
| Short-term investments | US$ in thousands | 637,000 | 361,000 | 417,000 | 464,000 | 34,000 | 4,000 | 2,000 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,314,000 | 1,614,000 | 1,651,000 | 1,898,000 | 2,704,000 | 4,238,000 | 4,241,000 | 4,392,000 | 2,447,000 | 2,510,000 | 1,866,000 | 1,443,000 | 3,094,000 | 3,105,000 | 2,389,000 | 2,260,000 | 2,392,000 | 2,348,000 | 2,220,000 | 2,930,000 |
| Cash ratio | 1.31 | 0.67 | 0.80 | 0.31 | 0.06 | 0.02 | 0.00 | 0.00 | 0.37 | 0.34 | 0.33 | 0.24 | 0.09 | 0.10 | 0.03 | 0.04 | 0.00 | 0.01 | 0.00 | 0.00 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,079,000K
+ $637,000K)
÷ $1,314,000K
= 1.31
The cash ratio of Chesapeake Energy Corp has shown fluctuations over the past few quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
In analyzing the trend of Chesapeake Energy Corp's cash ratio:
- The ratio was relatively stable in 2021, with values ranging from 0.09 to 0.37, indicating a moderate ability to cover short-term liabilities with cash.
- The ratio significantly increased in the first quarter of 2022 to 0.24, suggesting an improvement in the company's liquidity position.
- However, in the following quarters of 2022, the cash ratio decreased substantially, reaching as low as 0.00 in the third and fourth quarters, which may signal challenges in meeting short-term obligations with available cash.
- The cash ratio then improved in 2023, with values ranging from 0.31 to 1.31, indicating better liquidity compared to the previous quarters.
Overall, while the cash ratio of Chesapeake Energy Corp has shown variability, the recent improvement in 2023 suggests a strengthening liquidity position, which may positively impact the company's ability to meet short-term obligations with its cash reserves.
Peer comparison
Dec 31, 2023