Chesapeake Energy Corp (CHK)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,609,000 | 2,515,000 | 2,220,000 | 2,629,000 | 2,698,000 | 2,059,000 | 2,010,000 | 1,487,000 | 2,103,000 | 1,734,000 | 1,354,000 | 1,190,000 | 1,108,000 | 1,072,000 | 690,000 | 1,818,000 | 1,251,000 | 1,403,000 | 1,384,000 | 1,365,000 |
| 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 |
| Current ratio | 1.99 | 1.56 | 1.34 | 1.39 | 1.00 | 0.49 | 0.47 | 0.34 | 0.86 | 0.69 | 0.73 | 0.82 | 0.36 | 0.35 | 0.29 | 0.80 | 0.52 | 0.60 | 0.62 | 0.47 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,609,000K ÷ $1,314,000K
= 1.99
The current ratio of Chesapeake Energy Corp has fluctuated over the past few years, indicating changes in the company's liquidity position. The current ratio measures the company's ability to pay its short-term obligations using its current assets.
The current ratio stood at 1.99 as of December 31, 2023, showing an improvement from the previous quarter. This means that the company had $1.99 in current assets for every dollar of current liabilities, indicating a strong liquidity position.
However, the current ratio has shown volatility over the quarters, ranging from a low of 0.29 on June 30, 2020, to the recent high of 1.99. A ratio below 1.0 suggests potential liquidity problems, as current liabilities exceed current assets, as was the case in some quarters in the past.
Overall, the trend in the current ratio of Chesapeake Energy Corp indicates varying levels of liquidity over time, reflecting changes in the company's operational and financial performance. It is essential for investors and stakeholders to monitor this ratio to assess the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023