Chord Energy Corp (CHRD)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 36,950 | 317,998 | 593,151 | 172,114 | 15,856 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,683,980 | 1,165,460 | 1,361,330 | 1,225,200 | 341,231 |
| Cash ratio | 0.02 | 0.27 | 0.44 | 0.14 | 0.05 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($36,950K
+ $—K)
÷ $1,683,980K
= 0.02
The cash ratio of Chord Energy Corp has displayed fluctuations over the years as per the provided data.
As of December 31, 2020, the cash ratio was 0.05, indicating that the company had $0.05 in cash for every $1 of current liabilities, suggesting a lower liquidity position.
By December 31, 2021, the cash ratio improved significantly to 0.14, showcasing a stronger liquidity position with $0.14 in cash for every $1 of current liabilities. This increase may signify improved cash management or increased cash reserves.
The cash ratio further improved by December 31, 2022, to 0.44, demonstrating a substantial rise in liquidity with $0.44 in cash for every $1 of current liabilities. This indicates a healthier financial position and the ability to meet short-term obligations comfortably.
However, by December 31, 2023, the cash ratio decreased to 0.27, indicating a slight decline in liquidity. This reduction suggests a potential decrease in cash reserves relative to current liabilities.
As of December 31, 2024, the cash ratio dropped significantly to 0.02, showing a substantial decrease in liquidity with only $0.02 in cash for every $1 of current liabilities. This sharp decline may raise concerns about the company's ability to cover short-term obligations with available cash resources.
Overall, fluctuations in Chord Energy Corp's cash ratio reflect varying levels of liquidity over the years, with some periods showing strengthened liquidity positions while others indicating potential liquidity challenges that may require attention.
Peer comparison
Dec 31, 2024