Chord Energy Corp (CHRD)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cash and cash equivalents	US$ in thousands	36,950	52,050	197,389	296,354	317,998	264,966	214,787	592,300	593,151	658,857	571,114	410,174	172,114	448,608	388,915	113,054	15,856	84,265	77,408	134,002
Short-term investments	US$ in thousands	—	30,987	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	1,683,980	1,661,780	1,678,120	1,245,120	1,165,460	1,395,750	1,173,390	1,268,090	1,361,330	1,488,760	1,249,720	900,987	1,225,200	665,084	691,425	508,639	341,231	575,294	361,353	498,674
Cash ratio		0.02	0.05	0.12	0.24	0.27	0.19	0.18	0.47	0.44	0.44	0.46	0.46	0.14	0.67	0.56	0.22	0.05	0.15	0.21	0.27

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($36,950K + $—K) ÷ $1,683,980K
= 0.02

Chord Energy Corp's cash ratio has fluctuated over the years based on the provided data. The cash ratio, which measures a company's ability to cover its short-term liabilities with its cash and cash equivalents, stood at 0.27 on March 31, 2020, indicating that the company had $0.27 in cash and cash equivalents for every dollar of current liabilities.

The cash ratio declined to 0.05 by December 31, 2020, suggesting a decrease in the company's liquidity position. However, the ratio improved to 0.67 by September 30, 2021, highlighting a significant increase in the company's ability to cover its short-term obligations with cash on hand.

From then on, the cash ratio remained relatively stable, hovering around the range of 0.40 to 0.20 up to the end of December 31, 2024. The ratio peaked at 0.67 on September 30, 2021, indicating a strong liquidity position, while it hit a low of 0.02 on December 31, 2024, signaling a potential strain on the company's ability to cover immediate liabilities.

Overall, the fluctuations in Chord Energy Corp's cash ratio suggest variations in the company's liquidity position over the analyzed period. It is crucial for investors and stakeholders to closely monitor the cash ratio to assess the company's short-term financial health and its ability to meet its obligations.