Chord Energy Corp (CHRD)

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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Cash and cash equivalents	US$ in thousands	317,998	264,966	214,787	592,300	593,151	658,857	571,114	410,174	172,114	448,608	388,915	113,054	84,265	77,408	134,002	20,019	19,425	20,258	15,442	22,190
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	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	575,294	361,353	498,674	602,883	593,861	558,428	668,846	611,776
Cash ratio		0.27	0.19	0.18	0.47	0.44	0.44	0.46	0.46	0.14	0.67	0.56	0.22	0.15	0.21	0.27	0.03	0.03	0.04	0.02	0.04

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($317,998K + $—K) ÷ $1,165,460K
= 0.27

The cash ratio of Chord Energy Corp has been fluctuating over the past eight quarters. In Q1 and Q2 of 2023, the cash ratio was lower compared to Q4 2022, indicating that the company had a lower ability to cover its short-term liabilities with its cash and cash equivalents during those periods. However, in Q4 2023, there was a noticeable improvement in the cash ratio, suggesting an increase in the company's ability to cover its short-term obligations with its available cash.

Overall, the trend in the cash ratio over the quarters shows some variability, but the ratio has generally remained above 0.2, indicating that Chord Energy Corp has maintained a reasonable level of liquidity to meet its short-term financial obligations. It would be essential for the company to continue monitoring and managing its cash position effectively to ensure liquidity stability in the future.