Chord Energy Corp (CHRD)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2019	Dec 31, 2018
Total current assets	US$ in thousands	1,424,550	1,482,510	1,615,440	437,351	554,155
Total current liabilities	US$ in thousands	1,165,460	1,361,330	1,225,200	602,883	611,776
Current ratio		1.22	1.09	1.32	0.73	0.91

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,424,550K ÷ $1,165,460K
= 1.22

The current ratio of Chord Energy Corp has fluctuated over the past three years. In 2021, the current ratio was at its highest level of 1.32, indicating that the company had $1.32 in current assets for every $1 in current liabilities. This suggests a strong liquidity position at that time. However, in 2022, the current ratio decreased to 1.09, potentially signaling a decrease in liquidity or an increase in short-term obligations compared to the previous year.

As of Dec 31, 2023, the current ratio improved to 1.22, which indicates that the company had $1.22 in current assets for every $1 in current liabilities. This improvement could be seen as a positive sign for the company's liquidity position in the most recent year. Overall, while there have been fluctuations, the current ratio for Chord Energy Corp currently suggests a reasonable level of liquidity to cover its short-term obligations.