Chord Energy Corp (CHRD)

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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Total current assets	US$ in thousands	1,424,550	1,419,940	1,124,520	1,498,120	1,482,510	1,453,940	1,115,120	952,165	1,615,440	753,257	732,332	422,523	339,441	418,835	654,620	437,351	495,614	471,720	521,530	554,155
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
Current ratio		1.22	1.02	0.96	1.18	1.09	0.98	0.89	1.06	1.32	1.13	1.06	0.83	0.59	1.16	1.31	0.73	0.83	0.84	0.78	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 shown some fluctuations over the past eight quarters. In Q4 2023, the current ratio stands at 1.22, indicating that the company has $1.22 in current assets for every $1 in current liabilities. This represents an improvement from the previous quarter, where the current ratio was 1.02.

Historically, the current ratio has ranged from a low of 0.89 in Q2 2022 to a high of 1.22 in Q4 2023. Overall, the trend has been somewhat volatile, with fluctuations above and below the ideal ratio of 1.0.

A current ratio above 1.0 generally suggests that the company has more than enough current assets to cover its current liabilities, which may indicate good liquidity and ability to meet short-term obligations. However, a ratio significantly higher than 1.0 may also signal that the company is not efficiently utilizing its current assets.

It is important for Chord Energy Corp to closely monitor its current ratio and continue to manage its current assets and liabilities effectively to ensure financial stability and liquidity in the short term.