Chord Energy Corp (CHRD)

Current 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
Total current assets	US$ in thousands	1,579,120	1,552,140	1,604,390	1,415,240	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	271,617	339,441	418,835	654,620
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
Current ratio		0.94	0.93	0.96	1.14	1.22	1.02	0.96	1.18	1.09	0.98	0.89	1.06	1.32	1.13	1.06	0.83	0.80	0.59	1.16	1.31

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,579,120K ÷ $1,683,980K
= 0.94

The current ratio of Chord Energy Corp has fluctuated over the past few years, indicating varying levels of liquidity and ability to meet short-term obligations. Initially, the company had a current ratio above 1, which is generally considered favorable as it suggests the company has more current assets than current liabilities. However, there was a significant drop in the current ratio in September 2020, suggesting potential liquidity challenges at that time.

Subsequently, the current ratio improved but remained below 1 for a few quarters, indicating that Chord Energy Corp might have had difficulty meeting its short-term obligations with its current assets alone. From March 2021 to December 2023, the current ratio consistently stayed above 1, indicating an improvement in liquidity and the company's ability to cover its short-term liabilities.

In the last few quarters ending in December 2024, the current ratio declined again, indicating a potential decrease in liquidity compared to the previous periods. A current ratio below 1 may raise concerns about the company's ability to meet its short-term obligations without additional financing. Overall, fluctuations in Chord Energy Corp's current ratio suggest varying levels of liquidity and the need for monitoring its ability to manage short-term financial commitments effectively.