Chord Energy Corp (CHRD)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($36,950K
+ $—K
+ $—K)
÷ $1,683,980K
= 0.02
The quick ratio of Chord Energy Corp has shown fluctuating trends over the periods analyzed. The quick ratio was at its highest in September 2021 at 0.67, indicating that the company had a strong ability to cover its short-term liabilities with its most liquid assets. However, there was a significant decrease in the quick ratio by December 2021 to 0.14, suggesting a potential liquidity strain.
Subsequently, there was some recovery in the quick ratio in March 2022, reaching 0.46, before stabilizing around this level for the following quarters. This improvement in liquidity indicates that the company may have managed its short-term obligations more effectively.
The quick ratio dipped again in December 2024 to 0.02, signaling a potential liquidity concern and a limited ability to meet short-term obligations with its quick assets. Overall, it is essential for Chord Energy Corp to closely monitor its quick ratio and ensure that it maintains a healthy level of liquidity to support its operations and financial stability.
Peer comparison
Dec 31, 2024