Civitas Resources Inc (CIVI)

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 988,318 959,618 953,780 954,935 2,144,410 948,745 3,413,210 956,241 1,328,430 1,187,770 1,019,460 674,103 719,937 159,918 142,054 104,903 92,405 89,840 103,287 164,853
Total current liabilities US$ in thousands 2,205,090 2,114,110 2,289,740 2,579,700 1,851,890 2,019,470 1,221,090 1,058,030 1,177,930 1,268,850 1,473,980 1,335,530 1,119,510 262,103 230,366 94,276 74,484 71,521 59,353 96,364
Current ratio 0.45 0.45 0.42 0.37 1.16 0.47 2.80 0.90 1.13 0.94 0.69 0.50 0.64 0.61 0.62 1.11 1.24 1.26 1.74 1.71

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $988,318K ÷ $2,205,090K
= 0.45

The current ratio of Civitas Resources Inc has fluctuated over the past few years, indicating the company's ability to meet its short-term obligations with its current assets. The current ratio ranged from 0.37 to 2.80 during the period from March 31, 2020, to December 31, 2024.

The ratio peaked at 2.80 on June 30, 2023, suggesting a strong ability to cover its current liabilities with current assets at that point. However, this was followed by a significant decline to 0.37 on March 31, 2024, signaling potential liquidity issues during that period.

Overall, the current ratio has shown volatility, with some periods indicating a strong liquidity position while others showing potential challenges in meeting short-term obligations. It would be advisable for stakeholders to closely monitor these fluctuations and investigate the underlying reasons for such significant changes in the current ratio.