CNX Resources Corp (CNX)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	17,198	443	21,321	3,565	15,617
Short-term investments	US$ in thousands	—	729,454	14,600	228	141
Total current liabilities	US$ in thousands	1,122,580	822,998	1,312,800	954,576	441,312
Cash ratio		0.02	0.89	0.03	0.00	0.04

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($17,198K + $—K) ÷ $1,122,580K
= 0.02

The cash ratio of CNX Resources Corp has shown fluctuations over the years. As of December 31, 2020, the company had a cash ratio of 0.04, indicating that it had $0.04 in liquid assets available to cover each dollar of current liabilities. By the end of 2021, the cash ratio decreased significantly to 0.00, signaling a potential liquidity constraint as the company had insufficient cash to meet its short-term obligations.

However, the cash ratio improved in the following years, reaching 0.03 by December 31, 2022, albeit still at a relatively low level. The most significant improvement was seen by the end of 2023, with a substantial increase to 0.89, indicating a strong ability to cover current liabilities with available cash reserves. Nonetheless, by the end of 2024, the cash ratio dropped to 0.02, suggesting a decrease in liquidity relative to the previous year.

Overall, while the company experienced fluctuations in its cash ratio over the years, it is essential for CNX Resources Corp to monitor and manage its liquidity position effectively to ensure it can meet its short-term financial obligations.